Compania Cervecerias Unidas (CCU) Projected to Post Quarterly Earnings on Tuesday

Compania Cervecerias Unidas (NYSE:CCU) is expected to post its results before the market opens on Tuesday, February 24th. Analysts expect Compania Cervecerias Unidas to post earnings of $0.4105 per share and revenue of $904.7840 million for the quarter.

Compania Cervecerias Unidas Price Performance

NYSE:CCU opened at $14.05 on Friday. 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 firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 4.05 and a beta of 0.49. Compania Cervecerias Unidas has a 12-month low of $11.35 and a 12-month high of $15.75. The stock’s 50 day moving average price is $13.87 and its two-hundred day moving average price is $12.93.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Arax Advisory Partners lifted its position in shares of Compania Cervecerias Unidas by 917.9% during the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after acquiring an additional 2,047 shares during the period. Parallel Advisors LLC grew its position in Compania Cervecerias Unidas by 69.1% in the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after purchasing an additional 1,045 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of Compania Cervecerias Unidas by 1,252.7% during the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after acquiring an additional 2,994 shares during the last quarter. Rhumbline Advisers increased its position in shares of Compania Cervecerias Unidas by 140.6% during the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after purchasing an additional 3,831 shares during the last quarter. Finally, Advisory Services Network LLC bought a new stake in Compania Cervecerias Unidas in the third quarter worth about $91,000. 24.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Zacks Research raised shares of Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price objective on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average 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.