Compania Cervecerias Unidas (CCU) to Release Earnings on Wednesday

Key Points

• Compania Cervecerias Unidas (CCU) is set to release its earnings report on Wednesday, August 6th, with analysts forecasting earnings of $0.04 per share and revenue of $621.64 million.
• Recent analyst ratings have seen downgrades from "strong-buy" to "buy" and from "strong-buy" to "hold" by Wall Street Zen and Scotiabank, respectively.
• Institutional investors have increased their stakes, with Rhumbline Advisers raising its holdings by 140.6% during the first quarter, demonstrating growing interest in CCU stock.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) is projected to release its earnings data after the market closes on Wednesday, August 6th. Analysts expect Compania Cervecerias Unidas to post earnings of $0.04 per share and revenue of $621.64 million for the quarter.

Compania Cervecerias Unidas Trading Up 1.0%

NYSE CCU traded up $0.12 during trading hours on Friday, reaching $11.85. The company had a trading volume of 182,817 shares, compared to its average volume of 177,940. The company has a current ratio of 2.16, a quick ratio of 1.58 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $2.19 billion, a P/E ratio of 12.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.66. The stock has a 50-day moving average of $12.86 and a 200 day moving average of $13.62. Compania Cervecerias Unidas has a 1-year low of $10.00 and a 1-year high of $15.75.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its stake in Compania Cervecerias Unidas by 140.6% during the first quarter. Rhumbline Advisers now owns 6,555 shares of the company's stock worth $100,000 after purchasing an additional 3,831 shares during the period. Jane Street Group LLC acquired a new position in shares of Compania Cervecerias Unidas in the first quarter valued at approximately $194,000. Finally, Goldman Sachs Group Inc. purchased a new stake in Compania Cervecerias Unidas during the 1st quarter worth approximately $579,000. 24.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Scotiabank lowered shares of Compania Cervecerias Unidas from a "strong-buy" rating to a "hold" rating in a report on Thursday, May 8th. Wall Street Zen lowered Compania Cervecerias Unidas from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 9th.

Compania Cervecerias Unidas Company Profile

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.