Anheuser-Busch InBev SA/NV (NYSE:BUD) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD) released its quarterly earnings data on Thursday. The consumer goods maker reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06, Zacks reports. Anheuser-Busch InBev SA/NV had a net margin of 9.89% and a return on equity of 21.74%. The company had revenue of $15.33 billion during the quarter, compared to the consensus estimate of $15.21 billion. During the same quarter in the prior year, the firm earned $0.72 EPS.

Anheuser-Busch InBev SA/NV Price Performance

BUD traded up $2.12 on Friday, hitting $63.38. 2,086,791 shares of the company were exchanged, compared to its average volume of 1,266,621. The business’s fifty day moving average is $60.72 and its 200 day moving average is $61.44. Anheuser-Busch InBev SA/NV has a fifty-two week low of $51.66 and a fifty-two week high of $67.49. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The firm has a market capitalization of $113.91 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 1.70 and a beta of 1.10.

Analyst Ratings Changes

A number of brokerages have recently weighed in on BUD. UBS Group upgraded shares of Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley lowered their target price on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $72.13.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.