Compania Cervecerias Unidas (NYSE:CCU) Releases Earnings Results, Misses Expectations By $0.09 EPS

Compania Cervecerias Unidas (NYSE:CCU) announced its quarterly earnings results on Tuesday. The company reported $0.32 EPS for the quarter, missing the consensus estimate of $0.41 by ($0.09), Zacks reports. Compania Cervecerias Unidas had a return on equity of 8.18% and a net margin of 4.48%.The firm had revenue of $963.83 million for the quarter, compared to analysts’ expectations of $904.78 million.

Compania Cervecerias Unidas Trading Down 1.5%

Shares of Compania Cervecerias Unidas stock traded down $0.21 during mid-day trading on Thursday, hitting $13.52. 231,901 shares of the stock were exchanged, compared to its average volume of 202,342. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 17.56, a price-to-earnings-growth ratio of 4.10 and a beta of 0.49. Compania Cervecerias Unidas has a twelve month low of $11.35 and a twelve month high of $15.75. The company has a current ratio of 2.06, a quick ratio of 1.38 and a debt-to-equity ratio of 0.69. The company has a 50-day simple moving average of $13.94 and a 200 day simple moving average of $12.98.

Institutional Trading of Compania Cervecerias Unidas

A number of hedge funds have recently bought and sold shares of CCU. Arax Advisory Partners raised its holdings in Compania Cervecerias Unidas by 917.9% in the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after acquiring an additional 2,047 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Compania Cervecerias Unidas by 69.1% during the fourth quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock worth $33,000 after purchasing an additional 1,045 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in shares of Compania Cervecerias Unidas by 1,252.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after purchasing an additional 2,994 shares during the period. Rhumbline Advisers increased its stake in Compania Cervecerias Unidas by 12.7% in the third quarter. Rhumbline Advisers now owns 7,277 shares of the company’s stock valued at $88,000 after purchasing an additional 822 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new position in Compania Cervecerias Unidas during the third quarter worth about $91,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on CCU. Zacks Research upgraded Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. JPMorgan Chase & Co. lifted their price target on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the stock an “underweight” rating in a research note on Monday, February 2nd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Monday, December 29th. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $12.00.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.