Ambev (ABEV) to Release Earnings on Thursday

Ambev (NYSE:ABEV - Get Free Report) is projected to announce its earnings results before the market opens on Thursday, March 6th. Analysts expect the company to announce earnings of $0.05 per share and revenue of $25.56 billion for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Ambev (NYSE:ABEV - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.01). The firm had revenue of $4.63 billion for the quarter, compared to the consensus estimate of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%. On average, analysts expect Ambev to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ambev Stock Down 2.1 %

Shares of ABEV stock traded down $0.05 during trading on Friday, reaching $2.07. The company's stock had a trading volume of 37,293,878 shares, compared to its average volume of 39,232,676. The business has a fifty day moving average price of $1.86 and a 200-day moving average price of $2.13. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. Ambev has a one year low of $1.76 and a one year high of $2.58. The company has a market cap of $32.53 billion, a price-to-earnings ratio of 11.47, a price-to-earnings-growth ratio of 5.80 and a beta of 1.04.

Ambev Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 14th. Investors of record on Tuesday, March 18th will be issued a dividend of $0.0221 per share. The ex-dividend date of this dividend is Tuesday, March 18th. This represents a $0.09 annualized dividend and a yield of 4.27%. Ambev's payout ratio is presently 35.29%.

Analysts Set New Price Targets

ABEV has been the subject of a number of recent analyst reports. Bank of America cut shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. StockNews.com initiated coverage on Ambev in a research report on Monday, January 27th. They set a "buy" rating on the stock. Citigroup reiterated a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Finally, Barclays lowered their price objective on Ambev from $2.50 to $2.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, Ambev currently has an average rating of "Hold" and an average price target of $2.45.

About Ambev

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.