Beam Given Consensus Recommendation of “Hold” by Analysts (NASDAQ:BEAM)
Shares of Beam (NASDAQ:BEAM) have earned a consensus rating of “Hold” from the fourteen analysts that are currently covering the stock, Analyst Ratings Net reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $79.38.
A number of analysts have recently weighed in on BEAM shares. Analysts at Jefferson Research upgraded shares of Beam from a “sell” rating to a “hold” rating in a research note on Friday. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Beam to $83.50 in a research note on Friday, February 7th. Finally, analysts at Argus downgraded shares of Beam from a “hold” rating to a “sell” rating in a research note on Thursday, January 16th.
Beam (NASDAQ:BEAM) traded up 0.04% during mid-day trading on Friday, hitting $83.24. The stock had a trading volume of 655,801 shares. Beam has a 1-year low of $59.66 and a 1-year high of $84.00. The stock’s 50-day moving average is $79.88 and its 200-day moving average is $69.55. The company has a market cap of $13.618 billion and a P/E ratio of 37.45.
Beam (NASDAQ:BEAM) last posted its quarterly earnings results on Wednesday, February 5th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.05. The company had revenue of $739.50 million for the quarter, compared to the consensus estimate of $735.47 million. During the same quarter in the previous year, the company posted $0.67 earnings per share. The company’s revenue for the quarter was up 4.3% on a year-over-year basis. Analysts expect that Beam will post $2.85 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 3rd. Shareholders of record on Thursday, February 6th will be given a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend is Tuesday, February 4th.
Beam Inc (NASDAQ:BEAM) is a premium spirits company that makes and sells branded distilled spirits products in markets worldwide.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.