Compañía Cervecerías Unidas (CCU) to Release Quarterly Earnings on Wednesday

Compañía Cervecerías Unidas (NYSE:CCU) will be posting its quarterly earnings results after the market closes on Wednesday, May 8th. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Compañía Cervecerías Unidas (NYSE:CCU) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.25 EPS for the quarter. The business had revenue of $639.60 million during the quarter. Compañía Cervecerías Unidas had a net margin of 3.98% and a return on equity of 7.16%. On average, analysts expect Compañía Cervecerías Unidas to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Compañía Cervecerías Unidas Trading Down 1.6 %

CCU opened at $12.63 on Tuesday. The company has a current ratio of 2.33, a quick ratio of 1.69 and a debt-to-equity ratio of 0.03. The company’s 50-day moving average price is $11.98 and its 200 day moving average price is $12.09. Compañía Cervecerías Unidas has a fifty-two week low of $10.82 and a fifty-two week high of $17.74.

Compañía Cervecerías Unidas Cuts Dividend

The business also recently declared a Semi-Annual dividend, which will be paid on Tuesday, May 7th. Investors of record on Wednesday, April 24th will be issued a $0.102 dividend. This represents a dividend yield of 1.9%. The ex-dividend date of this dividend is Tuesday, April 23rd. Compañía Cervecerías Unidas’s dividend payout ratio (DPR) is 30.30%.

Analyst Ratings Changes

Separately, StockNews.com cut Compañía Cervecerías Unidas from a “strong-buy” rating to a “buy” rating in a research note on Friday, March 8th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $13.71.

About Compañía Cervecerías Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.