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

Molson Coors Beverage (NYSE:TAP) will be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $1.74 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Molson Coors Beverage Stock Performance

NYSE:TAP opened at $52.89 on Monday. The company has a current ratio of 0.69, a quick ratio of 0.47 and a debt-to-equity ratio of 0.40. The firm has a 50-day moving average price of $51.85 and a two-hundred day moving average price of $58.85. Molson Coors Beverage has a twelve month low of $49.19 and a twelve month high of $69.18. The company has a market capitalization of $11.21 billion, a P/E ratio of 10.58, a price-to-earnings-growth ratio of 2.26 and a beta of 0.81.

Molson Coors Beverage Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 20th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.44 per share. The ex-dividend date is Friday, August 30th. This represents a $1.76 annualized dividend and a yield of 3.33%. Molson Coors Beverage’s dividend payout ratio (DPR) is currently 35.20%.

Wall Street Analyst Weigh In

TAP has been the subject of several recent research reports. Citigroup dropped their target price on shares of Molson Coors Beverage from $53.00 to $47.00 and set a “sell” rating for the company in a report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Molson Coors Beverage from $62.00 to $56.00 and set a “hold” rating for the company in a report on Thursday, July 25th. Evercore ISI lowered their price target on shares of Molson Coors Beverage from $70.00 to $68.00 and set an “outperform” rating for the company in a report on Wednesday, May 1st. UBS Group lowered their price target on shares of Molson Coors Beverage from $70.00 to $64.00 and set a “neutral” rating for the company in a report on Wednesday, May 1st. Finally, Barclays downgraded shares of Molson Coors Beverage from an “equal weight” rating to an “underweight” rating and lowered their price target for the stock from $55.00 to $47.00 in a report on Thursday, July 18th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $60.29.

Molson Coors Beverage Company Profile

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.