Close | Chg | Chg % | |
---|---|---|---|
$61.79 | 0.69 | 1.13% | 0.69 1.13% |
5 Day |
|
1 Month |
|
3 Month |
|
YTD |
|
1 Year |
|
Shares of Molson Coors Brewing Co. rose 0.6% in afternoon trade Wednesday, with most of the gains coming after the beer brewer said it remained "committed" to its 2018 guidance ranges. The stock was up just 0.2% prior to a trading halt, which came ahead of the company's disclosure of what it presented and its analyst and investor gathering. Among the guidance that remained unchanged were 2018 underlying free cash flow of $1.5 billion, plus-or-minus 10% and costs savings of $210 million. Prior to Wednesday's rally, the stock had plunged 22% in three months, with the bulk of the losses (15%) coming on May 2, after the company reported first-quarter earnings and revenue that were well below expectations, as volumes declines. In comparison, the S&P 500 had gained 1% in the three months through Wednesday.
Molson Coors stock halted for news pending
Molson Coors downgraded to hold from buy at Stifel Nicolaus
Molson Coors Brewing Co. on Wednesday reported first-quarter earnings that missed analyst expectations. The company said it had net income of $278.1 million, up from $208.5 million a year ago, and per-share earnings of $1.28, compared to 96 cents. Adjusted earnings per share came to 48 cents, down from 80 cents a year ago, and missing the FactSet consensus of 78 cents. Revenue of $2.33 billion was down 4.8% from $2.45 billion in the year-ago period. Worldwide brand volumes slid 3.1%, the company said. In a release, CEO Mark Hunter noted that the first quarter is "seasonally the softest profit quarter of the year for us" and reaffirmed full-year 2018 guidance. Shares have lost 12.7% so far in the year to date, worse than the 1% decline in the S&P 500 .
Molson Coors Q1 revenue $2.33 billion, down 4.8% from $2.45 billion year ago
Molson Coors Q1 EPS below FactSet consensus of 78 cents
Molson Coors net income in Q1 $278.1 million vs. $208.5 million
Molson Coors Q1 adj. EPS 48 cents vs. 80 cents a year ago
Molson Coors Q1 EPS $1.28 vs. 96 cents year ago
Han Solo stumbles, Roseanne Barr tweets, and Trump blusters: It was a bad week in the House That Walt Built. But investors should hold on.
American drinkers are abandoning beer for harder stuff, squeezing the world’s biggest brewers. AB InBev, which makes Budweiser and Bud Light, said sales volumes in North America fell 4.1%.
A graphic look at selected stock activity for the week ended on May 4, 2018. Included are Pandora, Marathon Petroleum, and Molson Coors
Among the companies with shares expected to trade actively in Wednesday's session are Apple, T-Mobile, Mastercard, Snap, CVS Health and Mondelez.
The Nasdaq closed at an all-time high last week—and if the Nasdaq can do it, so can the S&P 500 and the Dow.
Recently marked down, the shares of Campbell Soup, Altria, and Molson Coors have potential.
Molson Coors backs guidance at investor event
Dividend Sensei's Portfolio Update 37: How Warren Buffett's True Secret To Success Can Make You Rich
Why Invest In Companies That Partner With Sports Leagues?
Stocks To Watch: Eyes On Apple's WWDC, SCOTUS And D.C.
Tariffs weigh on the food/beverage sector
Dividend Sensei's Portfolio Update 36: To Get Rich First, You Need To Do One Very Important Thing
Tracking Allan Mecham's Arlington Value Capital Portfolio - Q1 2018 Update
On May 14, Susquehanna raised the target price for Molson Coors Brewing (TAP) stock to $80 from $72. Stifel downgraded the stock to “hold.”
Dividend Sensei's Portfolio Update 35: If You Want To Get Rich, Follow The Data
Consider Selling When Your Stock Does This
In a report released today, Pablo Zuanic from Susquehanna assigned a Buy rating to Molson ...[...]
Stifel No Longer Craving Molson Coors, Downgrades To Hold
IMF May Buys: The 14 Stocks Added To My Fund
Game Plan For The Week - Cramer's Mad Money (5/11/18)
In a report released today, Pablo Zuanic from Susquehanna maintained a Buy rating on Molson ...[...]
7 Consumer Goods Stocks That Will Rise Again
Molson Coors Falls Too Far On Earnings: I'm A Buyer
Global Craft Cider Industry Sales, Revenue, Gross Margin, Market Share, by Regions (2013-2025)
Molson Coors Brewing Company Announces Regular Quarterly Dividend
Molson Coors Brewing Company June Investor Events
Global Alcohol Market Growth Opportunities: The Boston Beer Company, Molson Coors Brewing Co., Heineken Holding N.V.
Consolidated Research: 2018 Summary Expectations for Advance Auto Parts, Old Republic International, MasTec, Alliant Energy, Molson Coors Brewing, and Alteryx -- Fundamental Analysis, Key Performance Indications
Important Stock Score Report Updates for Esperion Therapeutics, Integrated Media Technology, Mastercard, Molson Coors, and Wayfair
Molson Coors Reports 2018 First Quarter Results
Global Alcohol Market Competitive landscape: The Boston Beer Company, Craft Brew Alliance, United Breweries Limited, Heineken Holding N.V., Carlsberg Group, Diageo PLC, Bacardi Limited, Inc., Suntory Holdings Ltd., Inc., Bronco Wine Company and Molson Coors Brewing Co.
Molson Coors Brewing Company to Webcast 2018 First Quarter Earnings Conference Call
Citigroup Inc., Genesis Healthcare, Molson Coors Brewing Co., Tempur Sealy International, Overstock.com, and 75 Other Companies Join NACD in Q1 2018
Boyden Places Board Members for Goodwill Industries International
United States : Gildan Activewear Nominates Four New Directors to Board
Beverages Stocks' Research Reports Released on Ambev, Anheuser-Busch InBev, Fomento Economico Mexicano, and Molson Coors
Global Alcohol Market Opportunities 2018: Suntory Holdings , Molson Coors Brewing Co., Craft Brew Alliance
Global Alcohol Market Opportunities 2018: Suntory Holdings , Molson Coors Brewing Co., Craft Brew Alliance
Molson Coors Brewing Co. is a holding company, which engages in the provision of beer. It operates through the following segments: United States, Canada, Europe, International, and Corporate. The United States segment consists of production, marketing and sales of its brands, and other owned and licensed brands in the United States. The Canada segment includes production, marketing and sales of its brands, and other owned and licensed brands in Canada. The Europe segment comprises of production, marketing and sales of its brands as well as a number of regional brands in the United Kingdom, Republic of Ireland, and Central Europe. The International segment focuses its operations on Latin America, Europe, Asia Pacific, and Africa. The Corporate segment represents interest and certain other general and administrative costs that are not allocated to any of the operating segments. The company was founded in 1873 and is headquartered in Denver, CO. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Craft Brew Alliance Inc. | $376.54M | |
Boston Beer Co. Cl A | $3.07B | |
Compania Cervecerias Unidas S.A. ADR | $4.69B | |
Constellation Brands Inc. Cl B | $43.11B | |
Kirin Holdings Co. Ltd. ADR | $25.93B |