Anheuser-Busch InBev SA/NV (NYSE:BUD) Issues Quarterly Earnings Results

Anheuser-Busch InBev SA/NV (NYSE:BUD) released its quarterly earnings results on Wednesday. The consumer goods maker reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.13, Zacks reports. Anheuser-Busch InBev SA/NV had a return on equity of 15.29% and a net margin of 10.98%.

Anheuser-Busch InBev SA/NV Price Performance

Shares of Anheuser-Busch InBev SA/NV stock traded up $4.39 on Wednesday, hitting $59.16. 3,295,394 shares of the company were exchanged, compared to its average volume of 2,283,358. The company has a quick ratio of 0.51, a current ratio of 0.69 and a debt-to-equity ratio of 0.85. Anheuser-Busch InBev SA/NV has a 1-year low of $45.94 and a 1-year high of $67.49. The company has a 50-day moving average price of $49.98 and a 200 day moving average price of $56.76. The stock has a market capitalization of $106.33 billion, a price-to-earnings ratio of 18.25, a price-to-earnings-growth ratio of 1.73 and a beta of 1.08.

Analysts Set New Price Targets

Separately, TD Cowen decreased their price target on Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of $64.00.

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.