Molson Coors Beverage (TAP) Expected to Announce Quarterly Earnings on Thursday

Molson Coors Beverage (NYSE:TAP) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Molson Coors Beverage to post earnings of $1.17 per share and revenue of $2.70 billion for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Molson Coors Beverage Stock Down 1.2 %

TAP stock opened at $53.60 on Tuesday. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.99 and a quick ratio of 0.74. Molson Coors Beverage has a 12 month low of $49.19 and a 12 month high of $69.18. The firm has a market capitalization of $11.04 billion, a PE ratio of 12.07, a P/E/G ratio of 2.07 and a beta of 0.85. The company’s 50 day simple moving average is $56.89 and its 200-day simple moving average is $56.27.

Molson Coors Beverage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were issued a $0.44 dividend. The ex-dividend date was Friday, December 6th. This represents a $1.76 dividend on an annualized basis and a yield of 3.28%. Molson Coors Beverage’s dividend payout ratio (DPR) is 39.64%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group reduced their price target on Molson Coors Beverage from $60.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, January 16th. Wells Fargo & Company upgraded Molson Coors Beverage from an “underweight” rating to an “overweight” rating and increased their target price for the stock from $52.00 to $74.00 in a research report on Friday, November 8th. JPMorgan Chase & Co. lowered their price target on Molson Coors Beverage from $59.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, January 30th. Barclays cut their price objective on shares of Molson Coors Beverage from $51.00 to $48.00 and set an “underweight” rating on the stock in a report on Friday, January 17th. Finally, BNP Paribas initiated coverage on shares of Molson Coors Beverage in a report on Monday, November 25th. They issued a “neutral” rating and a $64.00 target price for the company. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Molson Coors Beverage has an average rating of “Hold” and an average target price of $62.36.

About Molson Coors Beverage

Molson Coors Beverage Company manufactures, markets, and sells beer and other malt beverage products under various brands in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers flavored malt beverages including hard seltzers, craft, spirits and energy, and ready to drink beverages.