Molson Coors Beverage (TAP) Scheduled to Post Quarterly Earnings on Tuesday

Molson Coors Beverage (NYSE:TAP) will be releasing its earnings data before the market opens on Tuesday, August 6th. Analysts expect Molson Coors Beverage to post earnings of $1.74 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Molson Coors Beverage Price Performance

Shares of TAP opened at $52.89 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.47 and a current ratio of 0.69. The stock has a 50 day simple moving average of $51.85 and a 200 day simple moving average of $58.85. Molson Coors Beverage has a 52-week low of $49.19 and a 52-week high of $69.18. The firm has a market capitalization of $11.21 billion, a PE ratio of 10.58, a P/E/G ratio of 2.26 and a beta of 0.81.

Molson Coors Beverage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Investors of record on Friday, August 30th will be given a $0.44 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $1.76 annualized dividend and a dividend yield of 3.33%. Molson Coors Beverage’s dividend payout ratio is presently 35.20%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on TAP. StockNews.com lowered Molson Coors Beverage from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Jefferies Financial Group cut their target price on Molson Coors Beverage from $61.00 to $57.00 and set a “hold” rating on the stock in a research note on Thursday, July 18th. Wells Fargo & Company cut their target price on Molson Coors Beverage from $55.00 to $50.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft cut their target price on Molson Coors Beverage from $62.00 to $56.00 and set a “hold” rating on the stock in a research note on Thursday, July 25th. Finally, Bank of America cut their target price on Molson Coors Beverage from $62.00 to $54.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 10th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Molson Coors Beverage has an average rating of “Hold” and a consensus target price of $60.29.

About Molson Coors Beverage

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.