Wall Street brokerages expect Anheuser Busch Inbev NV (NYSE:BUD) to post $14.51 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Anheuser Busch Inbev’s earnings, with the highest sales estimate coming in at $14.52 billion and the lowest estimate coming in at $14.50 billion. Anheuser Busch Inbev reported sales of $14.20 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 2.2%. The firm is expected to issue its next quarterly earnings report on Thursday, March 1st.
On average, analysts expect that Anheuser Busch Inbev will report full-year sales of $14.51 billion for the current fiscal year, with estimates ranging from $56.22 billion to $56.36 billion. For the next fiscal year, analysts anticipate that the firm will post sales of $57.59 billion per share, with estimates ranging from $57.05 billion to $58.24 billion. Zacks’ sales averages are a mean average based on a survey of research firms that follow Anheuser Busch Inbev.
Anheuser Busch Inbev (NYSE:BUD) last issued its quarterly earnings results on Thursday, October 26th. The consumer goods maker reported $1.31 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.50 by ($0.19). Anheuser Busch Inbev had a return on equity of 16.57% and a net margin of 9.57%. The business had revenue of $14.74 billion during the quarter, compared to analysts’ expectations of $15 billion. During the same quarter in the previous year, the company posted $0.83 EPS. The company’s quarterly revenue was up 26.0% on a year-over-year basis.
A number of equities research analysts have issued reports on the company. Susquehanna Bancshares set a $129.00 price target on Anheuser Busch Inbev and gave the stock a “hold” rating in a research note on Wednesday, October 25th. Societe Generale lowered Anheuser Busch Inbev from a “hold” rating to a “sell” rating in a research note on Monday, November 6th. Deutsche Bank upgraded Anheuser Busch Inbev from a “hold” rating to a “buy” rating in a research note on Wednesday. JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Anheuser Busch Inbev in a research note on Tuesday, December 5th. Finally, Zacks Investment Research upgraded Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a research note on Friday, January 12th. Four analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Anheuser Busch Inbev has an average rating of “Hold” and a consensus price target of $126.53.
Several institutional investors have recently modified their holdings of the company. Ingalls & Snyder LLC grew its position in shares of Anheuser Busch Inbev by 13.4% during the fourth quarter. Ingalls & Snyder LLC now owns 20,889 shares of the consumer goods maker’s stock valued at $2,330,000 after purchasing an additional 2,465 shares in the last quarter. GW&K Investment Management LLC purchased a new position in shares of Anheuser Busch Inbev during the fourth quarter valued at about $638,000. Diversified Trust Co purchased a new position in shares of Anheuser Busch Inbev during the fourth quarter valued at about $237,000. Fox Run Management L.L.C. bought a new position in shares of Anheuser Busch Inbev in the 4th quarter valued at about $467,000. Finally, Creative Planning lifted its holdings in shares of Anheuser Busch Inbev by 40.3% in the 4th quarter. Creative Planning now owns 22,141 shares of the consumer goods maker’s stock valued at $2,470,000 after acquiring an additional 6,365 shares during the last quarter. Hedge funds and other institutional investors own 5.67% of the company’s stock.
Shares of Anheuser Busch Inbev (BUD) traded up $0.09 during mid-day trading on Thursday, reaching $115.23. The company’s stock had a trading volume of 1,070,000 shares, compared to its average volume of 1,500,000. Anheuser Busch Inbev has a 1-year low of $103.55 and a 1-year high of $126.50. The company has a debt-to-equity ratio of 1.30, a current ratio of 0.82 and a quick ratio of 0.71. The stock has a market cap of $195,520.00, a price-to-earnings ratio of 43.81, a PEG ratio of 1.47 and a beta of 1.04.
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Anheuser Busch Inbev Company Profile
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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