Ambev (NYSE:ABEV) Announces Earnings Results

Ambev (NYSE:ABEV) released its earnings results on Wednesday. The company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.06 by ($0.01), Zacks reports. Ambev had a net margin of 17.02% and a return on equity of 16.12%.

Ambev Stock Performance

Shares of NYSE:ABEV traded up $0.10 during midday trading on Wednesday, reaching $1.99. 20,236,666 shares of the company traded hands, compared to its average volume of 39,074,902. Ambev has a 12 month low of $1.76 and a 12 month high of $2.72. The company has a quick ratio of 0.89, a current ratio of 1.20 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $31.27 billion, a price-to-earnings ratio of 11.03, a price-to-earnings-growth ratio of 5.80 and a beta of 1.04. The firm’s fifty day moving average price is $1.86 and its two-hundred day moving average price is $2.14.

Ambev Cuts Dividend

The business also recently disclosed an annual dividend, which was paid on Thursday, January 9th. Shareholders of record on Monday, December 23rd were given 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 38.89%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ABEV. Barclays decreased their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 21st. Citigroup reissued a “neutral” rating on shares of Ambev in a research note on Wednesday, January 22nd. Bank of America lowered shares of Ambev from a “buy” rating to a “neutral” rating in a research note on Friday, January 17th. Finally, StockNews.com initiated coverage on shares of Ambev in a research report on Monday, January 27th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $2.45.

Ambev Company Profile

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.