Anheuser-Busch InBev SA/NV (NYSE:BUD) Issues Quarterly Earnings Results

Anheuser-Busch InBev SA/NV (NYSE:BUD) released its quarterly earnings data on Thursday. The consumer goods maker reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06, Zacks reports. The business had revenue of $15.33 billion for the quarter, compared to the consensus estimate of $15.21 billion. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 21.74%. During the same period in the prior year, the firm earned $0.72 earnings per share.

Anheuser-Busch InBev SA/NV Trading Up 3.5 %

NYSE:BUD traded up $2.12 during trading hours on Friday, hitting $63.38. The company had a trading volume of 2,086,791 shares, compared to its average volume of 1,266,621. The company has a market capitalization of $113.91 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The stock has a 50-day moving average price of $60.72 and a 200 day moving average price of $61.45. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.63 and a quick ratio of 0.48.

Analyst Upgrades and Downgrades

BUD has been the topic of a number of recent analyst reports. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research note on Monday, June 24th. Morgan Stanley lowered their target price on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $72.13.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.