Ambev SA (ABEV) Announces Quarterly Results
Ambev SA (NASDAQ:ABEV) issued its quarterly earnings data on Thursday. The company reported $0.06 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.07 by $0.01, AmericanBankingNews.com reports.
Ambev SA (NASDAQ:ABEV) traded down 4.95% on Thursday, hitting $6.91. 15,444,337 shares of the company’s stock traded hands. Ambev SA has a one year low of $6.23 and a one year high of $8.054. The stock has a 50-day moving average of $7.16 and a 200-day moving average of $7.19. The company has a market cap of $108.3 billion and a price-to-earnings ratio of 21.96.
The company also recently declared a special dividend, which is scheduled for Thursday, September 4th. Stockholders of record on Thursday, July 31st will be given a dividend of $0.0449 per share. The ex-dividend date of this dividend is Tuesday, July 29th.
Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Ambev SA from an “outperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. On a related note, analysts at Barclays set a $8.00 price target on shares of Ambev SA in a research note on Monday, June 9th. They now have an “overweight” rating on the stock. They noted that the move was a valuation call. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Ambev SA in a research note on Tuesday, June 3rd. They now have a $8.10 price target on the stock, up previously from $7.90. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $8.10.
Ambev SA, known as Inbev Participacoes Societarias SA, is a Brazil-based company engaged in the brewers sector.
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