Compania Cervecerias Unidas (CCU) Expected to Announce Quarterly Earnings on Wednesday

Compania Cervecerias Unidas (NYSE:CCU) is expected to issue its results before the market opens on Wednesday, November 5th. Analysts expect the company to announce earnings of $0.17 per share and revenue of $783.0770 million for the quarter.

Compania Cervecerias Unidas Stock Down 0.7%

CCU opened at $12.94 on Wednesday. The firm has a market cap of $2.39 billion, a price-to-earnings ratio of 15.22, a PEG ratio of 1.22 and a beta of 0.73. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 2.14. The firm’s 50-day simple moving average is $12.10 and its 200-day simple moving average is $12.99. Compania Cervecerias Unidas has a twelve month low of $10.65 and a twelve month high of $15.75.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CCU. The Goldman Sachs Group decreased their price objective on shares of Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating on the stock in a research note on Thursday, September 11th. Weiss Ratings lowered Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Sell” and a consensus price target of $10.00.

Institutional Trading of Compania Cervecerias Unidas

A number of hedge funds and other institutional investors have recently modified their holdings of CCU. EverSource Wealth Advisors LLC boosted its position in Compania Cervecerias Unidas by 1,252.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after buying an additional 2,994 shares during the last quarter. Rhumbline Advisers boosted its stake in Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after acquiring an additional 3,831 shares during the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Compania Cervecerias Unidas during the 2nd quarter valued at $164,000. BTG Pactual Asset Management US LLC bought a new position in shares of Compania Cervecerias Unidas in the 2nd quarter worth $189,000. Finally, Jane Street Group LLC acquired a new stake in shares of Compania Cervecerias Unidas during the first quarter worth $194,000. Institutional investors and hedge funds own 24.07% of the company’s stock.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.