Ambev (NYSE:ABEV) Posts Quarterly Earnings Results

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

Ambev Price Performance

Shares of NYSE ABEV traded up $0.09 during mid-day trading on Wednesday, reaching $1.98. 3,074,423 shares of the company were exchanged, compared to its average volume of 38,588,652. The stock has a market capitalization of $31.11 billion, a PE ratio of 10.97, a PEG ratio of 5.80 and a beta of 1.04. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev has a 52 week low of $1.76 and a 52 week high of $2.72. The company’s 50 day moving average price is $1.86 and its 200 day moving average price is $2.14.

Ambev Cuts Dividend

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

Analyst Ratings Changes

A number of brokerages recently issued reports on ABEV. StockNews.com assumed coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating on the stock. Bank of America cut shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Barclays cut their price objective on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a report on Tuesday, January 21st. Finally, Citigroup reissued a “neutral” rating on shares of Ambev in a report on Wednesday, January 22nd. Four analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.