Anheuser Busch Inbev SA (BUD) to Release Earnings on Friday

Anheuser Busch Inbev SA (NYSE:BUD) will be announcing its Q216 earnings results on Friday, July 29th. Analysts expect the company to announce earnings of $1.00 per share and revenue of $10.93 billion for the quarter.

Anheuser Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by $0.37. The business had revenue of $9.40 billion for the quarter, compared to the consensus estimate of $9.94 billion. During the same period last year, the business earned $1.40 earnings per share. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. On average, analysts expect Anheuser Busch Inbev SA to post $3.49 EPS for the current fiscal year and $5.14 EPS for the next fiscal year.

Shares of Anheuser Busch Inbev SA (NYSE:BUD) traded up 3.07% during mid-day trading on Thursday, reaching $125.68. 4,132,388 shares of the company’s stock traded hands. The company has a market capitalization of $201.89 billion and a P/E ratio of 36.62. Anheuser Busch Inbev SA has a 1-year low of $102.58 and a 1-year high of $132.91. The firm has a 50-day moving average price of $126.44 and a 200-day moving average price of $123.00.

BUD has been the subject of several recent research reports. Vetr cut Anheuser Busch Inbev SA from a “strong-buy” rating to a “buy” rating and set a $137.24 price objective for the company. in a research report on Thursday, May 5th. Susquehanna reaffirmed a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, April 28th. Investec upped their price objective on Anheuser Busch Inbev SA from $126.22 to $136.95 and gave the stock a “buy” rating in a research report on Wednesday, June 1st. HSBC reissued a “buy” rating on shares of Anheuser Busch Inbev SA in a research report on Thursday, June 30th. Finally, Zacks Investment Research raised Anheuser Busch Inbev SA from a “strong sell” rating to a “hold” rating in a research report on Monday, April 4th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $132.80.

Anheuser-Busch Inbev SA (AB InBev) is a global brewer. The Company has a portfolio of over 200 beer brands. The Company operates through seven segments: North America, Mexico, Latin America North, Latin America South, Europe, Asia Pacific, and Global Export and Holding Companies. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.