Anheuser-Busch InBev SA/NV (NYSE:BUD) Releases Earnings Results, Beats Expectations By $0.13 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD) issued its earnings results on Wednesday. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13, Zacks reports. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%.

Anheuser-Busch InBev SA/NV Stock Up 7.8 %

BUD traded up $4.29 during trading on Wednesday, hitting $59.06. 3,640,251 shares of the company’s stock were exchanged, compared to its average volume of 2,290,183. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average is $49.98 and its two-hundred day moving average is $56.76. Anheuser-Busch InBev SA/NV has a fifty-two week low of $45.94 and a fifty-two week high of $67.49. The stock has a market cap of $106.14 billion, a P/E ratio of 18.23, a PEG ratio of 1.73 and a beta of 1.08.

Analyst Ratings Changes

Separately, TD Cowen reduced their target price on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Anheuser-Busch InBev SA/NV currently has a consensus rating of “Buy” and an average price target of $64.00.

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.