Compania Cervecerias Unidas (NYSE:CCU) Releases Quarterly Earnings Results, Meets Estimates

Compania Cervecerias Unidas (NYSE:CCU) released its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.09, FiscalAI reports. Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%.

Compania Cervecerias Unidas Stock Up 6.6%

Shares of NYSE CCU traded up $0.69 during midday trading on Wednesday, reaching $11.06. 46,321 shares of the company’s stock were exchanged, compared to its average volume of 173,091. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. Compania Cervecerias Unidas has a 52-week low of $10.14 and a 52-week high of $15.36. The business’s fifty day moving average price is $11.12 and its two-hundred day moving average price is $11.91. The stock has a market capitalization of $2.04 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 1.02 and a beta of 0.51.

Wall Street Analysts Forecast Growth

CCU has been the topic of a number of recent analyst reports. Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. HSBC cut shares of Compania Cervecerias Unidas from a “buy” rating to a “reduce” rating and lowered their price objective for the company from $15.00 to $10.00 in a research note on Monday, September 21st. Finally, Weiss Ratings downgraded Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One research analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Strong Sell” and a consensus target price of $11.50.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.