Anheuser-Busch InBev SA/NV (NYSE:BUD) Posts Quarterly Earnings Results, Beats Expectations By $0.13 EPS

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) issued its quarterly earnings results on Wednesday. The consumer goods maker reported $0.88 EPS for the quarter, beating the consensus estimate of $0.75 by $0.13, Zacks reports. The company had revenue of $14.84 billion for the quarter, compared to the consensus estimate of $14.07 billion. Anheuser-Busch InBev SA/NV had a net margin of 10.98% and a return on equity of 15.29%.

Anheuser-Busch InBev SA/NV Trading Up 0.7 %

Anheuser-Busch InBev SA/NV stock traded up $0.44 during trading hours on Friday, hitting $59.95. The company had a trading volume of 2,531,398 shares, compared to its average volume of 2,377,092. The firm has a market cap of $107.74 billion, a P/E ratio of 18.50, a P/E/G ratio of 1.73 and a beta of 1.08. The company has a debt-to-equity ratio of 0.85, a quick ratio of 0.51 and a current ratio of 0.69. Anheuser-Busch InBev SA/NV has a 1 year low of $45.94 and a 1 year high of $67.49. The company has a 50-day moving average price of $50.54 and a two-hundred day moving average price of $56.74.

Analysts Set New Price Targets

Separately, TD Cowen cut their price target on shares of Anheuser-Busch InBev SA/NV from $65.00 to $55.00 and set a "hold" rating on the stock in a report on Wednesday, January 8th. One investment analyst has rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $64.00.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.