Ambev (ABEV) Expected to Announce Earnings on Thursday

Ambev (NYSE:ABEV) is projected to post its quarterly earnings results before the market opens on Thursday, March 6th. Analysts expect Ambev to post earnings of $0.05 per share and revenue of $25.56 billion for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Ambev (NYSE:ABEV) last posted its quarterly earnings data on Wednesday, February 26th. The company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). Ambev had a net margin of 17.02% and a return on equity of 16.12%. On average, analysts expect Ambev to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ambev Price Performance

ABEV opened at $1.99 on Thursday. The company has a market capitalization of $31.27 billion, a P/E ratio of 11.03, a PEG ratio of 5.80 and a beta of 1.04. The company has a 50-day moving average of $1.86 and a 200-day moving average of $2.14. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev has a 1-year low of $1.76 and a 1-year high of $2.72.

Ambev Cuts Dividend

The company also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Investors of record on Monday, December 23rd were issued a $0.0414 dividend. This represents a yield of 1.93%. The ex-dividend date was Monday, December 23rd. Ambev’s dividend payout ratio is currently 38.89%.

Analyst Upgrades and Downgrades

ABEV has been the subject of several research reports. StockNews.com assumed coverage on Ambev in a research report on Monday, January 27th. They issued a “buy” rating for the company. Citigroup restated a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Barclays lowered their target price on shares of Ambev from $2.50 to $2.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 21st. Finally, Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a research report on Friday, January 17th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Ambev has a consensus rating of “Hold” and an average target price 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.