Analysts expect that Molson Coors Brewing Co (NYSE:TAP) will announce sales of $2.60 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Molson Coors Brewing’s earnings, with the lowest sales estimate coming in at $2.58 billion and the highest estimate coming in at $2.64 billion. Molson Coors Brewing reported sales of $2.29 billion during the same quarter last year, which indicates a positive year-over-year growth rate of 13.5%. The business is expected to report its next quarterly earnings report on Tuesday, February 13th.

On average, analysts expect that Molson Coors Brewing will report full year sales of $2.60 billion for the current financial year, with estimates ranging from $11.00 billion to $11.06 billion. For the next year, analysts expect that the business will report sales of $11.18 billion per share, with estimates ranging from $11.10 billion to $11.22 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Molson Coors Brewing.

Molson Coors Brewing (NYSE:TAP) last released its quarterly earnings data on Wednesday, November 1st. The company reported $1.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The company had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.97 billion. During the same period in the previous year, the firm earned $1.03 earnings per share. Molson Coors Brewing’s revenue for the quarter was up 204.3% on a year-over-year basis.

Several equities research analysts have issued reports on the stock. Credit Suisse Group set a $92.00 price objective on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Friday, September 29th. BidaskClub upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Cowen reiterated a “hold” rating and set a $96.00 price objective on shares of Molson Coors Brewing in a research note on Thursday, September 28th. Deutsche Bank assumed coverage on shares of Molson Coors Brewing in a research note on Wednesday, December 13th. They set a “buy” rating and a $89.00 price objective for the company. Finally, Berenberg Bank assumed coverage on shares of Molson Coors Brewing in a research note on Wednesday, September 13th. They set a “sell” rating and a $78.00 price objective for the company. One analyst has rated the stock with a sell rating, seven have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $98.02.

Molson Coors Brewing (TAP) traded up $1.05 on Tuesday, reaching $80.85. 1,516,000 shares of the company’s stock traded hands, compared to its average volume of 1,586,774. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. Molson Coors Brewing has a 12 month low of $76.25 and a 12 month high of $102.14. The stock has a market capitalization of $17,188.92, a P/E ratio of 18.91, a P/E/G ratio of 2.34 and a beta of 0.83.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Thursday, November 30th were paid a $0.41 dividend. The ex-dividend date was Wednesday, November 29th. This represents a $1.64 annualized dividend and a dividend yield of 2.03%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 15.83%.

In other news, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total value of $79,150.00. Following the completion of the transaction, the chief financial officer now directly owns 22,839 shares in the company, valued at $1,807,706.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.76% of the stock is currently owned by corporate insiders.

Hedge funds have recently made changes to their positions in the company. FMR LLC raised its holdings in Molson Coors Brewing by 3.2% in the second quarter. FMR LLC now owns 18,229,807 shares of the company’s stock valued at $1,573,961,000 after acquiring an additional 562,180 shares in the last quarter. Vanguard Group Inc. raised its holdings in Molson Coors Brewing by 2.5% in the second quarter. Vanguard Group Inc. now owns 17,735,626 shares of the company’s stock valued at $1,531,294,000 after acquiring an additional 429,859 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Molson Coors Brewing by 33.2% in the second quarter. JPMorgan Chase & Co. now owns 16,058,334 shares of the company’s stock valued at $1,386,476,000 after acquiring an additional 4,001,480 shares in the last quarter. BlackRock Inc. raised its holdings in Molson Coors Brewing by 1.9% in the second quarter. BlackRock Inc. now owns 10,875,972 shares of the company’s stock valued at $939,033,000 after acquiring an additional 199,962 shares in the last quarter. Finally, Lazard Asset Management LLC raised its holdings in Molson Coors Brewing by 33.0% in the second quarter. Lazard Asset Management LLC now owns 10,538,919 shares of the company’s stock valued at $909,928,000 after acquiring an additional 2,616,561 shares in the last quarter. Institutional investors and hedge funds own 77.67% of the company’s stock.

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Molson Coors Brewing Company Profile

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

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