Compania Cervecerias Unidas (NYSE:CCU) Releases Earnings Results, Misses Expectations By $0.09 EPS

Compania Cervecerias Unidas (NYSE:CCU) released its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.09), Zacks reports. Compania Cervecerias Unidas had a net margin of 4.48% and a return on equity of 8.18%. The company had revenue of $963.83 million for the quarter, compared to the consensus estimate of $904.78 million.

Compania Cervecerias Unidas Trading Down 1.5%

CCU traded down $0.21 on Thursday, hitting $13.52. The company had a trading volume of 231,901 shares, compared to its average volume of 202,342. The company has a market cap of $2.50 billion, a PE ratio of 17.56, a PEG ratio of 4.10 and a beta of 0.49. The company has a quick ratio of 1.38, a current ratio of 2.06 and a debt-to-equity ratio of 0.69. The business’s fifty day simple moving average is $13.94 and its 200 day simple moving average is $12.98. Compania Cervecerias Unidas has a 12-month low of $11.35 and a 12-month high of $15.75.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Goldman Sachs Group Inc. bought a new stake in shares of Compania Cervecerias Unidas in the 1st quarter worth about $579,000. Jane Street Group LLC purchased a new stake in Compania Cervecerias Unidas in the 1st quarter worth about $194,000. Rhumbline Advisers lifted its stake in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after purchasing an additional 3,831 shares during the last quarter. American Century Companies Inc. lifted its stake in Compania Cervecerias Unidas by 172.2% in the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after purchasing an additional 109,867 shares during the last quarter. Finally, Russell Investments Group Ltd. purchased a new position in shares of Compania Cervecerias Unidas during the second quarter valued at approximately $164,000. 24.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a report on Monday, February 2nd. Three investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Compania Cervecerias Unidas currently has a consensus rating of “Reduce” and a consensus price target of $12.00.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.