Compania Cervecerias Unidas (NYSE:CCU) Releases Earnings Results, Misses Expectations By $0.09 EPS

Compania Cervecerias Unidas (NYSE:CCU) released its quarterly earnings data on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.09), Zacks reports. The firm had revenue of $963.83 million for the quarter, compared to analyst estimates of $904.78 million. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%.

Compania Cervecerias Unidas Stock Performance

Shares of Compania Cervecerias Unidas stock traded down $0.19 on Thursday, hitting $13.54. The stock had a trading volume of 143,426 shares, compared to its average volume of 199,269. The company’s 50 day moving average price is $13.94 and its 200 day moving average price is $12.98. Compania Cervecerias Unidas has a 52-week low of $11.35 and a 52-week high of $15.75. The stock has a market cap of $2.50 billion, a price-to-earnings ratio of 17.58, a P/E/G ratio of 4.10 and a beta of 0.49. The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69.

Institutional Trading of Compania Cervecerias Unidas

Several hedge funds have recently modified their holdings of the business. Goldman Sachs Group Inc. acquired a new position in shares of Compania Cervecerias Unidas during the 1st quarter worth $579,000. Jane Street Group LLC acquired a new position in Compania Cervecerias Unidas during the first quarter worth about $194,000. Rhumbline Advisers increased its holdings in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after buying an additional 3,831 shares in the last quarter. American Century Companies Inc. increased its holdings in Compania Cervecerias Unidas by 172.2% in the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock valued at $2,244,000 after buying an additional 109,867 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Compania Cervecerias Unidas during the 2nd quarter valued at approximately $164,000. 24.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. JPMorgan Chase & Co. lifted their price target on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Finally, Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Compania Cervecerias Unidas presently has an average rating of “Reduce” and a consensus price target of $12.00.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.