Molson Coors Brewing Company (TAP) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.11 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $1.09. The company posted revenue of $986.20 million in the period, compared to analysts expectations of $958.67 million. The company’s revenue was down -1.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 EPS.
Many Wall Street Analysts have commented on Molson Coors Brewing Company. Molson Coors Brewing Company was Upgraded by Citigroup to ” Buy” on Jul 29, 2016.
Molson Coors Brewing Company opened for trading at $99.3 and hit $103.84 on the upside on Friday, eventually ending the session at $102.16, with a gain of 4.51% or 4.41 points. The heightened volatility saw the trading volume jump to 1,07,98,654 shares. Company has a market cap of $21,932 M.
In a different news, on Jun 3, 2016, Krishnan Anand (Pres & CEO Molson Coors Int’l) sold 2,260 shares at $102.00 per share price. According to the SEC, on May 6, 2016, Brenda Davis (Chief Integration Officer) sold 3,000 shares at $98.03 per share price. On Mar 7, 2016, Samuel D Walker (Chief People & Legal Officer) sold 63,800 shares at $88.46 per share price, according to the Form-4 filing with the securities and exchange commission.
Molson Coors Brewing Company (MCBC) is a holding Company that operates as a brewer. The Company has a portfolio of owned and partner brands including Carling Coors Light Molson Canadian and Staropramen brands as well as craft and beers such as Blue Moon Creemore Springs Cobra and Sharp’s Doom Bar. The Company operates in four segments: Molson Coors Canada (MCC or Canada segment) operating in Canada; MillerCoors LLC (MillerCoors or U.S. segment) operating in the United States (U.S.); Molson Coors Europe (Europe segment) operating in Bosnia-Herzegovina Bulgaria Croatia Czech Republic Hungary Montenegro Republic of Ireland Romania Serbia Slovakia and the United Kingdom (U.K.) and Molson Coors International (MCI) operating in various other countries.