Analysts expect that Anheuser-Busch Inbev SA (NYSE:BUD) will announce sales of $14.99 billion for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Anheuser-Busch Inbev SA’s earnings. The highest sales estimate is $15.11 billion and the lowest is $14.87 billion. Anheuser-Busch Inbev SA posted sales of $11.11 billion in the same quarter last year, which would indicate a positive year over year growth rate of 34.9%. The business is expected to announce its next quarterly earnings report on Friday, October 27th.
On average, analysts expect that Anheuser-Busch Inbev SA will report full year sales of $14.99 billion for the current financial year, with estimates ranging from $57.02 billion to $57.85 billion. For the next financial year, analysts anticipate that the firm will post sales of $60.02 billion per share, with estimates ranging from $59.06 billion to $60.91 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Anheuser-Busch Inbev SA.
Anheuser-Busch Inbev SA (NYSE:BUD) last issued its quarterly earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by $0.19. The company had revenue of $14.18 billion for the quarter, compared to analyst estimates of $14.15 billion. Anheuser-Busch Inbev SA had a return on equity of 13.61% and a net margin of 7.37%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter last year, the company earned $1.06 EPS.
A number of research firms have issued reports on BUD. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $125.00 target price (up previously from $111.00) on shares of Anheuser-Busch Inbev SA in a research report on Tuesday, August 1st. BidaskClub upgraded Anheuser-Busch Inbev SA from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Jefferies Group LLC set a $139.00 target price on Anheuser-Busch Inbev SA and gave the company a “buy” rating in a research report on Saturday, July 29th. Stifel Nicolaus reiterated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Friday, July 28th. Finally, Zacks Investment Research upgraded Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 target price on the stock in a research report on Wednesday, July 19th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and twelve have given a buy rating to the company. Anheuser-Busch Inbev SA has a consensus rating of “Hold” and a consensus price target of $128.10.
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Several hedge funds have recently added to or reduced their stakes in the company. Raymond James Trust N.A. boosted its stake in Anheuser-Busch Inbev SA by 1.0% in the first quarter. Raymond James Trust N.A. now owns 7,536 shares of the consumer goods maker’s stock valued at $827,000 after buying an additional 73 shares during the period. Lawson Kroeker Investment Management Inc. NE boosted its stake in Anheuser-Busch Inbev SA by 1.3% in the first quarter. Lawson Kroeker Investment Management Inc. NE now owns 93,680 shares of the consumer goods maker’s stock valued at $10,282,000 after buying an additional 1,215 shares during the period. Chesley Taft & Associates LLC boosted its stake in Anheuser-Busch Inbev SA by 194.0% in the first quarter. Chesley Taft & Associates LLC now owns 22,885 shares of the consumer goods maker’s stock valued at $2,512,000 after buying an additional 15,100 shares during the period. Vontobel Asset Management Inc. boosted its stake in Anheuser-Busch Inbev SA by 26.3% in the first quarter. Vontobel Asset Management Inc. now owns 54,258 shares of the consumer goods maker’s stock valued at $5,955,000 after buying an additional 11,310 shares during the period. Finally, Quadrant Capital Group LLC boosted its stake in Anheuser-Busch Inbev SA by 396.6% in the first quarter. Quadrant Capital Group LLC now owns 2,448 shares of the consumer goods maker’s stock valued at $258,000 after buying an additional 1,955 shares during the period. Institutional investors own 5.27% of the company’s stock.
Shares of Anheuser-Busch Inbev SA (NYSE BUD) traded down 0.778% on Friday, reaching $117.895. 753,791 shares of the company traded hands. Anheuser-Busch Inbev SA has a one year low of $98.28 and a one year high of $136.08. The company has a market capitalization of $227.97 billion, a P/E ratio of 58.771 and a beta of 1.07. The firm’s 50 day moving average is $114.56 and its 200 day moving average is $112.10.
About Anheuser-Busch Inbev SA
Anheuser Busch Inbev NV (AB InBev) is a Belgium-based company engaged in the brewers industry. The Company owns a portfolio of over 200 beer brands. The Company’s brand portfolio includes global brands, such as Budweiser, Corona and Stella Artois; international brands, including Beck’s, Leffe and Hoegaarden, and local champions, such as Bud Light, Skol, Brahma, Antarctica, Quilmes, Victoria, Modelo Especial, Michelob Ultra, Harbin, Sedrin, Klinskoye, Sibirskaya Korona, Chernigivske, Cass and Jupiler.
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