Ambev (NYSE:ABEV) Announces Earnings Results

Key Points

• EPS met estimates: Ambev reported Q results of $0.05 EPS (in line with consensus) with revenue of $4.32 billion, slightly below the $4.36 billion estimate, and posted a net margin of 17.75% and ROE of 16.41%.
• Shares opened at $2.91 (50-day/200-day MAs $2.98/$2.71) with a market cap of $45.79 billion and a PE of 16.14; Wall Street's consensus is an average "Hold" rating with a $2.84 average price target (1 Buy, 4 Hold, 1 Sell).
• Insider sale: Insider De Lacerda Eduardo Cavalcanti sold 152,386 shares at about $2.85 (≈$434,300), cutting his stake by 40.56%, while institutional investors own roughly 8.13% of the stock with several small recent purchases reported.

Ambev (NYSE:ABEV - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.05 earnings per share for the quarter, meeting analysts' consensus estimates of $0.05, FiscalAI reports. Ambev had a net margin of 17.75% and a return on equity of 16.41%. The company had revenue of $4.32 billion during the quarter, compared to the consensus estimate of $4.36 billion.

Ambev Price Performance

NYSE ABEV opened at $2.91 on Tuesday. The stock's 50-day moving average price is $2.98 and its two-hundred day moving average price is $2.71. The company has a current ratio of 0.96, a quick ratio of 0.73 and a debt-to-equity ratio of 0.03. The company has a market cap of $45.79 billion, a PE ratio of 16.14, a PEG ratio of 2.08 and a beta of 0.61. Ambev has a 1 year low of $2.10 and a 1 year high of $3.24.

Insider Transactions at Ambev

In other Ambev news, insider De Lacerda Eduardo Cavalcanti sold 152,386 shares of the business's stock in a transaction dated Friday, March 27th. The stock was sold at an average price of $2.85, for a total transaction of $434,300.10. Following the sale, the insider owned 223,340 shares in the company, valued at approximately $636,519. The trade was a 40.56% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Institutional Trading of Ambev

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Marex Group plc purchased a new position in shares of Ambev during the second quarter valued at $48,000. Principal Securities Inc. increased its holdings in Ambev by 46.4% in the fourth quarter. Principal Securities Inc. now owns 19,593 shares of the company's stock worth $48,000 after buying an additional 6,208 shares during the last quarter. HRT Financial LP acquired a new position in Ambev in the fourth quarter worth approximately $38,000. UMB Bank n.a. increased its holdings in Ambev by 197.1% in the fourth quarter. UMB Bank n.a. now owns 14,847 shares of the company's stock worth $37,000 after buying an additional 9,850 shares during the last quarter. Finally, NorthRock Partners LLC acquired a new position in Ambev in the third quarter worth approximately $34,000. Institutional investors and hedge funds own 8.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on ABEV shares. Wall Street Zen downgraded shares of Ambev from a "buy" rating to a "hold" rating in a report on Monday, March 30th. UBS Group set a $2.65 price target on shares of Ambev and gave the company a "sell" rating in a report on Thursday, April 16th. Barclays upped their price target on shares of Ambev from $2.50 to $3.00 and gave the company an "equal weight" rating in a report on Tuesday, February 17th. Finally, Weiss Ratings raised shares of Ambev from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, March 5th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, Ambev currently has an average rating of "Hold" and an average price target of $2.84.

About Ambev

Ambev NYSE: ABEV is a Brazilian-based beverage company that produces, distributes and markets a broad portfolio of alcoholic and non-alcoholic drinks. The company's core business centers on brewing and selling beer, alongside a range of soft drinks, bottled water, energy drinks and other malt-based beverages. Headquartered in São Paulo, Ambev operates an integrated value chain that covers manufacturing, packaging, logistics and commercial sales to retail, on-premise and institutional customers.

The company traces its origins to the 1999 merger of two historic Brazilian breweries, and later became part of the broader global brewing group through subsequent industry consolidations.

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