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.
TRADEMARK VIOLATION NOTICE: This story was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.com-unik.info/2017/10/31/molson-coors-brewing-company-tap-to-release-quarterly-earnings-on-wednesday.html.
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.
What are top analysts saying about Molson Coors Brewing Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Molson Coors Brewing Company and related companies.