Molson Coors Brewing (TAP) Set to Announce Earnings on Wednesday

Molson Coors Brewing (NYSE:TAP) is set to post its quarterly earnings results before the market opens on Wednesday, February 14th. Analysts expect Molson Coors Brewing to post earnings of $0.56 per share for the quarter.

Molson Coors Brewing (NYSE:TAP) opened at $77.98 on Wednesday. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $17,990.00, a P/E ratio of 7.51, a PEG ratio of 2.17 and a beta of 0.79. Molson Coors Brewing has a 52-week low of $76.25 and a 52-week high of $102.14.

In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction that occurred on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total value of $4,726,811.03. Following the completion of the sale, the chairman now directly owns 319,222 shares in the company, valued at $27,137,062.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the sale, the chief financial officer now owns 22,839 shares of the company’s stock, valued at $1,807,706.85. The disclosure for this sale can be found here. Corporate insiders own 2.76% of the company’s stock.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus reiterated a “buy” rating and set a $112.00 price objective on shares of Molson Coors Brewing in a research report on Friday, February 2nd. BMO Capital Markets began coverage on Molson Coors Brewing in a research report on Monday. They issued an “outperform” rating and a $95.00 target price for the company. Susquehanna Bancshares set a $108.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price for the company in a research report on Tuesday, January 2nd. Finally, Morgan Stanley began coverage on Molson Coors Brewing in a research report on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Molson Coors Brewing currently has a consensus rating of “Hold” and an average target price of $96.55.

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About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Earnings History for Molson Coors Brewing (NYSE:TAP)

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