Compania Cervecerias Unidas (NYSE:CCU) Posts Earnings Results, Meets Estimates

Compania Cervecerias Unidas (NYSE:CCU) announced its quarterly earnings data on Tuesday. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09, FiscalAI reports. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.

Compania Cervecerias Unidas Stock Up 0.2%

NYSE CCU traded up $0.02 during trading on Tuesday, reaching $10.37. 112,544 shares of the company’s stock were exchanged, compared to its average volume of 173,710. The stock has a market cap of $1.92 billion, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. The company has a 50 day moving average price of $11.16 and a two-hundred day moving average price of $11.93. Compania Cervecerias Unidas has a 1 year low of $10.14 and a 1 year high of $15.36.

Analyst Upgrades and Downgrades

CCU has been the topic of several analyst reports. HSBC cut shares of Compania Cervecerias Unidas from a “buy” rating to a “reduce” rating and reduced their target price for the company from $15.00 to $10.00 in a report on Monday, September 21st. Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Wall Street Zen downgraded shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a report on Monday, August 31st. One analyst has rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Compania Cervecerias Unidas currently has a consensus rating of “Strong Sell” and a consensus price target of $11.50.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.