Analysts Anticipate Molson Coors Brewing Co (NYSE:TAP) to Announce $1.47 EPS

Equities research analysts expect Molson Coors Brewing Co (NYSE:TAP) to report earnings per share of $1.47 for the current quarter, Zacks reports. Three analysts have made estimates for Molson Coors Brewing’s earnings, with the highest EPS estimate coming in at $1.59 and the lowest estimate coming in at $1.36. Molson Coors Brewing posted earnings of $1.84 per share during the same quarter last year, which indicates a negative year over year growth rate of 20.1%. The business is expected to report its next quarterly earnings report on Wednesday, October 30th.

According to Zacks, analysts expect that Molson Coors Brewing will report full-year earnings of $4.36 per share for the current year, with EPS estimates ranging from $4.03 to $4.55. For the next financial year, analysts forecast that the firm will report earnings of $4.33 per share, with EPS estimates ranging from $3.94 to $4.49. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Molson Coors Brewing.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $1.52 EPS for the quarter, missing the Zacks’ consensus estimate of $1.65 by ($0.13). The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $3.03 billion. Molson Coors Brewing had a return on equity of 7.33% and a net margin of 6.85%. Molson Coors Brewing’s revenue was down 4.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.88 earnings per share.

TAP has been the subject of several research analyst reports. ValuEngine lowered Molson Coors Brewing from a “sell” rating to a “strong sell” rating in a research note on Wednesday. Credit Suisse Group initiated coverage on Molson Coors Brewing in a research note on Monday, June 10th. They set an “underperform” rating and a $50.00 price objective for the company. Guggenheim dropped their price objective on Molson Coors Brewing from $63.00 to $52.00 and set a “neutral” rating for the company in a research note on Thursday, August 1st. Bryan, Garnier & Co reissued a “sell” rating and set a $51.00 price objective on shares of Molson Coors Brewing in a research note on Thursday, August 1st. Finally, BMO Capital Markets lifted their price objective on Molson Coors Brewing to $65.00 in a research note on Thursday, August 1st. Five analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $63.33.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Icon Wealth Partners LLC purchased a new position in shares of Molson Coors Brewing in the first quarter worth about $27,000. Synovus Financial Corp bought a new stake in shares of Molson Coors Brewing in the 1st quarter worth approximately $30,000. Ossiam bought a new stake in shares of Molson Coors Brewing in the 2nd quarter worth approximately $31,000. Capital Bank & Trust Co bought a new stake in shares of Molson Coors Brewing in the 2nd quarter worth approximately $39,000. Finally, Coastal Investment Advisors Inc. boosted its position in shares of Molson Coors Brewing by 62.5% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 762 shares of the company’s stock worth $44,000 after purchasing an additional 293 shares in the last quarter. Institutional investors and hedge funds own 76.27% of the company’s stock.

NYSE:TAP traded up $0.60 during trading hours on Friday, hitting $56.85. 52,342 shares of the company’s stock traded hands, compared to its average volume of 1,440,765. The firm has a market cap of $12.25 billion, a P/E ratio of 11.27, a P/E/G ratio of 2.38 and a beta of 0.76. Molson Coors Brewing has a 52 week low of $49.92 and a 52 week high of $67.62. The business’s fifty day simple moving average is $52.74 and its two-hundred day simple moving average is $57.01. The company has a quick ratio of 0.47, a current ratio of 0.64 and a debt-to-equity ratio of 0.60.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a dividend of $0.57 per share. This is an increase from Molson Coors Brewing’s previous quarterly dividend of $0.41. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.28 dividend on an annualized basis and a yield of 4.01%. Molson Coors Brewing’s dividend payout ratio (DPR) is presently 45.24%.

About Molson Coors Brewing

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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