Zacks: Brokerages Anticipate Molson Coors Brewing Company (TAP) to Post $0.59 EPS
Wall Street analysts expect Molson Coors Brewing Company (NYSE:TAP) to post earnings per share of $0.59 for the current quarter, according to Zacks. Two analysts have issued estimates for Molson Coors Brewing’s earnings, with estimates ranging from $0.52 to $0.69. Molson Coors Brewing reported earnings per share of $0.46 during the same quarter last year, which would indicate a positive year over year growth rate of 28.3%. The business is scheduled to issue its next earnings report on Tuesday, February 13th.
According to Zacks, analysts expect that Molson Coors Brewing will report full year earnings of $4.35 per share for the current year, with EPS estimates ranging from $4.28 to $4.45. For the next fiscal year, analysts expect that the company will post earnings of $4.75 per share, with EPS estimates ranging from $4.63 to $4.84. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Molson Coors Brewing.
Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, November 1st. The company reported $1.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.34. Molson Coors Brewing had a net margin of 17.04% and a return on equity of 7.54%. The firm had revenue of $2.88 billion during the quarter, compared to analysts’ expectations of $2.97 billion. During the same period last year, the company posted $1.03 EPS. The company’s quarterly revenue was up 204.3% compared to the same quarter last year.
Several equities research analysts have recently commented on TAP shares. BidaskClub raised shares of Molson Coors Brewing from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Susquehanna Bancshares set a $118.00 target price on shares of Molson Coors Brewing and gave the stock a “buy” rating in a research report on Tuesday, August 29th. Berenberg Bank started coverage on shares of Molson Coors Brewing in a research report on Wednesday, September 13th. They issued a “sell” rating and a $78.00 target price for the company. Cowen reaffirmed a “hold” rating and issued a $96.00 target price on shares of Molson Coors Brewing in a research report on Thursday, September 28th. Finally, Credit Suisse Group set a $92.00 target price on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research report on Friday, September 29th. One analyst has rated the stock with a sell rating, seven have given a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $98.02.
Shares of Molson Coors Brewing (NYSE TAP) opened at $79.80 on Friday. Molson Coors Brewing has a 12-month low of $76.25 and a 12-month high of $102.14. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.69 and a quick ratio of 0.54. The company has a market cap of $17,096.30, a PE ratio of 18.81, a PEG ratio of 2.32 and a beta of 0.83.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors 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 2.06%. Molson Coors Brewing’s payout ratio is 15.83%.
In related news, CFO Tracey Joubert sold 1,000 shares of the stock in a transaction dated 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 approximately $1,807,706.85. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.76% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in TAP. Dupont Capital Management Corp bought a new stake in Molson Coors Brewing during the 3rd quarter valued at about $103,000. Bessemer Group Inc. increased its stake in Molson Coors Brewing by 12.8% during the 2nd quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $106,000 after purchasing an additional 140 shares in the last quarter. Krilogy Financial LLC increased its stake in Molson Coors Brewing by 4,646.4% during the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock valued at $115,000 after purchasing an additional 1,301 shares in the last quarter. Sun Life Financial INC increased its stake in Molson Coors Brewing by 14,900.0% during the 2nd quarter. Sun Life Financial INC now owns 1,350 shares of the company’s stock valued at $117,000 after purchasing an additional 1,341 shares in the last quarter. Finally, Penserra Capital Management LLC increased its stake in Molson Coors Brewing by 30.4% during the 2nd quarter. Penserra Capital Management LLC now owns 1,560 shares of the company’s stock valued at $134,000 after purchasing an additional 364 shares in the last quarter. Institutional investors and hedge funds own 78.00% 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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