Carlsberg A/S Forecasted to Post FY2023 Earnings of $1.83 Per Share (OTCMKTS:CABGY)


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Carlsberg A/S (OTCMKTS:CABGY) – Jefferies Financial Group dropped their FY2023 earnings per share estimates for shares of Carlsberg A/S in a research report issued to clients and investors on Tuesday, April 6th. Jefferies Financial Group analyst E. Mundy now forecasts that the company will post earnings per share of $1.83 for the year, down from their previous estimate of $1.85.

Several other equities research analysts have also recently commented on CABGY. Barclays reaffirmed an “overweight” rating on shares of Carlsberg A/S in a research report on Monday, February 8th. Berenberg Bank reissued a “buy” rating on shares of Carlsberg A/S in a research report on Tuesday, February 9th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Carlsberg A/S in a research report on Wednesday, March 17th. Zacks Investment Research cut shares of Carlsberg A/S from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Royal Bank of Canada cut shares of Carlsberg A/S from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, February 9th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eleven have issued a buy rating to the company. Carlsberg A/S currently has an average rating of “Buy” and a consensus price target of $28.00.

OTCMKTS:CABGY opened at $31.96 on Thursday. The company has a 50-day moving average price of $31.85 and a 200-day moving average price of $30.09. Carlsberg A/S has a 12 month low of $22.32 and a 12 month high of $33.08. The company has a current ratio of 0.67, a quick ratio of 0.52 and a debt-to-equity ratio of 0.69. The stock has a market cap of $23.65 billion, a price-to-earnings ratio of 26.19 and a beta of 0.87.

The business also recently declared an annual dividend, which was paid on Thursday, March 25th. Stockholders of record on Wednesday, March 17th were paid a $0.481 dividend. The ex-dividend date of this dividend was Tuesday, March 16th. This is a positive change from Carlsberg A/S’s previous annual dividend of $0.42. This represents a dividend yield of 1.53%. Carlsberg A/S’s payout ratio is currently 39.34%.

Carlsberg A/S Company Profile

Carlsberg A/S engages in the production and sale of beer and other beverage products in Western Europe, Eastern Europe, and Asia. It offers core, and craft and specialty beers; and alcohol-free brews. The company provides its products primarily under the Carlsberg, Tuborg, Ringnes, Lvivske, Wusu, 1664 Blanc, Grimbergen, Baltika, and other brand names.

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Earnings History and Estimates for Carlsberg A/S (OTCMKTS:CABGY)

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