Molson Coors Brewing Co (NYSE:TAP) Expected to Announce Earnings of $1.47 Per Share

Wall Street analysts expect Molson Coors Brewing Co (NYSE:TAP) to report earnings of $1.47 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued 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 in the same quarter last year, which indicates a negative year-over-year growth rate of 20.1%. The business is scheduled to issue its next quarterly earnings results 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 financial year, with EPS estimates ranging from $4.03 to $4.55. For the next year, analysts anticipate that the company will post earnings of $4.34 per share, with EPS estimates ranging from $3.94 to $4.56. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Molson Coors Brewing.

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

Several equities analysts recently issued reports on TAP shares. BMO Capital Markets boosted their target price on shares of Molson Coors Brewing to $65.00 in a report on Thursday, August 1st. Bryan, Garnier & Co restated a “sell” rating and issued a $51.00 target price on shares of Molson Coors Brewing in a report on Thursday, August 1st. ValuEngine upgraded shares of Molson Coors Brewing from a “strong sell” rating to a “sell” rating in a report on Friday, August 16th. Guggenheim dropped their target price on shares of Molson Coors Brewing from $63.00 to $52.00 and set a “neutral” rating on the stock in a report on Thursday, August 1st. Finally, Bank of America lowered shares of Molson Coors Brewing from a “buy” rating to an “underperform” rating in a report on Monday, July 15th. Five equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $62.91.

Several hedge funds and other institutional investors have recently made changes to their positions in TAP. Icon Wealth Partners LLC acquired a new stake in shares of Molson Coors Brewing in the 1st quarter worth about $27,000. Synovus Financial Corp acquired a new stake in shares of Molson Coors Brewing in the 1st quarter worth about $30,000. Ossiam acquired a new stake in shares of Molson Coors Brewing in the 2nd quarter worth about $31,000. Investors Research Corp acquired a new stake in shares of Molson Coors Brewing in the 1st quarter worth about $36,000. Finally, Capital Bank & Trust Co acquired a new stake in shares of Molson Coors Brewing in the 2nd quarter worth about $39,000. Hedge funds and other institutional investors own 74.99% of the company’s stock.

TAP stock traded down $0.10 during midday trading on Friday, hitting $51.68. The stock had a trading volume of 44,985 shares, compared to its average volume of 2,129,912. The firm has a market cap of $11.36 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 2.70 and a beta of 0.79. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.60. Molson Coors Brewing has a 1-year low of $49.92 and a 1-year high of $69.13. The business has a fifty day moving average price of $54.03 and a two-hundred day moving average price of $58.15.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Friday, August 30th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.28 annualized dividend and a dividend yield of 4.41%. This is a positive change from Molson Coors Brewing’s previous quarterly dividend of $0.41. Molson Coors Brewing’s dividend payout ratio is currently 32.54%.

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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