Brokerages forecast that Molson Coors Brewing Co (NYSE:TAP) will post earnings per share (EPS) of $0.56 for the current quarter, Zacks reports. Three analysts have made estimates for Molson Coors Brewing’s earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.62. Molson Coors Brewing reported earnings per share of $0.46 during the same quarter last year, which would suggest a positive year-over-year growth rate of 21.7%. The company is scheduled to announce its next earnings report before the market opens on Wednesday, February 14th.

On average, analysts expect that Molson Coors Brewing will report full year earnings of $4.33 per share for the current financial year, with EPS estimates ranging from $4.27 to $4.38. For the next fiscal year, analysts forecast that the company will post earnings of $4.95 per share, with EPS estimates ranging from $4.64 to $5.36. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Molson Coors Brewing.

A number of brokerages have recently weighed in on TAP. Berenberg Bank upgraded shares of Molson Coors Brewing from a “sell” rating to a “hold” rating and set a $78.00 price objective for the company in a report on Thursday. Stifel Nicolaus restated a “buy” rating and issued a $112.00 price objective on shares of Molson Coors Brewing in a report on Friday, February 2nd. BMO Capital Markets began coverage on shares of Molson Coors Brewing in a report on Monday, February 5th. They issued an “outperform” rating and a $95.00 price objective for the company. Susquehanna Bancshares set a $108.00 price objective on shares of Molson Coors Brewing and gave the stock a “buy” rating in a report on Wednesday, November 1st. Finally, Zacks Investment Research upgraded shares of Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 price objective for the company in a report on Tuesday, January 2nd. Nine investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $96.68.

In related news, CFO Tracey Joubert sold 1,000 shares of the company’s stock in a transaction on Friday, December 1st. The shares were sold at an average price of $79.15, for a total transaction of $79,150.00. Following the completion of the sale, the chief financial officer now directly owns 22,839 shares in the company, valued at approximately $1,807,706.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Chairman Peter H. Coors sold 55,603 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the sale, the chairman now owns 319,222 shares of the company’s stock, valued at $27,137,062.22. The disclosure for this sale can be found here. Corporate insiders own 2.76% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Dupont Capital Management Corp bought a new position in Molson Coors Brewing in the 3rd quarter worth $103,000. Krilogy Financial LLC raised its holdings in Molson Coors Brewing by 4,646.4% in the 2nd quarter. Krilogy Financial LLC now owns 1,329 shares of the company’s stock worth $115,000 after purchasing an additional 1,301 shares in the last quarter. Cerebellum GP LLC bought a new position in Molson Coors Brewing in the 4th quarter worth $129,000. Meeder Asset Management Inc. bought a new position in Molson Coors Brewing in the 3rd quarter worth $138,000. Finally, Valeo Financial Advisors LLC raised its holdings in Molson Coors Brewing by 58.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock worth $153,000 after purchasing an additional 686 shares in the last quarter. Institutional investors own 77.77% of the company’s stock.

Shares of Molson Coors Brewing (NYSE:TAP) traded down $0.30 on Monday, hitting $74.21. 2,405,113 shares of the stock were exchanged, compared to its average volume of 1,290,000. The company has a market cap of $17,160.00, a price-to-earnings ratio of 7.15, a price-to-earnings-growth ratio of 2.00 and a beta of 0.79. The company has a current ratio of 0.69, a quick ratio of 0.54 and a debt-to-equity ratio of 0.83. Molson Coors Brewing has a 1 year low of $72.71 and a 1 year high of $102.14.

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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.

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