$0.57 Earnings Per Share Expected for Molson Coors Brewing Co (TAP) This Quarter

Wall Street analysts expect Molson Coors Brewing Co (NYSE:TAP) to report earnings per share of $0.57 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Molson Coors Brewing’s earnings. The highest EPS estimate is $0.65 and the lowest is $0.51. Molson Coors Brewing reported earnings of $0.48 per share in the same quarter last year, which indicates a positive year over year growth rate of 18.8%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, May 1st.

On average, analysts expect that Molson Coors Brewing will report full year earnings of $4.62 per share for the current year, with EPS estimates ranging from $4.34 to $4.82. For the next financial year, analysts anticipate that the business will report earnings of $4.83 per share, with EPS estimates ranging from $4.26 to $5.08. Zacks’ EPS averages are a mean average based on a survey of research firms that cover Molson Coors Brewing.

Molson Coors Brewing (NYSE:TAP) last posted its quarterly earnings results on Tuesday, February 12th. The company reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.06. The firm had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.53 billion. Molson Coors Brewing had a net margin of 8.37% and a return on equity of 7.89%. The firm’s quarterly revenue was down 6.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.62 earnings per share.

Several analysts recently issued reports on TAP shares. Citigroup cut their price target on shares of Molson Coors Brewing from $72.00 to $69.00 and set a “buy” rating on the stock in a report on Thursday, February 14th. Jefferies Financial Group reaffirmed a “sell” rating on shares of Molson Coors Brewing in a report on Tuesday, February 12th. Deutsche Bank cut shares of Molson Coors Brewing from a “buy” rating to a “hold” rating and cut their price target for the company from $72.00 to $63.00 in a report on Tuesday, February 12th. Zacks Investment Research cut shares of Molson Coors Brewing from a “hold” rating to a “sell” rating in a report on Wednesday, February 13th. Finally, BMO Capital Markets cut their price target on shares of Molson Coors Brewing from $85.00 to $80.00 and set an “outperform” rating on the stock in a report on Wednesday, February 13th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company. Molson Coors Brewing presently has a consensus rating of “Hold” and a consensus price target of $70.25.

In other Molson Coors Brewing news, CEO Simon Cox sold 9,497 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $60.69, for a total transaction of $576,372.93. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.55% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of TAP. BlackRock Inc. increased its holdings in shares of Molson Coors Brewing by 6.1% in the 4th quarter. BlackRock Inc. now owns 14,961,904 shares of the company’s stock worth $840,259,000 after acquiring an additional 857,107 shares during the period. Dodge & Cox increased its holdings in shares of Molson Coors Brewing by 163.1% in the 3rd quarter. Dodge & Cox now owns 8,367,441 shares of the company’s stock worth $514,598,000 after acquiring an additional 5,187,400 shares during the period. Oregon Public Employees Retirement Fund increased its holdings in shares of Molson Coors Brewing by 10,185.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 5,587,752 shares of the company’s stock worth $99,000 after acquiring an additional 5,533,427 shares during the period. LSV Asset Management increased its holdings in shares of Molson Coors Brewing by 317.4% in the 4th quarter. LSV Asset Management now owns 3,570,297 shares of the company’s stock worth $200,507,000 after acquiring an additional 2,714,997 shares during the period. Finally, Geode Capital Management LLC increased its holdings in shares of Molson Coors Brewing by 8.3% in the 4th quarter. Geode Capital Management LLC now owns 2,550,361 shares of the company’s stock worth $142,989,000 after acquiring an additional 194,378 shares during the period. 76.34% of the stock is currently owned by institutional investors.

TAP opened at $63.83 on Wednesday. The firm has a market capitalization of $13.80 billion, a P/E ratio of 12.66, a P/E/G ratio of 3.58 and a beta of 0.77. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.51 and a current ratio of 0.64. Molson Coors Brewing has a 12-month low of $54.17 and a 12-month high of $72.88.

Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures, markets, and sells beer and other malt beverage products in the United States, Canada, Europe, and internationally. The company sells various products under the Blue Moon, Coors Banquet, Coors Light, Miller Genuine Draft, Miller Lite, Hamm's, Icehouse, Keystone, Mickey's, Miller64, Miller High Life, Milwaukee's Best, Olde English, Steel Reserve, Grolsch, Hop Valley, Leinenkugel's, Peroni Nastro Azurro, Pilsner Urquell, Revolver, Saint Archer, Sol, Terrapin, Crispin, Smith & Forge, Arnold Palmer Spiked, Henry's Hard, Redd's, and Steel Reserve Alloy Series brands.

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