Ambev (NYSE:ABEV) Issues Earnings Results

Ambev (NYSE:ABEV) announced its quarterly earnings data on Wednesday. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. Ambev had a net margin of 17.02% and a return on equity of 16.12%.

Ambev Stock Up 5.0 %

ABEV stock opened at $1.99 on Thursday. Ambev has a twelve month low of $1.76 and a twelve month high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The stock’s 50 day moving average is $1.86 and its 200-day moving average is $2.14. The firm has a market capitalization of $31.27 billion, a PE ratio of 11.03, a P/E/G ratio of 5.80 and a beta of 1.04.

Ambev Cuts Dividend

The business also recently announced an annual dividend, which was paid on Thursday, January 9th. Stockholders of record on Monday, December 23rd were issued a $0.0414 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 1.93%. Ambev’s dividend payout ratio is presently 38.89%.

Analysts Set New Price Targets

A number of brokerages have commented on ABEV. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. StockNews.com began coverage on Ambev in a research note on Monday, January 27th. They issued a “buy” rating for the company. Bank of America cut Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, Barclays dropped their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, Ambev presently has a consensus rating of “Hold” and a consensus price target of $2.45.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.