Anheuser-Busch InBev SA/NV (NYSE:BUD) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD) announced its quarterly earnings data on Wednesday. The consumer goods maker reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.13, Zacks reports. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%.

Anheuser-Busch InBev SA/NV Stock Up 7.8 %

Anheuser-Busch InBev SA/NV stock traded up $4.29 during midday trading on Wednesday, reaching $59.06. The stock had a trading volume of 3,640,251 shares, compared to its average volume of 2,290,183. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. The firm’s fifty day simple moving average is $49.98 and its 200-day simple moving average is $56.76. The stock has a market capitalization of $106.14 billion, a P/E ratio of 18.23, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49.

Wall Street Analyst Weigh In

Separately, TD Cowen decreased their target price on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research report on Wednesday, January 8th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $64.00.

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.