Compania Cervecerias Unidas (CCU) Expected to Announce Earnings on Wednesday

Compania Cervecerias Unidas (NYSE:CCU) is anticipated to post its results before the market opens on Wednesday, November 5th. Analysts expect Compania Cervecerias Unidas to post earnings of $0.17 per share and revenue of $783.0770 million for the quarter.

Compania Cervecerias Unidas Stock Up 0.2%

Shares of NYSE:CCU opened at $12.92 on Tuesday. The firm has a market cap of $2.39 billion, a P/E ratio of 15.20, a P/E/G ratio of 1.20 and a beta of 0.73. The company has a quick ratio of 1.43, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Compania Cervecerias Unidas has a 12-month low of $10.65 and a 12-month high of $15.75. The business has a fifty day simple moving average of $12.15 and a 200 day simple moving average of $12.91.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. The Goldman Sachs Group lowered their target price on Compania Cervecerias Unidas from $11.50 to $10.00 and set a “sell” rating for the company in a research report on Thursday, September 11th. Weiss Ratings lowered Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, Compania Cervecerias Unidas presently has a consensus rating of “Sell” and an average target price of $10.00.

Institutional Investors Weigh In On Compania Cervecerias Unidas

A number of institutional investors have recently modified their holdings of the company. Bank of America Corp DE boosted its stake in shares of Compania Cervecerias Unidas by 8.7% in the 2nd quarter. Bank of America Corp DE now owns 282,777 shares of the company’s stock valued at $3,653,000 after purchasing an additional 22,570 shares during the last quarter. Marshall Wace LLP boosted its stake in shares of Compania Cervecerias Unidas by 83.8% in the 2nd quarter. Marshall Wace LLP now owns 255,380 shares of the company’s stock valued at $3,300,000 after purchasing an additional 116,418 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of Compania Cervecerias Unidas by 172.2% in the 2nd quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock valued at $2,244,000 after purchasing an additional 109,867 shares during the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in Compania Cervecerias Unidas by 386.6% during the second quarter. Arrowstreet Capital Limited Partnership now owns 166,244 shares of the company’s stock worth $2,148,000 after acquiring an additional 132,083 shares in the last quarter. Finally, Goldman Sachs Group Inc. bought a new position in Compania Cervecerias Unidas during the first quarter worth $579,000. 24.07% of the stock is owned by institutional investors.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA operates as a beverage company in Chile, Argentina, Bolivia, Colombia, Paraguay, and Uruguay. The company operates through three segments: Chile, International Business, and Wine. It produces and sells alcoholic and non-alcoholic beer under proprietary and licensed brands, as well as distributes Pernod Ricard products in non-supermarket retail stores.