Compania Cervecerias Unidas (NYSE:CCU) Releases Earnings Results, Meets Expectations

Compania Cervecerias Unidas (NYSE:CCU) announced its earnings results on Tuesday. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09, FiscalAI reports. Compania Cervecerias Unidas had a net margin of 3.71% and a return on equity of 6.77%.

Compania Cervecerias Unidas Price Performance

Compania Cervecerias Unidas stock opened at $10.97 on Thursday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.84. Compania Cervecerias Unidas has a 52 week low of $10.14 and a 52 week high of $15.36. The stock has a market capitalization of $2.03 billion, a P/E ratio of 17.70, a price-to-earnings-growth ratio of 1.02 and a beta of 0.51. The stock has a fifty day moving average of $11.08 and a 200-day moving average of $11.90.

Wall Street Analysts Forecast Growth

CCU has been the topic of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of Compania Cervecerias Unidas from $14.00 to $13.00 and set an “underweight” rating on the stock in a research report on Monday, August 31st. Wall Street Zen lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. HSBC lowered shares of Compania Cervecerias Unidas from a “buy” rating to a “reduce” rating and decreased their target price for the stock from $15.00 to $10.00 in a research report on Monday, September 21st. Finally, Weiss Ratings cut shares of Compania Cervecerias Unidas from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Strong Sell” and an average target price of $11.50.

About Compania Cervecerias Unidas

Compañía Cervecerías Unidas SA (CCU) is a Chile-based beverage company with operations spanning alcoholic and non-alcoholic drinks. The company traces its roots to Chile’s brewing industry and was established in 1902. Its principal activities include the production, marketing and distribution of beer, soft drinks, bottled water, juices and other beverages.

CCU’s beer portfolio includes Chilean brands such as Cristal, Escudo and Royal Guard, along with internationally recognized brands produced or distributed under license.