Brokers Set Expectations for Molson Coors Beverage’s Q1 2021 Earnings


Molson Coors Beverage (NYSE:TAP) – Investment analysts at Jefferies Financial Group issued their Q1 2021 earnings estimates for shares of Molson Coors Beverage in a research report issued on Thursday, February 11th. Jefferies Financial Group analyst K. Grundy forecasts that the company will post earnings per share of $0.36 for the quarter. Jefferies Financial Group has a “Buy” rating and a $57.00 price target on the stock. Jefferies Financial Group also issued estimates for Molson Coors Beverage’s Q2 2021 earnings at $1.27 EPS, Q4 2021 earnings at $0.92 EPS and FY2023 earnings at $4.96 EPS. Molson Coors Beverage (NYSE:TAP) last issued its quarterly earnings data on Wednesday, February 10th. The company reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.77 by ($0.37). Molson Coors Beverage had a net margin of 4.86% and a return on equity of 7.35%.

A number of other equities research analysts have also recently weighed in on TAP. Zacks Investment Research raised Molson Coors Beverage from a “hold” rating to a “buy” rating and set a $39.00 price objective for the company in a research note on Tuesday, November 3rd. Wells Fargo & Company began coverage on Molson Coors Beverage in a research note on Monday, December 7th. They issued an “equal weight” rating and a $51.00 price objective for the company. Morgan Stanley lifted their target price on Molson Coors Beverage from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, January 14th. TheStreet lowered Molson Coors Beverage from a “b-” rating to a “c” rating in a report on Thursday. Finally, Cowen lifted their target price on Molson Coors Beverage from $35.00 to $55.00 in a report on Thursday, January 21st. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $47.86.

(Ad)

“Hi, I’m Jeff Brown… I’m about to get in this Tesla and drive up to a location just a few miles from here to show you Elon Musk’s next big project…

What happens next will shock you…”

Shares of NYSE TAP opened at $44.01 on Monday. Molson Coors Beverage has a twelve month low of $32.11 and a twelve month high of $56.10. The company has a current ratio of 0.61, a quick ratio of 0.46 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $49.25 and a 200-day simple moving average of $41.51. The stock has a market capitalization of $17.86 billion, a PE ratio of 16.36, a PEG ratio of 3.27 and a beta of 1.14.

In other news, Director James A. Winnefeld, Jr. bought 1,000 shares of Molson Coors Beverage stock in a transaction dated Friday, February 12th. The stock was acquired at an average cost of $44.49 per share, with a total value of $44,490.00….



Read MoreBrokers Set Expectations for Molson Coors Beverage’s Q1 2021 Earnings