FY2017 EPS Estimates for Anheuser-Busch Inbev SA (BUD) Lowered by Jefferies Group
Anheuser-Busch Inbev SA (NYSE:BUD) – Equities researchers at Jefferies Group reduced their FY2017 EPS estimates for Anheuser-Busch Inbev SA in a research note issued on Wednesday. Jefferies Group analyst E. Mundy now anticipates that the consumer goods maker will earn $4.30 per share for the year, down from their previous forecast of $4.38. Jefferies Group currently has a “Buy” rating and a $139.00 target price on the stock. Jefferies Group also issued estimates for Anheuser-Busch Inbev SA’s FY2018 earnings at $5.05 EPS and FY2019 earnings at $5.55 EPS.
Other research analysts have also issued research reports about the stock. Berenberg Bank restated a “buy” rating on shares of Anheuser-Busch Inbev SA in a research report on Wednesday, September 13th. Argus initiated coverage on shares of Anheuser-Busch Inbev SA in a research report on Friday, September 8th. They set a “buy” rating and a $136.00 target price on the stock. Zacks Investment Research raised shares of Anheuser-Busch Inbev SA from a “hold” rating to a “buy” rating and set a $128.00 price target for the company in a report on Wednesday, July 19th. Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating on shares of Anheuser-Busch Inbev SA in a report on Monday, July 10th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $140.00 price target (up previously from $134.00) on shares of Anheuser-Busch Inbev SA in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have issued a buy rating to the stock. Anheuser-Busch Inbev SA has a consensus rating of “Hold” and an average target price of $126.81.
Anheuser-Busch Inbev SA (NYSE BUD) opened at 121.61 on Friday. Anheuser-Busch Inbev SA has a 52 week low of $98.28 and a 52 week high of $129.09. The firm’s 50-day moving average is $118.89 and its 200-day moving average is $115.68. The company has a market cap of $235.16 billion, a PE ratio of 60.62 and a beta of 1.07.
Anheuser-Busch Inbev SA (NYSE:BUD) last released its earnings results on Thursday, July 27th. The consumer goods maker reported $0.95 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.19). The company had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $14.15 billion. Anheuser-Busch Inbev SA had a net margin of 7.37% and a return on equity of 13.61%. The firm’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.06 EPS.
A number of hedge funds and other institutional investors have recently made changes to their positions in BUD. Chicago Partners Investment Group LLC acquired a new position in Anheuser-Busch Inbev SA in the 2nd quarter valued at approximately $101,000. Evercore Wealth Management LLC acquired a new position in Anheuser-Busch Inbev SA in the 2nd quarter valued at approximately $104,000. BDO Wealth Advisors LLC acquired a new position in Anheuser-Busch Inbev SA in the 2nd quarter valued at approximately $110,000. Oakworth Capital Inc. increased its position in Anheuser-Busch Inbev SA by 4.0% in the 2nd quarter. Oakworth Capital Inc. now owns 1,175 shares of the consumer goods maker’s stock valued at $130,000 after acquiring an additional 45 shares during the period. Finally, Johnson Financial Group Inc. increased its position in Anheuser-Busch Inbev SA by 0.3% in the 2nd quarter. Johnson Financial Group Inc. now owns 1,179 shares of the consumer goods maker’s stock valued at $130,000 after acquiring an additional 3 shares during the period. Hedge funds and other institutional investors own 5.49% of the company’s stock.
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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