Compania Cervecerias Unidas (NYSE:CCU) Releases Earnings Results, Meets Expectations

Key Points

• Compania Cervecerias Unidas reported quarterly earnings of $0.09 per share, matching analysts’ consensus estimate. Its return on equity was 6.77% and net margin was 3.71%.
• The shares rose 0.2% to $10.37 during Tuesday trading, but remained below their 50-day and 200-day moving averages.
• Analyst sentiment is negative: MarketBeat reports a “Strong Sell” consensus rating from one Hold and three Sell ratings, with an average price target of $11.50.

Compania Cervecerias Unidas (NYSE:CCU - Get Free Report) issued its quarterly earnings data on Tuesday. The company reported $0.09 earnings per share for the quarter, meeting analysts' consensus estimates of $0.09, FiscalAI reports. Compania Cervecerias Unidas had a return on equity of 6.77% and a net margin of 3.71%.

Compania Cervecerias Unidas Stock Up 0.2%

Shares of Compania Cervecerias Unidas stock traded up $0.02 during trading hours on Tuesday, reaching $10.37. 112,544 shares of the company were exchanged, compared to its average volume of 173,710. The firm has a market cap of $1.92 billion, a PE ratio of 16.72, a PEG ratio of 1.05 and a beta of 0.49. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. Compania Cervecerias Unidas has a 1 year low of $10.14 and a 1 year high of $15.36. The stock's fifty day moving average is $11.16 and its 200 day moving average is $11.93.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCU shares. HSBC lowered Compania Cervecerias Unidas from a "buy" rating to a "reduce" rating and decreased their target price for the stock from $15.00 to $10.00 in a research note on Monday, September 21st. Wall Street Zen downgraded Compania Cervecerias Unidas from a "buy" rating to a "hold" rating in a research report on Saturday, August 8th. Weiss Ratings lowered shares of Compania Cervecerias Unidas from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an "underweight" rating for the company in a research note on Monday, August 31st. One analyst has rated the stock with a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Strong Sell" and a consensus price target of $11.50.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile's brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU's beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.

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