Wall Street brokerages expect that Molson Coors Brewing Company (NYSE:TAP) will announce sales of $2.58 billion for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Molson Coors Brewing ‘s earnings. Molson Coors Brewing posted sales of $2.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 12.7%. The firm is scheduled to announce its next earnings results on Tuesday, February 13th.
On average, analysts expect that Molson Coors Brewing will report full-year sales of $2.58 billion for the current financial year, with estimates ranging from $11.00 billion to $11.01 billion. For the next fiscal year, analysts expect that the company will post sales of $11.16 billion per share, with estimates ranging from $11.10 billion to $11.21 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover Molson Coors Brewing .
Molson Coors Brewing (NYSE:TAP) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The business had revenue of $2.88 billion for the quarter, compared to analyst estimates of $2.97 billion. During the same quarter in the prior year, the business earned $1.03 EPS. Molson Coors Brewing ‘s quarterly revenue was up 204.3% on a year-over-year basis.
A number of research analysts recently commented on TAP shares. Susquehanna Bancshares Inc reiterated a “buy” rating on shares of Molson Coors Brewing in a research note on Wednesday, October 11th. Citigroup Inc. decreased their target price on shares of Molson Coors Brewing from $106.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, November 3rd. Berenberg Bank initiated coverage on shares of Molson Coors Brewing in a research report on Wednesday, September 13th. They set a “sell” rating and a $78.00 target price on the stock. BidaskClub upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research lowered shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. Molson Coors Brewing has a consensus rating of “Hold” and an average target price of $98.92.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bessemer Group Inc. boosted its position in shares of Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock worth $106,000 after acquiring an additional 140 shares in the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Molson Coors Brewing during the 3rd quarter worth approximately $103,000. Krilogy Financial LLC boosted its position in shares of Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after acquiring an additional 1,301 shares in the last quarter. Sun Life Financial INC boosted its position in shares of Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock worth $117,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Molson Coors Brewing by 30.4% during the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock worth $134,000 after acquiring an additional 364 shares in the last quarter. Institutional investors and hedge funds own 79.06% of the company’s stock.
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Shares of Molson Coors Brewing (NYSE TAP) traded down $0.19 on Friday, reaching $80.34. 1,292,000 shares of the company were exchanged, compared to its average volume of 1,590,721. Molson Coors Brewing has a twelve month low of $78.10 and a twelve month high of $102.14. The firm has a market cap of $17,298.41, a price-to-earnings ratio of 19.04, a P/E/G ratio of 2.36 and a beta of 0.86. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.54 and a current ratio of 0.69.
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.
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