Anheuser Busch Inbev SA (ADR) (BUD) reported quarterly earnings results on Friday, Jul-29-2016. The company reported $1.06 earnings per share for the quarter, missing the analyst consensus estimate by $-0.16. Analysts had a consensus of $1.22. The company posted revenue of $10806.00 million in the period, compared to analysts expectations of $10948.38 million. The company’s revenue was down -2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.21 EPS.
Many Wall Street Analysts have commented on Anheuser Busch Inbev SA (ADR). Company shares were Downgraded by RBC Capital Mkts on Jul 6, 2016 to ” Underperform”, Firm has raised the Price Target to $ 106 from a previous price target of $102 .
Anheuser Busch Inbev SA (ADR) opened for trading at $122.07 and hit $126.08 on the upside on Thursday, eventually ending the session at $125.92, with a gain of 3.26% or 3.98 points. The heightened volatility saw the trading volume jump to 50,10,731 shares. Company has a market cap of $202,510 M.
Anheuser Busch Inbev SA formerly Anheuser-Busch InBev SA/NV is a brewing company. The Company produces markets distributes and sells a portfolio of approximately 200 beer and other malt beverage brands. The Company operates in seven business segments: North America Mexico Latin America North Latin America South Europe Asia Pacific and Global Export & Holding Companies. The Company also produces and distributes soft drinks particularly in Latin America and other near beer products such as Lime-A-Rita and other Rita family products in the United States and other countries. The Company’s brand portfolio consists of three categories: global brands Budweiser Corona (except in the United States) and Stella Artois; multi-country brands Beck’s Leffe and Hoegaarden and local brands Bud Light Michelob Victoria Modelo Especial Negra Modelo Skol Brahma Antarctica Quilmes Jupiler Klinskoye Sibirskaya Korona Chernigivske Cass Harbin and Sedrin.