Molson Coors Beverage (TAP) to Release Earnings on Tuesday

Molson Coors Beverage (NYSE:TAP) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, April 30th. Analysts expect Molson Coors Beverage to post earnings of $0.70 per share for the quarter. Individual interested in participating in the company’s earnings conference call can do so using this link.

Molson Coors Beverage (NYSE:TAP) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.12 by $0.07. Molson Coors Beverage had a net margin of 6.83% and a return on equity of 8.89%. The company had revenue of $2.79 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same period in the prior year, the firm posted $1.30 EPS. Molson Coors Beverage’s revenue for the quarter was up 6.1% on a year-over-year basis. On average, analysts expect Molson Coors Beverage to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Molson Coors Beverage Stock Performance

Shares of TAP stock opened at $62.54 on Friday. Molson Coors Beverage has a one year low of $55.67 and a one year high of $70.90. The company’s 50-day moving average is $65.15 and its 200 day moving average is $62.34. The company has a market capitalization of $13.30 billion, a price-to-earnings ratio of 14.34, a price-to-earnings-growth ratio of 2.17 and a beta of 0.84. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.50 and a current ratio of 0.70.

Molson Coors Beverage Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date was Thursday, February 29th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.41. Molson Coors Beverage’s dividend payout ratio (DPR) is presently 40.37%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on TAP shares. StockNews.com raised shares of Molson Coors Beverage from a “hold” rating to a “buy” rating in a report on Friday, April 12th. TheStreet upgraded shares of Molson Coors Beverage from a “c” rating to a “b-” rating in a research note on Tuesday, February 13th. Barclays increased their price objective on shares of Molson Coors Beverage from $65.00 to $67.00 and gave the stock an “equal weight” rating in a research note on Friday, April 12th. Citigroup cut shares of Molson Coors Beverage from a “neutral” rating to a “sell” rating and lowered their price objective for the stock from $66.00 to $56.00 in a research note on Wednesday. Finally, The Goldman Sachs Group upgraded shares of Molson Coors Beverage from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $66.00 to $75.00 in a research note on Tuesday, April 9th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $68.07.

Insider Activity at Molson Coors Beverage

In other Molson Coors Beverage news, CFO Tracey Joubert sold 2,771 shares of Molson Coors Beverage stock in a transaction on Monday, February 12th. The shares were sold at an average price of $60.37, for a total transaction of $167,285.27. Following the completion of the transaction, the chief financial officer now directly owns 60,538 shares of the company’s stock, valued at $3,654,679.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.71% of the stock is currently owned by insiders.

Molson Coors Beverage Company Profile

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.