Anheuser Busch (BUD) Posts Quarterly Earnings Results, Beats Estimates By $0.26 EPS
Anheuser Busch (NYSE:BUD) released its earnings data on Thursday. The company reported $1.60 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.34 by $0.26, Analyst Ratings.Net reports. The company had revenue of $12.20 billion for the quarter, compared to the consensus estimate of $12.20 billion. During the same quarter in the prior year, the company posted $0.93 earnings per share. The company’s quarterly revenue was up 15.2% on a year-over-year basis.
Shares of Anheuser Busch (NYSE:BUD) traded down 1.39% during mid-day trading on Thursday, hitting $108.16. The stock had a trading volume of 909,638 shares. Anheuser Busch has a 52-week low of $92.76 and a 52-week high of $116.65. The stock’s 50-day moving average is $113.1 and its 200-day moving average is $106.9. The company has a market cap of $173.7 billion and a price-to-earnings ratio of 13.26. Anheuser Busch also was the target of a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 896,018 shares, a decrease of 34.1% from the June 30th total of 1,360,647 shares. Based on an average daily trading volume, of 790,270 shares, the short-interest ratio is currently 1.1 days. Approximately 0.1% of the company’s shares are sold short.
On the ratings front, analysts at Bank of America upgraded shares of Anheuser Busch from a “neutral” rating to a “buy” rating in a research note on Thursday, May 8th. One investment 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 an average rating of “Buy” and an average target price of $1.31.
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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