Analysts Expect Molson Coors Brewing Co (TAP) Will Announce Earnings of $0.83 Per Share

Equities analysts predict that Molson Coors Brewing Co (NYSE:TAP) will report $0.83 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Molson Coors Brewing’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.74. Molson Coors Brewing posted earnings of $0.76 per share during the same quarter last year, which would indicate a positive year over year growth rate of 9.2%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, May 2nd.

According to Zacks, analysts expect that Molson Coors Brewing will report full-year earnings of $5.15 per share for the current financial year, with EPS estimates ranging from $4.82 to $5.30. For the next year, analysts expect that the firm will report earnings of $5.56 per share, with EPS estimates ranging from $5.28 to $5.80. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that follow Molson Coors Brewing.

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Molson Coors Brewing (NYSE:TAP) last issued its earnings results on Wednesday, February 14th. The company reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.06. Molson Coors Brewing had a return on equity of 7.55% and a net margin of 10.34%. The company had revenue of $2.58 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $0.47 EPS. Molson Coors Brewing’s quarterly revenue was up 4.5% compared to the same quarter last year.

A number of equities analysts recently issued reports on TAP shares. Zacks Investment Research upgraded Molson Coors Brewing from a “hold” rating to a “buy” rating and set a $92.00 target price on the stock in a report on Monday, February 19th. Citigroup cut their target price on Molson Coors Brewing from $102.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, April 5th. Stifel Nicolaus reiterated a “buy” rating and issued a $112.00 target price on shares of Molson Coors Brewing in a report on Friday, February 2nd. Susquehanna Bancshares set a $107.00 target price on Molson Coors Brewing and gave the stock a “buy” rating in a report on Monday, February 12th. Finally, Morgan Stanley started coverage on Molson Coors Brewing in a report on Tuesday, January 9th. They issued an “equal weight” rating and a $88.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $95.30.

Shares of TAP opened at $73.55 on Friday. Molson Coors Brewing has a 12-month low of $72.07 and a 12-month high of $97.50. The company has a current ratio of 0.64, a quick ratio of 0.47 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $15,731.28, a P/E ratio of 16.66, a PEG ratio of 1.66 and a beta of 0.81.

In other Molson Coors Brewing news, Chairman Peter H. Coors sold 55,603 shares of the firm’s stock in a transaction on Wednesday, January 17th. The stock was sold at an average price of $85.01, for a total transaction of $4,726,811.03. Following the transaction, the chairman now directly owns 319,222 shares in the company, valued at approximately $27,137,062.22. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.55% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the business. Valeo Financial Advisors LLC lifted its stake in Molson Coors Brewing by 58.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 1,864 shares of the company’s stock valued at $153,000 after acquiring an additional 686 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in shares of Molson Coors Brewing by 1.0% during the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 73,757 shares of the company’s stock worth $6,053,000 after purchasing an additional 748 shares during the period. Advisor Partners LLC raised its stake in shares of Molson Coors Brewing by 28.5% during the 4th quarter. Advisor Partners LLC now owns 3,811 shares of the company’s stock worth $319,000 after purchasing an additional 846 shares during the period. First Allied Advisory Services Inc. raised its stake in shares of Molson Coors Brewing by 25.8% during the 3rd quarter. First Allied Advisory Services Inc. now owns 4,246 shares of the company’s stock worth $345,000 after purchasing an additional 870 shares during the period. Finally, Meridian Investment Counsel Inc. raised its stake in shares of Molson Coors Brewing by 2.2% during the 4th quarter. Meridian Investment Counsel Inc. now owns 42,454 shares of the company’s stock worth $3,484,000 after purchasing an additional 903 shares during the period. Institutional investors and hedge funds own 77.11% of the company’s stock.

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Molson Coors Brewing Company Profile

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey's, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee's Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry's Hard Soda, and Steel Reserve Alloy Series brands.

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