Compania Cervecerias Unidas (NYSE:CCU) Releases Quarterly Earnings Results, Hits Expectations

Compania Cervecerias Unidas (NYSE:CCU) issued its earnings results on Tuesday. The company reported $0.09 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.09, FiscalAI reports. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.

Compania Cervecerias Unidas Price Performance

Shares of Compania Cervecerias Unidas stock traded up $0.02 during trading on Tuesday, reaching $10.37. 112,544 shares of the stock traded hands, compared to its average volume of 173,710. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 16.72, a P/E/G ratio of 1.05 and a beta of 0.49. Compania Cervecerias Unidas has a 52-week low of $10.14 and a 52-week high of $15.36. The business has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $11.93. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.84 and a quick ratio of 1.17.

Analyst Ratings Changes

CCU has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price objective on Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating for the company in a research report on Monday, August 31st. Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, HSBC lowered Compania Cervecerias Unidas from a “buy” rating to a “reduce” rating and dropped their price objective for the stock from $15.00 to $10.00 in a research note on Monday, September 21st. One equities research analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, Compania Cervecerias Unidas has an average rating of “Strong Sell” and an average target price of $11.50.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.