Ambev (NYSE:ABEV) Posts Quarterly Earnings Results

Ambev (NYSE:ABEV) announced its quarterly earnings data on Wednesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Ambev had a return on equity of 16.12% and a net margin of 17.02%.

Ambev Trading Up 4.5 %

Shares of NYSE ABEV traded up $0.09 during trading hours on Wednesday, hitting $1.98. The company’s stock had a trading volume of 3,074,423 shares, compared to its average volume of 38,588,652. The business has a 50-day simple moving average of $1.86 and a 200-day simple moving average of $2.14. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 5.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev has a 12 month low of $1.76 and a 12 month high of $2.72.

Ambev Cuts Dividend

The company also recently announced an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were issued a dividend of $0.0414 per share. The ex-dividend date was Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is currently 38.89%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Barclays decreased their price objective on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com assumed coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating on the stock. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $2.45.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.