Anheuser Busch (BUD) Announces Quarterly Results
Anheuser Busch (NYSE:BUD) posted its quarterly earnings results on Thursday. The company reported $0.73 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.32 by $0.59, American Banking and Market News reports. The company had revenue of $8.46 billion for the quarter, compared to the consensus estimate of $8.04 billion. The company’s quarterly revenue was up 14.2% on a year-over-year basis.
Shares of Anheuser Busch (NYSE:BUD) traded up 1.33% on Thursday, hitting $104.61. 985,632 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 $100.1 and a 200-day moving average of $95.74. The company has a market cap of $167.8 billion and a price-to-earnings ratio of 12.83.
On a related note, 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. Three research analysts have rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus 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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