Anheuser-Busch InBev SA/NV (NYSE:BUD – Get Free Report) issued its earnings results on Thursday. The consumer goods maker reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06, Zacks reports. The company 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 previous year, the firm earned $0.72 earnings per share.
Anheuser-Busch InBev SA/NV Stock Performance
BUD traded up $2.12 during midday trading on Friday, hitting $63.38. 2,086,791 shares of the company traded hands, compared to its average volume of 1,266,621. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $113.91 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10. The company’s 50-day moving average is $60.72 and its 200 day moving average is $61.44. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49.
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. UBS Group raised shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a research report on Monday, June 24th. Morgan Stanley reduced their price objective 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 report on Tuesday, July 2nd. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Anheuser-Busch InBev SA/NV presently has a consensus rating of “Moderate Buy” and an average price target of $72.13.
About Anheuser-Busch InBev SA/NV
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.
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