Anheuser Busch Inbev NV (NYSE:BUD) gapped down before the market opened on Friday after the company announced weaker than expected quarterly earnings. The stock had previously closed at $74.52, but opened at $74.54. Anheuser Busch Inbev shares last traded at $74.78, with a volume of 64322 shares traded.
The consumer goods maker reported $0.82 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.04). Anheuser Busch Inbev had a return on equity of 21.16% and a net margin of 14.26%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.74 billion.
BUD has been the topic of several recent research reports. Zacks Investment Research upgraded Anheuser Busch Inbev from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Jefferies Financial Group downgraded Anheuser Busch Inbev from a “buy” rating to a “hold” rating in a report on Monday, October 1st. Guggenheim initiated coverage on Anheuser Busch Inbev in a report on Thursday, September 13th. They set a “buy” rating and a $107.00 price target on the stock. Societe Generale upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a report on Thursday, August 2nd. Finally, Macquarie set a $92.00 price target on Anheuser Busch Inbev and gave the stock a “buy” rating in a report on Tuesday, October 16th. Four analysts have rated the stock with a sell rating, two have issued a hold rating and nine have given a buy rating to the stock. Anheuser Busch Inbev has a consensus rating of “Hold” and a consensus price target of $116.36.
The company has a market capitalization of $141.32 billion, a PE ratio of 18.41, a P/E/G ratio of 2.50 and a beta of 0.92. The company has a quick ratio of 0.53, a current ratio of 0.67 and a debt-to-equity ratio of 1.47.
Anheuser Busch Inbev Company Profile (NYSE:BUD)
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks worldwide. It 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, Chernigivske, Cristal, Harbin, Jupiler, Klinskoye, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, Sibirskaya Korona, and Skol.
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