Molson Coors Brewing (NYSE:TAP) Issues Earnings Results, Beats Expectations By $0.24 EPS

Molson Coors Brewing (NYSE:TAP) issued its earnings results on Wednesday. The company reported $1.02 EPS for the quarter, topping the Zacks’ consensus estimate of $0.78 by $0.24, Bloomberg Earnings reports. The business had revenue of $2.49 billion for the quarter, compared to analyst estimates of $2.48 billion. Molson Coors Brewing had a net margin of 1.19% and a return on equity of 6.86%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company posted $0.84 earnings per share.

TAP traded down $0.22 on Friday, reaching $55.14. The stock had a trading volume of 39,131 shares, compared to its average volume of 1,756,753. Molson Coors Brewing has a 12-month low of $49.82 and a 12-month high of $64.32. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.60. The business’s 50-day moving average price is $55.67 and its two-hundred day moving average price is $54.17. The company has a market cap of $12.51 billion, a P/E ratio of 77.42, a price-to-earnings-growth ratio of 2.43 and a beta of 0.78.

A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $55.00 target price on the stock in a research report on Monday, November 4th. Barclays lowered shares of Molson Coors Brewing from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $59.00 to $54.00 in a research report on Monday, November 25th. TheStreet raised shares of Molson Coors Brewing from a “c” rating to a “b-” rating in a research report on Wednesday. MKM Partners set a $63.00 target price on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, BMO Capital Markets lowered shares of Molson Coors Brewing from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $62.00 to $55.00 in a research report on Tuesday, November 26th. Five equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $55.17.

About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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Earnings History for Molson Coors Brewing (NYSE:TAP)

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