Ambev (NYSE:ABEV) Posts Quarterly Earnings Results

Ambev (NYSE:ABEV - Get Free Report) announced its earnings results on Thursday, May 8th. The company reported $0.04 EPS for the quarter, meeting analysts' consensus estimates of $0.04, Zacks reports. The business had revenue of $3.92 billion during the quarter, compared to analysts' expectations of $22.40 billion. Ambev had a net margin of 17.02% and a return on equity of 16.12%.

Ambev Stock Up 1.0%

Shares of NYSE ABEV traded up $0.03 during midday trading on Thursday, hitting $2.56. The company's stock had a trading volume of 9,936,882 shares, compared to its average volume of 29,205,544. The business's fifty day simple moving average is $2.37 and its two-hundred day simple moving average is $2.14. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.20 and a quick ratio of 0.89. Ambev has a 1 year low of $1.76 and a 1 year high of $2.64. The firm has a market capitalization of $40.26 billion, a price-to-earnings ratio of 14.19, a price-to-earnings-growth ratio of 5.80 and a beta of 0.80.

Ambev Cuts Dividend

The business also recently announced a -- dividend, which will be paid on Thursday, July 17th. Shareholders of record on Monday, May 19th will be paid a dividend of $0.0219 per share. This represents a yield of 5%. The ex-dividend date of this dividend is Monday, May 19th. Ambev's dividend payout ratio (DPR) is presently 56.25%.

Analyst Ratings Changes

Several equities research analysts have recently commented on ABEV shares. Citigroup restated a "neutral" rating on shares of Ambev in a report on Wednesday, January 22nd. Morgan Stanley downgraded shares of Ambev from an "equal weight" rating to an "underweight" rating in a research report on Monday, April 7th. StockNews.com started coverage on shares of Ambev in a research report on Wednesday, April 23rd. They issued a "buy" rating on the stock. Barclays lifted their price objective on shares of Ambev from $2.00 to $2.50 and gave the stock an "equal weight" rating in a research report on Monday. Finally, Bank of America downgraded shares of Ambev from a "buy" rating to a "neutral" rating in a research report on Friday, January 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, Ambev currently has an average rating of "Hold" and a consensus target price of $2.70.

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.