Anheuser-Busch InBev SA/NV (NYSE:BUD) Expected to Post Q2 2024 Earnings of $0.82 Per Share

Anheuser-Busch InBev SA/NV (NYSE:BUD) – Equities research analysts at Zacks Research boosted their Q2 2024 earnings per share (EPS) estimates for shares of Anheuser-Busch InBev SA/NV in a research report issued on Wednesday, May 22nd. Zacks Research analyst R. Lohia now forecasts that the consumer goods maker will post earnings per share of $0.82 for the quarter, up from their prior estimate of $0.80. The consensus estimate for Anheuser-Busch InBev SA/NV’s current full-year earnings is $3.41 per share. Zacks Research also issued estimates for Anheuser-Busch InBev SA/NV’s FY2024 earnings at $3.41 EPS, Q4 2025 earnings at $0.98 EPS, FY2025 earnings at $3.88 EPS and FY2026 earnings at $4.49 EPS.

Anheuser-Busch InBev SA/NV (NYSE:BUD) last announced its quarterly earnings data on Wednesday, May 8th. The consumer goods maker reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.69 by $0.06. Anheuser-Busch InBev SA/NV had a net margin of 8.03% and a return on equity of 14.01%. The business had revenue of $14.55 billion for the quarter, compared to analyst estimates of $14.43 billion. During the same quarter in the previous year, the firm posted $0.65 earnings per share. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis.

Separately, TD Cowen dropped their price objective on Anheuser-Busch InBev SA/NV from $67.00 to $65.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 5th. Four equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Anheuser-Busch InBev SA/NV currently has an average rating of “Moderate Buy” and a consensus price target of $71.70.

Anheuser-Busch InBev SA/NV Price Performance

NYSE:BUD opened at $64.63 on Thursday. Anheuser-Busch InBev SA/NV has a 52-week low of $51.66 and a 52-week high of $67.49. The company has a market cap of $112.27 billion, a P/E ratio of 27.15, a P/E/G ratio of 1.55 and a beta of 1.11. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.48 and a current ratio of 0.63. The stock’s 50-day simple moving average is $61.08 and its 200 day simple moving average is $62.22.

Institutional Trading of Anheuser-Busch InBev SA/NV

Several hedge funds and other institutional investors have recently modified their holdings of the stock. DAVENPORT & Co LLC increased its stake in shares of Anheuser-Busch InBev SA/NV by 25.9% during the fourth quarter. DAVENPORT & Co LLC now owns 1,507,181 shares of the consumer goods maker’s stock worth $97,415,000 after purchasing an additional 309,977 shares during the period. SG Americas Securities LLC increased its position in Anheuser-Busch InBev SA/NV by 232.4% during the fourth quarter. SG Americas Securities LLC now owns 25,052 shares of the consumer goods maker’s stock worth $1,619,000 after acquiring an additional 17,516 shares during the period. Simplicity Wealth LLC acquired a new stake in Anheuser-Busch InBev SA/NV in the 1st quarter worth about $1,604,000. Allworth Financial LP boosted its holdings in Anheuser-Busch InBev SA/NV by 11.8% in the 4th quarter. Allworth Financial LP now owns 3,538 shares of the consumer goods maker’s stock valued at $229,000 after purchasing an additional 373 shares during the period. Finally, QRG Capital Management Inc. acquired a new position in shares of Anheuser-Busch InBev SA/NV during the 3rd quarter worth approximately $1,449,000. Institutional investors own 5.53% of the company’s stock.

Anheuser-Busch InBev SA/NV Increases Dividend

The business also recently disclosed an annual dividend, which will be paid on Friday, June 7th. Stockholders of record on Monday, May 6th will be given a $0.8722 dividend. The ex-dividend date of this dividend is Friday, May 3rd. This is a positive change from Anheuser-Busch InBev SA/NV’s previous annual dividend of $0.61. This represents a dividend yield of 1.1%. Anheuser-Busch InBev SA/NV’s dividend payout ratio is presently 27.31%.

Anheuser-Busch InBev SA/NV Company Profile

Anheuser-Busch InBev SA/NV produces, distributes, exports, markets, and sells beer and beverages. It offers a portfolio of approximately 500 beer brands, which primarily include Budweiser, Corona, and Stella Artois; Beck's, Hoegaarden, Leffe, and Michelob Ultra; and Aguila, Antarctica, Bud Light, Brahma, Cass, Castle, Castle Lite, Cristal, Harbin, Jupiler, Modelo Especial, Quilmes, Victoria, Sedrin, and Skol brands.