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

Anheuser-Busch InBev SA/NV (NYSE:BUD) issued its earnings results on Wednesday. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.13, Zacks reports. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%. The company had revenue of $14.84 billion during the quarter, compared to analysts’ expectations of $14.07 billion.

Anheuser-Busch InBev SA/NV Trading Up 0.7 %

BUD stock traded up $0.40 during mid-day trading on Friday, hitting $59.91. 1,285,405 shares of the company were exchanged, compared to its average volume of 2,344,392. Anheuser-Busch InBev SA/NV has a 12-month low of $45.94 and a 12-month high of $67.49. The firm has a market capitalization of $107.68 billion, a P/E ratio of 18.49, a PEG ratio of 1.73 and a beta of 1.08. The business has a fifty day simple moving average of $50.35 and a 200-day simple moving average of $56.79. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85.

Analysts Set New Price Targets

Separately, TD Cowen dropped their price objective on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $64.00.

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.