Ambev (ABEV) to Release Quarterly Earnings on Wednesday

Ambev (NYSE:ABEV) is set to post its quarterly earnings results before the market opens on Wednesday, May 8th. Analysts expect Ambev to post earnings of $0.05 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

Ambev (NYSE:ABEV) last issued its earnings results on Thursday, February 29th. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.01. Ambev had a net margin of 18.19% and a return on equity of 17.60%. The company had revenue of $4.04 billion for the quarter. On average, analysts expect Ambev to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Ambev Price Performance

ABEV remained flat at $2.43 during trading on Monday. 523,904 shares of the company’s stock were exchanged, compared to its average volume of 11,662,623. The stock has a market capitalization of $38.27 billion, a PE ratio of 13.50, a P/E/G ratio of 2.46 and a beta of 1.07. Ambev has a 12 month low of $2.23 and a 12 month high of $3.23. The stock has a 50-day moving average of $2.44 and a two-hundred day moving average of $2.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.89 and a quick ratio of 0.66.

Wall Street Analyst Weigh In

A number of research analysts have commented on ABEV shares. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Ambev in a research report on Friday, March 1st. StockNews.com started coverage on shares of Ambev in a research note on Friday, January 26th. They set a “buy” rating on the stock. Finally, Barclays lowered shares of Ambev from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $3.50 to $3.00 in a research note on Monday, March 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $3.20.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, other non-alcoholic beverages, malt, and food products. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe and Hoegaarden, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.