Compania Cervecerias Unidas (CCU) Expected to Announce 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 expected to issue its quarterly earnings data after the market closes on Wednesday, August 6th. Analysts expect the company to announce 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's stock had a trading volume of 182,817 shares, compared to its average volume of 187,081. The firm has a market capitalization of $2.19 billion, a price-to-earnings ratio of 12.61, a PEG ratio of 1.08 and a beta of 0.66. The firm has a 50-day simple moving average of $12.86 and a 200-day simple moving average of $13.65. Compania Cervecerias Unidas has a 1 year low of $10.00 and a 1 year high of $15.75. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.58 and a current ratio of 2.16.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of large investors have recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in shares of Compania Cervecerias Unidas by 140.6% during the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company's stock valued at $100,000 after purchasing an additional 3,831 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Compania Cervecerias Unidas during the 1st quarter valued at about $194,000. Finally, Goldman Sachs Group Inc. bought a new stake in shares of Compania Cervecerias Unidas during the 1st quarter valued at about $579,000. Institutional investors own 24.07% of the company's stock.

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.