FY2018 EPS Estimates for Heineken NV Raised by Jefferies Group (HEINY)

Heineken NV (OTCMKTS:HEINY) – Investment analysts at Jefferies Group upped their FY2018 EPS estimates for shares of Heineken in a note issued to investors on Tuesday. Jefferies Group analyst E. Mundy now expects that the company will post earnings of $2.54 per share for the year, up from their previous estimate of $2.46. Jefferies Group has a “Buy” rating on the stock. Jefferies Group also issued estimates for Heineken’s FY2019 earnings at $2.77 EPS and FY2020 earnings at $3.01 EPS.

Separately, Zacks Investment Research raised shares of Heineken from a “sell” rating to a “hold” rating in a research note on Wednesday, December 6th.

Heineken (OTCMKTS:HEINY) traded up $0.99 during midday trading on Wednesday, reaching $52.32. 4,698 shares of the company were exchanged, compared to its average volume of 43,774. Heineken has a twelve month low of $39.74 and a twelve month high of $56.95.

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About Heineken

Heineken N.V. engages in brewing and selling beer. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Affligem, Tiger, Tecate, Krusovice, and Red Stripe brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Blind Pig, Stassen, Bulmers, Old Mout, and Orchard Thieves brands.

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