Anheuser-Busch Inbev SA (BUD) to Release Quarterly Earnings on Thursday
Anheuser-Busch Inbev SA (NYSE:BUD) will be issuing its quarterly earnings data before the market opens on Thursday, October 26th. Analysts expect the company to announce earnings of $1.19 per share for the quarter.
Anheuser-Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.19). Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The business had revenue of $14.18 billion during the quarter, compared to analyst estimates of $14.15 billion. During the same quarter in the previous year, the firm posted $1.06 earnings per share. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. On average, analysts expect Anheuser-Busch Inbev SA to post $4.26 EPS for the current fiscal year and $5.18 EPS for the next fiscal year.
Shares of Anheuser-Busch Inbev SA (BUD) opened at 125.80 on Thursday. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $128.30. The firm has a 50-day moving average of $120.81 and a 200 day moving average of $116.51. The firm has a market capitalization of $243.26 billion, a price-to-earnings ratio of 62.71 and a beta of 1.07.
BUD has been the topic of several research reports. Susquehanna Bancshares Inc set a $111.00 price objective on shares of Anheuser-Busch Inbev SA and gave the stock a “hold” rating in a report on Thursday, July 27th. Jefferies Group LLC set a $139.00 target price on shares of Anheuser-Busch Inbev SA and gave the company a “buy” rating in a report on Saturday, July 29th. Argus assumed coverage on shares of Anheuser-Busch Inbev SA in a report on Friday, September 8th. They issued a “buy” rating and a $136.00 target price for the company. BidaskClub upgraded shares of Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a report on Monday, July 31st. Finally, Zacks Investment Research upgraded shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 target price for the company in a report on Wednesday, July 19th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $126.81.
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About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. 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.
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