Analyst Expect Big Moves From Ambev S.A. ADR (NYSE: ABEV)

Currently, there are 15.74B common shares owned by the public and among those 15.74B shares have been available to trade.

However, the script later moved the day high at 2.5950, down -1.16%. The company’s stock has a 5-day price change of 0.00% and -1.11% over the past three months. ABEV shares are trading -8.57% year to date (YTD), with the 12-month market performance up to 6.28% higher. It has a 12-month low price of $2.29 and touched a high of $3.06 over the same period. ABEV has an average intraday trading volume of 8.75 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.69%, -5.00%, and -4.94% respectively.

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Institutional ownership of Ambev S.A. ADR (NYSE: ABEV) shares accounts for 8.56% of the company’s 15.74B shares outstanding.

It has a market capitalization of $40.30B and a beta (3y monthly) value of 1.12. The stock’s trailing 12-month PE ratio is 13.68, while the earnings-per-share (ttm) stands at $0.19. The company has a PEG of 2.85 and a Quick Ratio of 0.79 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.76% over the week and 1.77% over the month.

Analysts forecast that Ambev S.A. ADR (ABEV) will achieve an EPS of $0.05 for the current quarter, $0.04 for the next quarter and $0.18 for 2024. The lowest estimate earnings-per-share for the quarter is $0.03 while analysts give the company a high EPS estimate of $0.06. Comparatively, EPS for the current quarter was $0.06 a year ago. Earnings per share for the fiscal year are expected to increase by 4.76%, and -0.45% over the next financial year. EPS should grow at an annualized rate of 4.80% over the next five years, compared to 3.85% over the past 5-year period.

Bernstein on their part issued Outperform rating on May 24, 2023.

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