Anheuser Busch Inbev (NYSE:BUD) announced its earnings results on Thursday. The consumer goods maker reported $1.25 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.13 by $0.12, Briefing.com reports. Anheuser Busch Inbev had a net margin of 12.78% and a return on equity of 21.34%. The company had revenue of $13.96 billion for the quarter, compared to analysts’ expectations of $13.81 billion. During the same period last year, the firm earned $0.95 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis.
NYSE:BUD traded up $1.00 during mid-day trading on Friday, reaching $100.49. The stock had a trading volume of 2,451,398 shares, compared to its average volume of 1,467,579. The business has a 50-day simple moving average of $89.68. The stock has a market capitalization of $169.65 billion, a PE ratio of 29.21, a PEG ratio of 2.43 and a beta of 1.16. The company has a quick ratio of 0.41, a current ratio of 0.53 and a debt-to-equity ratio of 1.47. Anheuser Busch Inbev has a 12 month low of $64.54 and a 12 month high of $102.70.
Several brokerages have recently commented on BUD. Argus cut shares of Lions Gate Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, May 30th. Bank of America reissued a “neutral” rating and issued a $105.00 price objective (up from $95.00) on shares of Childrens Place in a research note on Friday, April 5th. Zacks Investment Research cut shares of Glu Mobile from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. ValuEngine cut shares of Vereit from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Barclays set a €16.80 ($19.53) price objective on shares of Deutsche Telekom and gave the company a “neutral” rating in a research note on Tuesday, April 2nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the stock. Anheuser Busch Inbev currently has an average rating of “Hold” and an average target price of $83.77.
Anheuser Busch Inbev Company Profile
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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