Molson Coors Brewing (TAP) Releases Quarterly Earnings Results
Molson Coors Brewing (NYSE:TAP) announced its earnings results on Thursday. The company reported $1.32 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.72 by $0.60, Analyst Ratings Network reports. The company had revenue of $1.80 billion for the quarter, compared to the consensus estimate of $1.01 billion.
A number of research firms have recently commented on TAP. Analysts at Socgen initiated coverage on shares of Molson Coors Brewing in a research note on Friday, January 31st. They set a “sell” rating on the stock. On the ratings front, analysts at Societe Generale initiated coverage on shares of Molson Coors Brewing in a research note on Thursday, January 30th. They set a “sell” rating on the stock. Finally, analysts at BTIG Research initiated coverage on shares of Molson Coors Brewing in a research note on Wednesday, January 29th. They set a “buy” rating on the stock. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. Molson Coors Brewing has a consensus rating of “Hold” and an average price target of $57.83.
Shares of Molson Coors Brewing (NYSE:TAP) opened at 53.10 on Thursday. Molson Coors Brewing has a one year low of $43.38 and a one year high of $57.18. The stock has a 50-day moving average of $54.40 and a 200-day moving average of $52.62. The company has a market cap of $9.763 billion and a price-to-earnings ratio of 19.72.
Molson Coors Brewing Company (NYSE:TAP) is a holding company.
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