Ambev S.A. (NYSE:ABEV) Announces Dividend of $0.02

Ambev S.A. (NYSE:ABEV) announced a dividend on Wednesday, February 26th, NASDAQ Dividends reports. Shareholders of record on Tuesday, March 18th will be given a dividend of 0.0221 per share on Monday, April 14th. The ex-dividend date is Tuesday, March 18th.

Ambev has a payout ratio of 83.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Ambev to earn $0.17 per share next year, which means the company should continue to be able to cover its $0.15 annual dividend with an expected future payout ratio of 88.2%.

Ambev Stock Performance

Shares of Ambev stock opened at $2.11 on Friday. The firm has a market cap of $33.16 billion, a PE ratio of 11.69, a price-to-earnings-growth ratio of 5.80 and a beta of 1.04. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev has a 52 week low of $1.76 and a 52 week high of $2.72. The business’s fifty day simple moving average is $1.86 and its 200-day simple moving average is $2.14.

Ambev (NYSE:ABEV) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.01). The company had revenue of $4.63 billion during the quarter, compared to analysts’ expectations of $22.42 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%. Equities analysts forecast that Ambev will post 0.18 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on ABEV shares. StockNews.com started coverage on Ambev in a report on Monday, January 27th. They issued a “buy” rating on the stock. Citigroup reiterated a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Barclays dropped their price target on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.