Molson Coors Brewing (TAP) to Release Quarterly Earnings on Wednesday
Molson Coors Brewing (NYSE:TAP) is set to post its quarterly earnings results before the market opens on Wednesday, October 31st. Analysts expect Molson Coors Brewing to post earnings of $1.60 per share for the quarter.
Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $1.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.83 by $0.05. Molson Coors Brewing had a net margin of 11.68% and a return on equity of 6.97%. The firm had revenue of $3.09 billion during the quarter, compared to the consensus estimate of $3.08 billion. During the same period last year, the firm earned $1.70 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts expect Molson Coors Brewing to post $5 EPS for the current fiscal year and $5 EPS for the next fiscal year.
Shares of NYSE:TAP opened at $55.70 on Monday. The company has a quick ratio of 0.51, a current ratio of 0.66 and a debt-to-equity ratio of 0.69. Molson Coors Brewing has a one year low of $55.52 and a one year high of $85.86. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 12.46, a PEG ratio of 2.31 and a beta of 0.73.
Several research analysts have commented on the stock. Zacks Investment Research raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a report on Friday. Susquehanna Bancshares lifted their price objective on shares of Molson Coors Brewing from $80.00 to $84.00 and gave the stock a “positive” rating in a report on Thursday, August 2nd. Standpoint Research assumed coverage on shares of Molson Coors Brewing in a report on Tuesday, October 23rd. They set a “buy” rating and a $72.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Molson Coors Brewing from $69.00 to $74.00 and gave the stock an “equal weight” rating in a report on Thursday, August 2nd. Finally, Citigroup dropped their price objective on shares of Molson Coors Brewing from $80.00 to $78.00 and set a “buy” rating for the company in a report on Monday, August 27th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and seven have assigned a buy rating to the company. Molson Coors Brewing has a consensus rating of “Hold” and an average price target of $75.79.
Molson Coors Brewing Company Profile
Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.
Further Reading: Book Value Per Share – BVPS
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