Ambev (NYSE:ABEV) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Ambev (NYSE:ABEV) released its quarterly earnings results on Wednesday. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01), Zacks reports. The firm had revenue of $4.63 billion during the quarter, compared to analyst estimates of $22.42 billion. Ambev had a return on equity of 16.12% and a net margin of 17.02%.

Ambev Price Performance

Ambev stock traded down $0.06 during midday trading on Friday, reaching $2.06. 12,024,063 shares of the company were exchanged, compared to its average volume of 38,578,664. The firm’s 50-day simple moving average is $1.86 and its 200-day simple moving average is $2.14. Ambev has a 1 year low of $1.76 and a 1 year high of $2.58. The company has a market capitalization of $32.37 billion, a price-to-earnings ratio of 11.42, a P/E/G ratio of 5.80 and a beta of 1.04. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20.

Ambev Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Monday, April 14th. Stockholders of record on Tuesday, March 18th will be given a $0.0221 dividend. The ex-dividend date of this dividend is Tuesday, March 18th. Ambev’s dividend payout ratio is currently 35.29%.

Analyst Ratings Changes

ABEV has been the topic of a number of research analyst reports. Barclays decreased their target price on Ambev from $2.50 to $2.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 21st. Citigroup reiterated a “neutral” rating on shares of Ambev in a research report on Wednesday, January 22nd. Bank of America downgraded shares of Ambev from a “buy” rating to a “neutral” rating in a report on Friday, January 17th. Finally, StockNews.com initiated coverage on shares of Ambev in a research report on Monday, January 27th. They set a “buy” rating for the company. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $2.45.

About Ambev

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, 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, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith’s, and Kokanee brands.