Anheuser Busch Inbev NV (NYSE:BUD) announced its quarterly earnings data on Thursday. The company reported $0.43 EPS for the quarter, missing analysts’ consensus estimates of $1.03 by $0.60. The firm had revenue of $14.20 billion for the quarter, compared to the consensus estimate of $14.04 billion. During the same period in the previous year, the business posted $1.56 earnings per share. Anheuser Busch Inbev NV’s revenue for the quarter was up 1.1% on a year-over-year basis.
Shares of Anheuser Busch Inbev NV (NYSE:BUD) traded down 0.50% during mid-day trading on Friday, reaching $109.94. 1,470,536 shares of the company’s stock traded hands. The firm has a 50-day moving average of $108.36 and a 200 day moving average of $112.20. Anheuser Busch Inbev NV has a 12-month low of $98.28 and a 12-month high of $136.08. The company has a market cap of $212.59 billion and a P/E ratio of 155.50.
BUD has been the subject of a number of analyst reports. HSBC Holdings plc downgraded shares of Anheuser Busch Inbev NV from a “buy” rating to a “hold” rating in a research report on Tuesday, January 31st. Vetr downgraded shares of Anheuser Busch Inbev NV from a “buy” rating to a “hold” rating and set a $109.86 price objective for the company. in a research report on Tuesday, March 7th. Zacks Investment Research cut shares of Anheuser Busch Inbev NV from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 8th. Bank of America Corp cut shares of Anheuser Busch Inbev NV from a “buy” rating to a “neutral” rating and cut their target price for the stock from $120.00 to $115.00 in a research note on Thursday, March 2nd. Finally, Investec cut shares of Anheuser Busch Inbev NV from a “buy” rating to a “hold” rating in a research note on Thursday, December 29th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have given a buy rating to the company’s stock. Anheuser Busch Inbev NV currently has an average rating of “Hold” and a consensus target price of $125.61.
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About Anheuser Busch Inbev NV
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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