Anheuser-Busch InBev SA/NV (NYSE:BUD) Issues Earnings Results

Anheuser-Busch InBev SA/NV (NYSE:BUD) issued its quarterly earnings data on Wednesday. The consumer goods maker reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.69 by $0.06, Briefing.com reports. Anheuser-Busch InBev SA/NV had a net margin of 8.99% and a return on equity of 13.57%. The firm had revenue of $14.55 billion for the quarter, compared to analysts’ expectations of $14.43 billion. During the same period in the prior year, the firm earned $0.65 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year.

Anheuser-Busch InBev SA/NV Stock Up 0.8 %

Shares of BUD traded up $0.50 on Thursday, hitting $63.49. The company’s stock had a trading volume of 2,301,647 shares, compared to its average volume of 2,062,374. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The firm has a market capitalization of $110.29 billion, a price-to-earnings ratio of 23.91, a P/E/G ratio of 1.80 and a beta of 1.11. The firm’s fifty day moving average price is $60.20 and its 200-day moving average price is $61.46. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $66.24.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently declared an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be issued a $0.8722 dividend. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. The ex-dividend date of this dividend is Friday, May 3rd. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV’s payout ratio is 24.53%.

Analyst Ratings Changes

BUD has been the subject of a number of recent analyst reports. Jefferies Financial Group raised Anheuser-Busch InBev SA/NV from a “hold” rating to a “buy” rating and raised their price target for the company from $60.00 to $76.00 in a report on Wednesday, January 10th. BNP Paribas downgraded shares of Anheuser-Busch InBev SA/NV from an “outperform” rating to a “neutral” rating in a research note on Friday, January 12th. Finally, TD Cowen decreased their price target on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Anheuser-Busch InBev SA/NV has a consensus rating of “Moderate Buy” and a consensus price target of $71.70.

Anheuser-Busch InBev SA/NV Company Profile

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.