Compania Cervecerias Unidas (NYSE:CCU) Issues Quarterly Earnings Results
by Amy Steele · The Cerbat GemCompania Cervecerias Unidas (NYSE:CCU – Get Free Report) posted its earnings results on Wednesday. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.08, Zacks reports. Compania Cervecerias Unidas had a return on equity of 7.54% and a net margin of 4.14%.The company had revenue of $884.42 million for the quarter, compared to the consensus estimate of $839.83 million.
Compania Cervecerias Unidas Stock Down 0.7%
NYSE:CCU opened at $11.95 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.90 and a debt-to-equity ratio of 0.67. The stock’s fifty day moving average is $11.86 and its two-hundred day moving average is $12.89. Compania Cervecerias Unidas has a 52 week low of $10.71 and a 52 week high of $15.36. The stock has a market capitalization of $2.21 billion, a price-to-earnings ratio of 17.57 and a beta of 0.53.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on the company. Weiss Ratings reiterated a “hold (c)” rating on shares of Compania Cervecerias Unidas in a report on Friday, March 27th. JPMorgan Chase & Co. boosted their price objective on shares of Compania Cervecerias Unidas from $10.00 to $14.00 and gave the company an “underweight” rating in a report on Monday, February 2nd. Finally, Zacks Research cut shares of Compania Cervecerias Unidas from a “hold” rating to a “strong sell” rating in a research report on Wednesday, April 1st. One investment analyst has rated the stock with a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Strong Sell” and a consensus target price of $12.00.
Read Our Latest Report on Compania Cervecerias Unidas
Institutional Trading of Compania Cervecerias Unidas
Several hedge funds have recently made changes to their positions in the business. Goldman Sachs Group Inc. purchased a new stake in Compania Cervecerias Unidas during the 1st quarter worth approximately $579,000. Jane Street Group LLC purchased a new position in Compania Cervecerias Unidas in the 1st quarter valued at approximately $194,000. Rhumbline Advisers grew its stake in shares of Compania Cervecerias Unidas by 140.6% in the first quarter. Rhumbline Advisers now owns 6,555 shares of the company’s stock worth $100,000 after acquiring an additional 3,831 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Compania Cervecerias Unidas by 172.2% in the second quarter. American Century Companies Inc. now owns 173,672 shares of the company’s stock worth $2,244,000 after acquiring an additional 109,867 shares in the last quarter. Finally, Russell Investments Group Ltd. acquired a new stake in shares of Compania Cervecerias Unidas in the second quarter valued at $164,000. Institutional investors and hedge funds own 24.07% of the company’s stock.
About Compania Cervecerias Unidas
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.