Molson Coors Brewing (TAP) Earning Somewhat Favorable News Coverage, Study Shows
News headlines about Molson Coors Brewing (NYSE:TAP) have been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a service of Accern, identifies negative and positive press coverage by reviewing more than 20 million news and blog sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Molson Coors Brewing earned a media sentiment score of 0.18 on AlphaOne’s scale. AlphaOne also gave media coverage about the company an impact score of 52 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Alpha One Sentiment’s rankings:
- Molson Coors Brewing Co (TAP) Position Raised by American Century Companies Inc (footballhebdo.com)
- Zacks: Analysts Anticipate Molson Coors Brewing Co (TAP) Will Post Earnings of $2.10 Per Share (americanbankingnews.com)
- Molson Coors Brewing Co. breached its 50 day moving average in a Bullish Manner : TAP-US : May 29, 2017 (finance.yahoo.com)
- Molson Coors Brewing Co. : TAP-US: Dividend Analysis : May 31st, 2017 (record date) : By the numbers : May 29, 2017 (finance.yahoo.com)
- Molson Coors Brewing (TAP) Crosses Pivot Point Support at $94.34 (mysmartrend.com)
Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, May 3rd. The company reported $0.76 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.31 by $0.55. The firm had revenue of $2.49 billion for the quarter, compared to the consensus estimate of $2.46 billion. Molson Coors Brewing had a return on equity of 7.21% and a net margin of 11.48%. The firm’s quarterly revenue was up 278.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Friday, May 26th. This represents a $1.64 dividend on an annualized basis and a yield of 1.71%. Molson Coors Brewing’s dividend payout ratio is 60.74%.
Several equities analysts have weighed in on TAP shares. Zacks Investment Research raised Molson Coors Brewing from a “strong sell” rating to a “hold” rating in a research note on Monday, February 20th. Susquehanna Bancshares Inc set a $140.00 target price on Molson Coors Brewing and gave the company a “buy” rating in a research note on Monday, March 20th. JPMorgan Chase & Co. started coverage on Molson Coors Brewing in a research note on Tuesday, March 21st. They set a “neutral” rating and a $105.00 target price on the stock. Cowen and Company cut Molson Coors Brewing from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $120.00 to $105.00 in a research note on Thursday, April 20th. Finally, Societe Generale cut Molson Coors Brewing from a “buy” rating to a “hold” rating and lowered their target price for the company from $118.00 to $98.00 in a research note on Thursday, May 4th. Five equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. Molson Coors Brewing currently has an average rating of “Buy” and an average price target of $114.47.
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In other Molson Coors Brewing news, VP Brian Tabolt sold 1,806 shares of the firm’s stock in a transaction that occurred on Thursday, March 16th. The stock was sold at an average price of $98.13, for a total value of $177,222.78. Following the completion of the transaction, the vice president now directly owns 4,231 shares in the company, valued at $415,188.03. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 2.53% of the stock is owned by company insiders.
Molson Coors Brewing Company Profile
Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.
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