Anheuser Busch (BUD) Set to Announce Quarterly Earnings on Thursday
Anheuser Busch (NYSE:BUD) is set to announce its Q312 earnings results on Thursday, October 31st. Analysts expect the company to announce earnings of $1.32 per share and revenue of $12.05 billion for the quarter.
Anheuser Busch (NYSE:BUD) traded down 1.52% during mid-day trading on Wednesday, hitting $102.75. 1,552,804 shares of the company’s stock traded hands. Anheuser Busch has a 52 week low of $81.60 and a 52 week high of $101.86. The stock has a 50-day moving average of $96.37 and a 200-day moving average of $94.96. The company has a market cap of $164.8 billion and a price-to-earnings ratio of 12.97.
A number of analysts have recently weighed in on BUD shares. Analysts at Nomura downgraded shares of Anheuser Busch from a “neutral” rating to a “reduce” rating in a research note to investors on Thursday, September 12th. On a related note, analysts at Deutsche Bank initiated coverage on shares of Anheuser Busch in a research note to investors on Thursday, August 1st. They set a “hold” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of Anheuser Busch from an “outperform” rating to a “buy” rating in a research note to investors on Thursday, August 1st. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and eight have issued a buy rating to the stock. Anheuser Busch currently has an average rating of “Hold” and an average target price of $84.20.
Anheuser-Busch InBev SA/NV is a brewing company. The Company produces, markets, distributes and sells a balanced portfolio of approximately 200 beer brands.
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