Ambev (NYSE:ABEV) Releases Earnings Results, Hits Expectations

Ambev (NYSE:ABEV) released its quarterly earnings data on Thursday. The company reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05, FiscalAI reports. Ambev had a net margin of 18.47% and a return on equity of 17.48%. The business had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.21 billion.

Here are the key takeaways from Ambev’s conference call:

• Consistent growth continued: Third-quarter volume rose 0.8%, net revenue increased 7.6%, normalized EBITDA grew 8.9% with 40 basis points of margin expansion, and normalized EPS climbed 15.4%. Year-to-date normalized EBITDA and EPS increased 9.3% and 12.3%, respectively.
• Brazil Beer showed improving momentum and market-share gains. Volumes grew 3% year to date, while the company reported broad-based share gains, particularly in premium and zero-alcohol products, and said inventory levels were appropriate heading into the high season.
• Digital platforms are becoming meaningful growth engines. BEES Marketplace GMV grew more than 80%, while Zé Delivery GMV increased in the mid-teens; management highlighted direct consumer data as a tool for testing innovations and expanding premium and balanced-choice offerings.
• Cash generation and shareholder returns strengthened. Operating cash flow rose 39% to BRL 15.6 billion in the first nine months, the company completed a BRL 3.3 billion share buyback, paid BRL 1.9 billion in interest on capital, and approved a new buyback of up to 190 million shares, or approximately BRL 3 billion.
• Cost and macroeconomic risks remain. Consolidated cash COGS per hectoliter rose 6.5% in the quarter, with commodity and logistics pressures still affecting Brazil Beer; Argentina faced weak consumption and adverse weather, while a potential Brazilian alcohol “Sin Tax” remains an uncertainty despite management’s expectation of tax neutrality.

Ambev Price Performance

Shares of NYSE ABEV traded up $0.01 during trading on Friday, hitting $2.67. The company had a trading volume of 5,762,068 shares, compared to its average volume of 26,424,859. The business’s 50-day moving average is $3.03 and its 200 day moving average is $3.02. The company has a market cap of $42.16 billion, a P/E ratio of 13.47, a PEG ratio of 1.75 and a beta of 0.58. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.76 and a current ratio of 1.02. Ambev has a 52 week low of $2.28 and a 52 week high of $3.45.

Ambev Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 11th. Investors of record on Wednesday, September 23rd will be issued a dividend of $0.0092 per share. This represents a $0.04 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Wednesday, September 23rd. Ambev’s dividend payout ratio (DPR) is presently 15.00%.

Ambev News Roundup

Here are the key news stories impacting Ambev this week:

• Positive Sentiment: Ambev’s board approved a two-year program to repurchase up to 190 million shares. The company also completed its previous buyback and canceled 279 million repurchased shares, which could support earnings per share and shareholder returns. Ambev reports third-quarter results and approves share buyback program
• Positive Sentiment: Third-quarter revenue increased year over year, with management characterizing the company as delivering consistent growth despite challenging market conditions. Ambev delivers consistent growth in challenging markets
• Neutral Sentiment: Ambev reported adjusted earnings of $0.05 per share, matching the consensus estimate. Management discussed the quarterly performance and operating conditions during the earnings call. Ambev Q3 2026 earnings call transcript
• Negative Sentiment: Revenue of approximately $4.17 billion fell short of the roughly $4.21 billion analyst consensus, limiting the market’s reaction to the reported top-line growth. Ambev fiscal third-quarter earnings
• Negative Sentiment: Ambev’s third-quarter profit declined about 10% year over year. The earnings deterioration, together with the revenue miss, appears to be the main reason the stock has decreased despite the buyback announcement. Ambev profit falls in third quarter

Insider Activity

In related news, insider Carla Smith De Vasconcellos Crippa Prado sold 60,757 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $3.09, for a total value of $187,739.13. Following the completion of the sale, the insider owned 80,707 shares of the company’s stock, valued at approximately $249,384.63. The trade was a 42.95% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Analyst Upgrades and Downgrades

ABEV has been the topic of several research reports. Weiss Ratings lowered Ambev from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday. Barclays dropped their target price on Ambev from $3.50 to $3.00 and set an “equal weight” rating on the stock in a research report on Friday. Wall Street Zen upgraded Ambev from a “hold” rating to a “buy” rating in a research note on Saturday, October 10th. Scotiabank cut shares of Ambev from a “sector outperform” rating to a “sector perform” rating in a report on Wednesday, July 15th. Finally, Bank of America lowered shares of Ambev from a “neutral” rating to an “underperform” rating and set a $3.30 price target on the stock. in a research note on Wednesday, October 7th. Four equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, Ambev presently has an average rating of “Reduce” and a consensus target price of $3.01.

Ambev Company Profile

Ambev SA is a Brazilian beverage company headquartered in São Paulo and one of the largest beverage producers in Latin America. Its principal business is the production, distribution and sale of beer, although it also offers soft drinks, carbonated beverages, bottled water, energy drinks and other non-alcoholic products.

The company’s beer portfolio includes brands such as Brahma, Skol, Antarctica, Bohemia, Original, Budweiser, Stella Artois and Corona, with brand availability varying by market.