Equities research analysts expect that Molson Coors Brewing Co (NYSE:TAP) will post sales of $2.54 billion for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Molson Coors Brewing’s earnings. The highest sales estimate is $2.59 billion and the lowest is $2.50 billion. Molson Coors Brewing reported sales of $2.58 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 1.6%. The company is scheduled to issue its next quarterly earnings results on Wednesday, February 13th.

According to Zacks, analysts expect that Molson Coors Brewing will report full-year sales of $10.89 billion for the current year, with estimates ranging from $10.85 billion to $10.94 billion. For the next year, analysts forecast that the business will report sales of $10.77 billion, with estimates ranging from $10.65 billion to $10.95 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Molson Coors Brewing.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings data on Wednesday, October 31st. The company reported $1.84 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.25. The business had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.92 billion. Molson Coors Brewing had a net margin of 12.05% and a return on equity of 7.58%. The company’s revenue was up 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.34 earnings per share.

Several equities analysts have issued reports on TAP shares. Morgan Stanley increased their price objective on shares of Molson Coors Brewing from $69.00 to $74.00 and gave the company an “equal weight” rating in a report on Thursday, August 2nd. Susquehanna Bancshares increased their price objective on shares of Molson Coors Brewing from $80.00 to $84.00 and gave the company a “positive” rating in a report on Thursday, August 2nd. Citigroup decreased their price objective on shares of Molson Coors Brewing from $80.00 to $78.00 and set a “buy” rating on the stock in a report on Monday, August 27th. Jefferies Financial Group assumed coverage on shares of Molson Coors Brewing in a research note on Friday, September 7th. They issued an “underperform” rating and a $55.00 price target on the stock. Finally, Berenberg Bank set a $67.00 price target on shares of Molson Coors Brewing and gave the stock a “hold” rating in a research note on Tuesday, September 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. Molson Coors Brewing currently has an average rating of “Hold” and an average target price of $75.36.

In other news, insider Krishnan Anand sold 2,595 shares of the firm’s stock in a transaction dated Thursday, November 1st. The shares were sold at an average price of $64.81, for a total value of $168,181.95. Following the transaction, the insider now directly owns 49,946 shares of the company’s stock, valued at $3,237,000.26. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last three months, insiders sold 7,785 shares of company stock worth $499,512. Insiders own 2.55% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Truvestments Capital LLC acquired a new stake in Molson Coors Brewing during the third quarter worth about $105,000. TLP Group LLC acquired a new stake in Molson Coors Brewing during the third quarter worth about $124,000. Independent Order of Foresters acquired a new stake in Molson Coors Brewing during the second quarter worth about $141,000. National Asset Management Inc. acquired a new stake in Molson Coors Brewing during the third quarter worth about $206,000. Finally, Verity Asset Management Inc. acquired a new stake in Molson Coors Brewing during the third quarter worth about $207,000. Hedge funds and other institutional investors own 76.80% of the company’s stock.

TAP opened at $64.69 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.49 and a debt-to-equity ratio of 0.64. The firm has a market cap of $14.13 billion, a price-to-earnings ratio of 14.47, a P/E/G ratio of 2.91 and a beta of 0.56. Molson Coors Brewing has a 52-week low of $55.52 and a 52-week high of $85.86.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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