Anheuser Busch (BUD) Posts Quarterly Earnings, Misses Expectations By $0.21 EPS
Anheuser Busch (NYSE:BUD) announced its earnings results on Wednesday. The company reported $0.87 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.08 by $0.21, StockRatingsNetwork.com reports. The company had revenue of $10.61 billion for the quarter, compared to the consensus estimate of $10.44 billion. The company’s quarterly revenue was up 15.7% on a year-over-year basis.
A number of analysts have recently weighed in on BUD shares. Analysts at ING Group upgraded shares of Anheuser Busch from a “hold” rating to a “buy” rating in a research note on Tuesday, March 11th. On a related note, analysts at Tigress Financial initiated coverage on shares of Anheuser Busch in a research note on Friday, February 28th. They set a “neutral” rating on the stock. Finally, analysts at Goldman Sachs upgraded shares of Anheuser Busch from a “sell” rating to a “buy” rating in a research note on Tuesday, February 25th. They now have a $1.31 price target on the stock. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. Anheuser Busch currently has a consensus rating of “Buy” and a consensus target price of $1.31.
Anheuser Busch (NYSE:BUD) traded up 1.33% on Wednesday, hitting $107.88. The stock had a trading volume of 918,913 shares. Anheuser Busch has a 52 week low of $83.94 and a 52 week high of $111.38. The stock’s 50-day moving average is $106.2 and its 200-day moving average is $103.2. The company has a market cap of $173.3 billion and a P/E ratio of 12.21.
The company also recently announced a semiannual dividend, which is scheduled for Monday, May 19th. Shareholders of record on Friday, May 2nd will be paid a dividend of $1.9998 per share. This represents a dividend yield of 3.78%. The ex-dividend date is Wednesday, April 30th.
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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