Ambev (NYSE:ABEV) Posts Earnings Results, Misses Estimates By $0.01 EPS

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

Ambev Trading Up 5.0 %

NYSE ABEV opened at $1.99 on Thursday. The business has a 50 day simple moving average of $1.86 and a 200 day simple moving average of $2.14. Ambev has a one year low of $1.76 and a one year high of $2.72. The stock has a market capitalization of $31.27 billion, a P/E ratio of 11.03, a P/E/G ratio of 5.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89.

Ambev Cuts Dividend

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

Analysts Set New Price Targets

ABEV has been the topic of a number of research reports. Bank of America lowered Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Barclays reduced 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. Citigroup restated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, StockNews.com assumed coverage on Ambev in a research report on Monday, January 27th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Ambev presently has a consensus rating of “Hold” and an average target price of $2.45.

Ambev Company Profile

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.