Q2 2024 EPS Estimates for Anheuser-Busch InBev SA/NV Lifted by Analyst (NYSE:BUD)

Anheuser-Busch InBev SA/NV (NYSE:BUD - Free Report) - Equities research analysts at Zacks Research raised their Q2 2024 earnings estimates for shares of Anheuser-Busch InBev SA/NV in a research report issued on Wednesday, May 22nd. Zacks Research analyst R. Lohia now forecasts that the consumer goods maker will earn $0.82 per share for the quarter, up from their prior forecast of $0.80. The consensus estimate for Anheuser-Busch InBev SA/NV's current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Anheuser-Busch InBev SA/NV's FY2024 earnings at $3.41 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.88 EPS and FY2026 earnings at $4.49 EPS.

Anheuser-Busch InBev SA/NV (NYSE:BUD - Get Free Report) last announced its earnings results on Wednesday, May 8th. The consumer goods maker reported $0.75 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The firm had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the prior year, the business posted $0.65 EPS. The business's revenue was up 2.3% compared to the same quarter last year.

Separately, TD Cowen dropped their price objective on shares of Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an "outperform" rating for the company in a research note on Tuesday, March 5th. Four research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $71.70.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD traded down $0.56 on Thursday, hitting $64.63. The company had a trading volume of 1,587,546 shares, compared to its average volume of 2,017,264. The stock has a market capitalization of $112.27 billion, a price-to-earnings ratio of 27.15, a PEG ratio of 1.55 and a beta of 1.11. The company has a current ratio of 0.63, a quick ratio of 0.48 and a debt-to-equity ratio of 0.80. The firm has a 50 day moving average of $61.08 and a two-hundred day moving average of $62.22. Anheuser-Busch InBev SA/NV has a 52 week low of $51.66 and a 52 week high of $67.49.

Anheuser-Busch InBev SA/NV Increases Dividend

The company also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be given a dividend of $0.8722 per share. The ex-dividend date is Friday, May 3rd. This is a boost from Anheuser-Busch InBev SA/NV's previous annual dividend of $0.61. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV's dividend payout ratio is 27.31%.

Institutional Investors Weigh In On Anheuser-Busch InBev SA/NV

Several large investors have recently modified their holdings of the company. Private Advisor Group LLC grew its holdings in Anheuser-Busch InBev SA/NV by 10.5% in the third quarter. Private Advisor Group LLC now owns 8,763 shares of the consumer goods maker's stock worth $485,000 after purchasing an additional 836 shares during the period. US Bancorp DE grew its holdings in Anheuser-Busch InBev SA/NV by 1.5% in the third quarter. US Bancorp DE now owns 147,646 shares of the consumer goods maker's stock worth $8,165,000 after purchasing an additional 2,192 shares during the period. Signaturefd LLC grew its holdings in Anheuser-Busch InBev SA/NV by 12.7% in the third quarter. Signaturefd LLC now owns 12,426 shares of the consumer goods maker's stock worth $687,000 after purchasing an additional 1,397 shares during the period. Syon Capital LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $337,000. Finally, NBC Securities Inc. acquired a new stake in Anheuser-Busch InBev SA/NV in the third quarter worth $242,000. 5.53% of the stock is currently owned by institutional investors and hedge funds.

About Anheuser-Busch InBev SA/NV

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.