FY2018 Earnings Estimate for Heineken NV Issued By Jefferies Group (HEINY)

Heineken NV (OTCMKTS:HEINY) – Equities research analysts at Jefferies Group raised their FY2018 earnings per share (EPS) estimates for Heineken in a research note issued to investors on Tuesday. Jefferies Group analyst E. Mundy now anticipates that the company will post earnings of $2.54 per share for the year, up from their prior forecast 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 upgraded Heineken from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th.

Shares of Heineken (OTCMKTS:HEINY) traded up $0.13 during trading on Wednesday, hitting $52.62. The stock had a trading volume of 3,952 shares, compared to its average volume of 43,355. Heineken has a fifty-two week low of $40.36 and a fifty-two week 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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