Ambev (NYSE:ABEV) Releases Quarterly Earnings Results, Meets Estimates

Ambev (NYSE:ABEV - Get Free Report) posted its earnings results on Thursday. The company reported $0.04 earnings per share for the quarter, hitting analysts' consensus estimates of $0.04, Zacks reports. Ambev had a net margin of 17.02% and a return on equity of 16.12%. The company had revenue of $3.92 billion during the quarter, compared to analyst estimates of $22.40 billion.

Ambev Price Performance

NYSE:ABEV remained flat at $2.53 during mid-day trading on Friday. 19,610,472 shares of the company traded hands, compared to its average volume of 29,248,519. The stock has a market cap of $39.87 billion, a P/E ratio of 14.06, a PEG ratio of 5.80 and a beta of 0.80. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 1.20. Ambev has a 1-year low of $1.76 and a 1-year high of $2.64. The company has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.13.

Ambev Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 14th. Investors of record on Tuesday, March 18th were given a dividend of $0.0221 per share. The ex-dividend date of this dividend was Tuesday, March 18th. This represents a $0.09 dividend on an annualized basis and a yield of 3.49%. Ambev's dividend payout ratio (DPR) is currently 52.94%.

Analysts Set New Price Targets

ABEV has been the topic of a number of recent analyst reports. Citigroup reiterated a "neutral" rating on shares of Ambev in a research report on Wednesday, January 22nd. Morgan Stanley cut shares of Ambev from an "equal weight" rating to an "underweight" rating in a report on Monday, April 7th. StockNews.com started coverage on shares of Ambev in a report on Wednesday, April 23rd. They issued a "buy" rating for the company. Barclays cut their target price on shares of Ambev from $2.50 to $2.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 21st. Finally, Bank of America downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Ambev presently has a consensus rating of "Hold" and an average target price of $2.45.

Ambev Company Profile

Ambev SA, through its subsidiaries, engages in the production, distribution, and sale of beer, draft beer, carbonated soft drinks, malt and food, other alcoholic beverages, and non-alcoholic and non-carbonated products in Brazil, Central America and Caribbean, Latin America South, and Canada. It offers beer primarily under the Skol, Brahma, Antarctica, Brahva, Budweiser, Bud Light, Beck, Leffe, Hoegaarden, Balboa ICE, Balboa, Atlas Golden Light, Atlas, Bucanero, Cristal, Mayabe, Presidente, Presidente Light, Brahma Light, Bohemia, The One, Corona, Modelo Especial, Stella Artois, Quilmes Clásica, Paceña, Taquiña, Huari, Becker, Cusqueña, Michelob Ultra, Busch, Pilsen, Ouro Fino, Bud 66, Banks, Deputy, Patricia, Labatt Blue, Alexander Keith's, and Kokanee brands.

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