Molson Coors Beverage (TAP) to Release Earnings on Tuesday

Molson Coors Beverage (NYSE:TAPGet Rating) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 3rd. Analysts expect Molson Coors Beverage to post earnings of $0.18 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Molson Coors Beverage (NYSE:TAPGet Rating) last released its earnings results on Wednesday, February 23rd. The company reported $0.81 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.09). Molson Coors Beverage had a return on equity of 6.78% and a net margin of 8.08%. The company had revenue of $2.62 billion during the quarter, compared to analysts’ expectations of $2.55 billion. During the same period last year, the firm posted $0.40 EPS. Molson Coors Beverage’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts expect Molson Coors Beverage to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

TAP stock opened at $54.44 on Tuesday. Molson Coors Beverage has a one year low of $42.46 and a one year high of $61.48. The company’s fifty day moving average price is $52.32 and its 200-day moving average price is $48.85. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.54 and a current ratio of 0.77. The company has a market capitalization of $11.81 billion, a PE ratio of 11.76, a price-to-earnings-growth ratio of 2.92 and a beta of 0.93.

The business also recently announced a quarterly dividend, which was paid on Friday, March 18th. Stockholders of record on Monday, March 7th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 2.79%. The ex-dividend date was Friday, March 4th. This is an increase from Molson Coors Beverage’s previous quarterly dividend of $0.34. Molson Coors Beverage’s payout ratio is 32.83%.

Several equities analysts have recently commented on TAP shares. TheStreet raised shares of Molson Coors Beverage from a “c” rating to a “b-” rating in a report on Wednesday, February 23rd. StockNews.com started coverage on shares of Molson Coors Beverage in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Morgan Stanley upped their price target on shares of Molson Coors Beverage from $49.00 to $51.00 and gave the company an “equal weight” rating in a research note on Thursday, February 24th. Finally, Citigroup upped their price target on shares of Molson Coors Beverage from $52.00 to $58.00 and gave the company a “buy” rating in a research note on Thursday, February 24th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $55.13.

A number of hedge funds have recently bought and sold shares of TAP. BlackRock Inc. increased its position in Molson Coors Beverage by 4.2% during the fourth quarter. BlackRock Inc. now owns 18,003,081 shares of the company’s stock valued at $834,439,000 after acquiring an additional 719,698 shares during the last quarter. Morgan Stanley increased its position in Molson Coors Beverage by 12.3% during the second quarter. Morgan Stanley now owns 1,588,230 shares of the company’s stock valued at $85,272,000 after acquiring an additional 173,457 shares during the last quarter. Wells Fargo & Company MN increased its position in Molson Coors Beverage by 22.3% during the fourth quarter. Wells Fargo & Company MN now owns 877,672 shares of the company’s stock valued at $40,680,000 after acquiring an additional 160,173 shares during the last quarter. Marshall Wace LLP bought a new position in Molson Coors Beverage during the fourth quarter valued at $4,598,000. Finally, Parametric Portfolio Associates LLC increased its position in Molson Coors Beverage by 6.8% during the fourth quarter. Parametric Portfolio Associates LLC now owns 1,318,183 shares of the company’s stock valued at $61,098,000 after acquiring an additional 83,636 shares during the last quarter. Institutional investors and hedge funds own 79.94% of the company’s stock.

Molson Coors Beverage Company Profile (Get Rating)

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, Middle East, Africa, and Asia Pacific. It offers flavored malt beverages, craft, and ready to drink beverages. The company was formerly known as Molson Coors Brewing Company and changed its name to Molson Coors Beverage Company in January 2020.

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Earnings History for Molson Coors Beverage (NYSE:TAP)

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