Ambev (NYSE:ABEV) Issues Earnings Results, Meets Expectations

Ambev (NYSE:ABEV) posted its quarterly earnings results on Thursday. The company reported $0.03 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.03, Zacks reports. Ambev had a net margin of 18.25% and a return on equity of 17.53%. The firm had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.56 billion. During the same quarter in the previous year, the business posted $0.03 earnings per share.

Ambev Stock Up 1.0 %

Shares of NYSE ABEV traded up $0.02 during mid-day trading on Friday, reaching $2.07. The company had a trading volume of 19,422,054 shares, compared to its average volume of 14,994,708. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.69 and a current ratio of 0.99. Ambev has a twelve month low of $2.01 and a twelve month high of $3.11. The stock’s 50 day moving average is $2.13 and its 200-day moving average is $2.36. The stock has a market capitalization of $32.61 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06.

Wall Street Analyst Weigh In

ABEV has been the topic of a number of recent research reports. StockNews.com upgraded Ambev from a “buy” rating to a “strong-buy” rating in a report on Wednesday. Barclays dropped their price target on Ambev from $3.00 to $2.50 and set an “equal weight” rating on the stock in a research note on Thursday, May 9th. Finally, UBS Group cut their price target on shares of Ambev from $3.20 to $2.90 and set a “buy” rating on the stock in a report on Wednesday. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.75.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, 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, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.