Anheuser Busch Inbev SA (ADR) (BUD) reported quarterly earnings results on Wednesday, May-4-2016. The company reported $0.51 earnings per share for the quarter, missing the analyst consensus estimate by $-0.38. Analysts had a consensus of $0.89. The company posted revenue of $9400.00 million in the period, compared to analysts expectations of $9871.80 million. The company’s revenue was down -10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 EPS.
Many Wall Street Analysts have commented on Anheuser Busch Inbev SA (ADR). Anheuser Busch Inbev SA (ADR) was Upgraded by Societe Generale to ” Buy” on Apr 5, 2016. Company shares were Reiterated by RBC Capital Mkts on Mar 30, 2016 to “Sector Perform”, Firm has raised the Price Target to $ 102 from a previous price target of $96 .Shares were Reiterated by Stifel on Feb 26, 2016 to “Buy” and Lowered the Price Target to $ 138 from a previous price target of $145 .
Anheuser Busch Inbev SA (ADR) opened for trading at $125.31 and hit $126.01 on the upside on Monday, eventually ending the session at $125.84, with a gain of 1.34% or 1.66 points. The heightened volatility saw the trading volume jump to 7,22,718 shares. Company has a market cap of $202,381 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.