Let’s see how things are shaping up prior to the announcement. The Company operates in five business segments: Canada, the U.S., Central Europe, the United Kingdom, and Molson Coors global (MCI).
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MillerCoors’ sales fell marginally in the second quarter because of low demand for Coors Light and Miller Lite beers in the United States, despite extensive marketing.
Molson Coors, which brews brands such as Coors Light and Molson Canadian, said profit was helped by cost-cutting and price increases. The 1-year stock price history is in the range of $66.17 – $79.18.
Molson Coors Brewing Company (NYSE:TAP) is a holding company. 1 stock experts have also rated a buy.
Sales decreased to USD1.01 billion from USD1.19 billion previous year. The stock has a 50-day moving average of $71.22 and a 200-day moving average of $74.09.
Molson Coors Brewing(NYSE:TAP) announced the earnings results for Fiscal Year 2015 and Q2. The heightened volatility saw the trading volume jump to 3,842,170 shares. Last year, Cooper reported a second-quarter profit of $38.2 million on sales of $888.7 million. Stockholders of record on Friday, July 31st will be issued a dividend of $0.41 per share. Molson Coors Brewing Co (TAP) reported last quarter earnings on May 07. Analysts expected revenue of USD1.01 billion for the quarter.
Is this a Buying Opportunity?
Analysts on average had expected a profit of 11 cents per share and revenue of $383.5 million, according to Thomson Reuters I/B/E/S. On a consensus basis this yields to an Overweight rating. However, the stock price could fluctuate by $ 6.96 from the estimate as it is suggested by the standard deviation reading.
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A recent analyst activity consisted of Nomura downgrading their Buy rating to Neutral on June 23. Susquehanna raised their target price on shares of Molson Coors Brewing Company from $90.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th.
