Ambev (NYSE:ABEV) Releases Earnings Results

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

Ambev Stock Performance

NYSE:ABEV traded up $0.02 on Friday, hitting $2.07. The stock had a trading volume of 19,422,054 shares, compared to its average volume of 14,994,708. The business’s 50-day simple moving average is $2.13 and its two-hundred day simple moving average is $2.36. The stock has a market cap of $32.61 billion, a price-to-earnings ratio of 10.90, a price-to-earnings-growth ratio of 3.16 and a beta of 1.06. Ambev has a 52-week low of $2.01 and a 52-week high of $3.11. The company has a quick ratio of 0.69, a current ratio of 0.99 and a debt-to-equity ratio of 0.02.

Analysts Set New Price Targets

ABEV has been the topic of a number of research reports. Barclays lowered their price objective 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. UBS Group dropped their target price on shares of Ambev from $3.20 to $2.90 and set a “buy” rating for the company in a research report on Wednesday. Finally, StockNews.com upgraded Ambev from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Ambev presently has a consensus rating of “Moderate Buy” and an average target price 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.