Molson Coors Brewing Company (TAP) to Release Quarterly Earnings on Wednesday

Molson Coors Brewing Company (NYSE:TAP) is scheduled to be announcing its earnings results before the market opens on Wednesday, November 1st. Analysts expect the company to announce earnings of $1.96 per share for the quarter.

Molson Coors Brewing (NYSE:TAP) last posted its earnings results on Wednesday, August 2nd. The company reported $1.66 earnings per share for the quarter, missing analysts’ consensus estimates of $2.04 by ($0.38). Molson Coors Brewing had a net margin of 19.78% and a return on equity of 7.41%. The business had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period last year, the business posted $1.11 earnings per share. The company’s revenue for the quarter was down .6% compared to the same quarter last year. On average, analysts expect Molson Coors Brewing to post $4.31 EPS for the current fiscal year and $4.80 EPS for the next fiscal year.

Molson Coors Brewing Company (TAP) opened at 78.95 on Tuesday. Molson Coors Brewing Company has a 12-month low of $78.10 and a 12-month high of $109.37. The company has a 50 day moving average of $83.52 and a 200-day moving average of $88.79. The stock has a market capitalization of $17.00 billion, a price-to-earnings ratio of 7.89 and a beta of 0.89.

In other Molson Coors Brewing news, CEO Gavin Hattersley sold 17,215 shares of the company’s stock in a transaction on Thursday, August 3rd. The stock was sold at an average price of $91.90, for a total value of $1,582,058.50. Following the completion of the sale, the chief executive officer now directly owns 99,217 shares in the company, valued at approximately $9,118,042.30. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 2.76% of the stock is owned by corporate insiders.

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TAP has been the subject of several recent research reports. Susquehanna Bancshares Inc reissued a “buy” rating on shares of Molson Coors Brewing in a research note on Wednesday, October 11th. Berenberg Bank initiated coverage on Molson Coors Brewing in a research note on Wednesday, September 13th. They issued a “sell” rating and a $78.00 price objective for the company. BidaskClub raised Molson Coors Brewing from a “sell” rating to a “hold” rating in a research note on Saturday, August 26th. Zacks Investment Research downgraded Molson Coors Brewing from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Finally, Credit Suisse Group set a $92.00 price objective on Molson Coors Brewing and gave the company a “hold” rating in a research note on Friday, September 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $98.80.

About Molson Coors Brewing

Molson Coors Brewing Company (MCBC) is a holding company. The Company operates as a brewer. The Company’s segments include MillerCoors LLC (United States segment), operating in the United States; Molson Coors Canada (Canada segment), operating in Canada; Molson Coors Europe (Europe segment), operating in Bulgaria, Croatia, Czech Republic, Hungary, Montenegro, Republic of Ireland, Romania, Serbia, the United Kingdom and various other European countries; Molson Coors International (Molson Coors International segment), operating in various other countries, and Corporate.

Earnings History for Molson Coors Brewing  (NYSE:TAP)

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