Equities research analysts expect Molson Coors Brewing Co (NYSE:TAP) to report earnings per share of $1.47 for the current quarter, Zacks reports. Three analysts have made estimates for Molson Coors Brewing’s earnings, with the highest EPS estimate coming in at $1.59 and the lowest estimate coming in at $1.36. Molson Coors Brewing posted earnings of $1.84 per share during the same quarter last year, which indicates a negative year over year growth rate of 20.1%. The business is expected to report its next quarterly earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Molson Coors Brewing will report full-year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.03 to $4.55. For the next financial year, analysts forecast that the firm will report earnings of $4.33 per share, with EPS estimates ranging from $3.94 to $4.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Molson Coors Brewing.
Molson Coors Brewing (NYSE:TAP) last issued its quarterly earnings data on Wednesday, July 31st. The company reported $1.52 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.13). The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $3.03 billion. Molson Coors Brewing had a net margin of 6.85% and a return on equity of 7.33%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.88 EPS.
A number of research analysts have recently weighed in on TAP shares. ValuEngine lowered Molson Coors Brewing from a “sell” rating to a “strong sell” rating in a research report on Wednesday. Guggenheim lowered their price target on shares of Molson Coors Brewing from $63.00 to $52.00 and set a “neutral” rating for the company in a report on Thursday, August 1st. BMO Capital Markets increased their price target on shares of Molson Coors Brewing to $65.00 in a report on Thursday, August 1st. Bryan, Garnier & Co reaffirmed a “sell” rating and issued a $51.00 price target on shares of Molson Coors Brewing in a report on Thursday, August 1st. Finally, Bank of America downgraded shares of Molson Coors Brewing from a “buy” rating to an “underperform” rating in a research note on Monday, July 15th. Five analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Molson Coors Brewing has a consensus rating of “Hold” and an average target price of $63.33.
A number of hedge funds and other institutional investors have recently bought and sold shares of TAP. Icon Wealth Partners LLC acquired a new position in shares of Molson Coors Brewing in the first quarter worth about $27,000. Synovus Financial Corp purchased a new stake in Molson Coors Brewing during the 1st quarter valued at about $30,000. Ossiam purchased a new stake in shares of Molson Coors Brewing in the 2nd quarter valued at approximately $31,000. Capital Bank & Trust Co purchased a new stake in shares of Molson Coors Brewing in the 2nd quarter valued at approximately $39,000. Finally, Coastal Investment Advisors Inc. grew its stake in shares of Molson Coors Brewing by 62.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 293 shares during the period. Institutional investors own 76.27% of the company’s stock.
Shares of Molson Coors Brewing stock traded up $0.60 during trading on Friday, reaching $56.85. 52,342 shares of the stock traded hands, compared to its average volume of 1,440,765. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 11.27, a P/E/G ratio of 2.38 and a beta of 0.76. The business has a fifty day simple moving average of $52.74 and a two-hundred day simple moving average of $57.01. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.64 and a quick ratio of 0.47. Molson Coors Brewing has a 52-week low of $49.92 and a 52-week high of $67.62.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Friday, August 30th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, August 29th. This is an increase from Molson Coors Brewing’s previous quarterly dividend of $0.41. This represents a $2.28 dividend on an annualized basis and a yield of 4.01%. Molson Coors Brewing’s payout ratio is currently 45.24%.
About Molson Coors Brewing
Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.
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