Anheuser Busch Inbev (NYSE:BUD) announced its quarterly earnings results on Tuesday, May 7th. The consumer goods maker reported $1.27 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.27, MarketWatch Earnings reports. The business had revenue of $12.59 billion for the quarter, compared to analyst estimates of $12.66 billion. Anheuser Busch Inbev had a net margin of 12.78% and a return on equity of 21.34%. The company’s revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.73 EPS.
NYSE BUD traded down $0.98 during trading hours on Friday, reaching $81.40. 1,810,887 shares of the company’s stock traded hands, compared to its average volume of 1,369,120. Anheuser Busch Inbev has a 52-week low of $64.54 and a 52-week high of $106.86. The stock has a market cap of $137.66 billion, a P/E ratio of 23.66, a price-to-earnings-growth ratio of 1.87 and a beta of 1.17. The company has a debt-to-equity ratio of 1.47, a current ratio of 0.53 and a quick ratio of 0.41.
The business also recently announced a semiannual dividend, which will be paid on Thursday, June 6th. Stockholders of record on Wednesday, May 8th will be given a $1.1152 dividend. This represents a dividend yield of 2.55%. This is a boost from Anheuser Busch Inbev’s previous semiannual dividend of $0.91. The ex-dividend date of this dividend is Tuesday, May 7th. Anheuser Busch Inbev’s dividend payout ratio (DPR) is currently 48.26%.
A number of brokerages have issued reports on BUD. Societe Generale began coverage on shares of Anheuser Busch Inbev in a report on Friday, February 1st. They issued a “hold” rating on the stock. Royal Bank of Canada lowered shares of Anheuser Busch Inbev from a “top pick” rating to a “sector perform” rating and set a $75.00 price target on the stock. in a report on Thursday, March 7th. Zacks Investment Research raised shares of Anheuser Busch Inbev from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 9th. Bank of America raised shares of Anheuser Busch Inbev from an “underperform” rating to a “neutral” rating and set a $91.00 target price for the company in a research report on Friday, April 5th. Finally, Barclays began coverage on shares of Anheuser Busch Inbev in a research report on Tuesday, April 2nd. They issued an “equal weight” rating and a $83.64 target price for the company. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $90.38.
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About Anheuser Busch Inbev
Anheuser-Busch InBev SA/NV, a brewing company, engages in the production, distribution, and sale of beer, alcoholic beverages, and soft drinks. The company offers a portfolio of approximately 500 beer brands, including Budweiser, Corona, and Stella Artois; Beck's, Castle, Castle Lite, Hoegaarden, and Leffe; and Aguila, Antarctica, Bud Light, Brahma, Cass, Cristal, Harbin, Jupiler, Michelob Ultra, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol.
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