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

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

Anheuser-Busch InBev SA/NV Stock Up 3.5 %

Shares of NYSE:BUD traded up $2.12 during midday trading on Friday, hitting $63.38. The stock had a trading volume of 2,086,791 shares, compared to its average volume of 1,266,621. The company has a quick ratio of 0.48, a current ratio of 0.63 and a debt-to-equity ratio of 0.80. The business’s 50-day simple moving average is $60.72 and its 200-day simple moving average is $61.44. Anheuser-Busch InBev SA/NV has a 12 month low of $51.66 and a 12 month high of $67.49. The company has a market cap of $113.91 billion, a P/E ratio of 26.63, a PEG ratio of 1.70 and a beta of 1.10.

Analyst Ratings Changes

A number of research analysts recently issued reports on BUD shares. UBS Group upgraded Anheuser-Busch InBev SA/NV from a “neutral” rating to a “buy” rating in a report on Monday, June 24th. Morgan Stanley decreased their price target on shares of Anheuser-Busch InBev SA/NV from $70.00 to $68.50 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average 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.