That translated into $1.41 per diluted share, down from $1.57 per share in the second quarter of 2014.
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Molson Coors Brewing Company (NYSE:TAP): The stock price is expected to reach $ 88 in the short term.
On average, nine analysts polled by Thomson Reuters expected the company to report profit per share of USD1.32 for the quarter. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.22%. Post opening the session at $70.21, the shares hit an intraday low of $69.47 and an intraday high of $70.25 and the price vacillated in this range throughout the day.
The company shares have rallied 1.02% in the past 52 Weeks. Molson Coors Brewing Company presently has a consensus rating of “Buy” and a consensus target price of $84.00. The heightened volatility saw the trading volume jump to 3,842,170 shares. On April 9, 2015 The shares registered one year high of $79.18 and one year low was seen on October 16, 2014 at $66.17.
Molson Coors Brewing Company (NYSE:TAP) released its quarterly earnings data on Thursday. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The company has a market cap of $11,331 million and the number of outstanding shares have been calculated to be 162,819,000 shares.
Molson Coors has been struggling with weak volumes in the major markets of Canada, the U.S. and Europe since the past many quarters.
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Molson Coors Brewing Co (TAP) has a price to earnings ratio of 30.09 versus Consumer Goods sector average of 14.81. MCBC is a brewer and has a diverse portfolio of owned and partner brands, including signature brands Coors Light, Molson Canadian, Carling and Staropramen, as well as craft and specialty beers, such as Blue Moon, Creemore Springs, Cobra, Doom Bar and Thunderbolt. In January 2013, it acquired Ireland’s Franciscan Well brewery.
