Compania Cervecerias Unidas (CCU) to Release Quarterly Earnings on Tuesday

Compania Cervecerias Unidas (NYSE:CCU) will likely be posting its results before the market opens on Tuesday, February 24th. Analysts expect Compania Cervecerias Unidas to post earnings of $0.4105 per share and revenue of $904.7840 million for the quarter.

Compania Cervecerias Unidas Stock Down 0.1%

Compania Cervecerias Unidas stock opened at $14.05 on Friday. The company has a market capitalization of $2.59 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 4.06 and a beta of 0.49. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.38 and a current ratio of 2.06. Compania Cervecerias Unidas has a fifty-two week low of $11.35 and a fifty-two week high of $15.75. The firm has a 50 day moving average price of $13.87 and a 200 day moving average price of $12.94.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on CCU shares. Zacks Research raised Compania Cervecerias Unidas from a “strong sell” rating to a “hold” rating in a research note on Monday, February 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a research note on Monday, December 29th. Finally, JPMorgan Chase & Co. boosted their target price on Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Three research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $12.00.

Hedge Funds Weigh In On Compania Cervecerias Unidas

Hedge funds and other institutional investors have recently bought and sold shares of the company. Arax Advisory Partners lifted its stake in Compania Cervecerias Unidas by 917.9% in the 4th quarter. Arax Advisory Partners now owns 2,270 shares of the company’s stock valued at $29,000 after buying an additional 2,047 shares in the last quarter. Parallel Advisors LLC grew its stake in shares of Compania Cervecerias Unidas by 69.1% during the 4th quarter. Parallel Advisors LLC now owns 2,557 shares of the company’s stock valued at $33,000 after buying an additional 1,045 shares during the period. EverSource Wealth Advisors LLC raised its holdings in Compania Cervecerias Unidas by 1,252.7% in the second quarter. EverSource Wealth Advisors LLC now owns 3,233 shares of the company’s stock valued at $42,000 after buying an additional 2,994 shares during the period. Rhumbline Advisers increased its holdings in Compania Cervecerias Unidas by 140.6% in the 1st quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock valued at $100,000 after purchasing an additional 3,831 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Compania Cervecerias Unidas during the 3rd quarter valued at about $91,000. 24.07% of the stock is owned by institutional investors and hedge funds.

Compania Cervecerias Unidas Company Profile

Compañía Cervecerías Unidas SA (NYSE: CCU) is a Chile-based beverages company with operations across Latin America. The company engages in the production, marketing and distribution of beer, soft drinks, wines, mineral water and other non-alcoholic beverages. Through a combination of owned brands and licensing agreements, CCU serves both domestic and export markets with a diversified portfolio designed to meet evolving consumer tastes.

In its beer segment, CCU produces flagship brands such as Cristal, Escudo and Royal Guard, while also brewing international labels under license, including Heineken in select markets.