Wall Street brokerages expect that Molson Coors Brewing Co (NYSE:TAP) will report earnings per share (EPS) of $0.78 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Molson Coors Brewing’s earnings. The lowest EPS estimate is $0.59 and the highest is $0.88. Molson Coors Brewing reported earnings per share of $0.84 in the same quarter last year, which indicates a negative year over year growth rate of 7.1%. The company is expected to announce its next earnings results on Tuesday, February 11th.

According to Zacks, analysts expect that Molson Coors Brewing will report full-year earnings of $4.30 per share for the current financial year, with EPS estimates ranging from $4.11 to $4.40. For the next fiscal year, analysts expect that the business will post earnings of $3.98 per share, with EPS estimates ranging from $3.76 to $4.17. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Molson Coors Brewing.

Molson Coors Brewing (NYSE:TAP) last released its earnings results on Wednesday, October 30th. The company reported $1.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.02. The firm had revenue of $2.84 billion during the quarter, compared to analyst estimates of $2.87 billion. Molson Coors Brewing had a net margin of 1.19% and a return on equity of 6.86%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.84 EPS.

A number of research analysts have recently commented on TAP shares. Berenberg Bank reaffirmed a “hold” rating and set a $51.00 price objective on shares of Molson Coors Brewing in a research report on Friday, November 1st. Redburn Partners reaffirmed a “sell” rating on shares of Molson Coors Brewing in a research report on Friday, October 11th. Bryan, Garnier & Co reaffirmed a “sell” rating and set a $51.00 price objective on shares of Molson Coors Brewing in a research report on Thursday, August 1st. Guggenheim cut their price objective on shares of Molson Coors Brewing from $63.00 to $52.00 and set a “neutral” rating for the company in a research report on Thursday, August 1st. Finally, ValuEngine raised shares of Molson Coors Brewing from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 2nd. Six investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.64.

Molson Coors Brewing stock traded up $0.19 on Friday, reaching $52.15. 22,088 shares of the stock were exchanged, compared to its average volume of 1,989,254. The stock has a market cap of $11.36 billion, a PE ratio of 10.35, a PEG ratio of 2.04 and a beta of 0.77. The company has a current ratio of 0.59, a quick ratio of 0.42 and a debt-to-equity ratio of 0.60. Molson Coors Brewing has a twelve month low of $49.92 and a twelve month high of $67.24. The firm has a fifty day moving average price of $55.32 and a two-hundred day moving average price of $55.33.

In related news, VP Brian Tabolt sold 1,825 shares of the company’s stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $56.94, for a total value of $103,915.50. Following the sale, the vice president now owns 6,218 shares of the company’s stock, valued at $354,052.92. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.48% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Invesco Ltd. grew its stake in Molson Coors Brewing by 53.4% during the second quarter. Invesco Ltd. now owns 2,587,412 shares of the company’s stock worth $144,894,000 after buying an additional 900,317 shares during the last quarter. AQR Capital Management LLC grew its stake in Molson Coors Brewing by 195.1% during the second quarter. AQR Capital Management LLC now owns 1,313,808 shares of the company’s stock worth $73,429,000 after buying an additional 868,575 shares during the last quarter. Vanguard Group Inc. grew its stake in Molson Coors Brewing by 3.0% during the second quarter. Vanguard Group Inc. now owns 20,966,400 shares of the company’s stock worth $1,174,118,000 after buying an additional 606,976 shares during the last quarter. Nuveen Asset Management LLC grew its stake in Molson Coors Brewing by 779.3% during the second quarter. Nuveen Asset Management LLC now owns 672,606 shares of the company’s stock worth $37,665,000 after buying an additional 596,117 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. grew its stake in Molson Coors Brewing by 97.1% during the third quarter. Diamond Hill Capital Management Inc. now owns 1,184,991 shares of the company’s stock worth $68,137,000 after buying an additional 583,833 shares during the last quarter. 76.58% of the stock is currently owned by institutional investors and hedge funds.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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Earnings History and Estimates for Molson Coors Brewing (NYSE:TAP)

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