Heineken (OTCMKTS:HEINY) – Equities research analysts at Jefferies Financial Group dropped their FY2019 earnings estimates for Heineken in a report issued on Monday, July 29th, Zacks Investment Research reports. Jefferies Financial Group analyst E. Mundy now anticipates that the company will earn $2.53 per share for the year, down from their prior estimate of $2.54. Jefferies Financial Group also issued estimates for Heineken’s FY2020 earnings at $2.70 EPS and FY2021 earnings at $2.88 EPS.
Separately, Zacks Investment Research upgraded shares of Heineken from a “sell” rating to a “hold” rating in a research note on Friday, August 16th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $59.00.
OTCMKTS HEINY traded down $0.49 during trading hours on Wednesday, reaching $52.95. The company had a trading volume of 35,007 shares, compared to its average volume of 38,482. The stock has a market capitalization of $61.00 billion, a P/E ratio of 21.10, a price-to-earnings-growth ratio of 2.90 and a beta of 0.72. Heineken has a 1-year low of $42.76 and a 1-year high of $57.84. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 0.81. The stock has a 50-day moving average of $54.70 and a 200 day moving average of $53.15.
Heineken Company Profile
Heineken N.V. engages in brewing and selling beer and cider. The company operates through Africa, Middle East & Eastern Europe; Americas; Asia Pacific; and Europe segments. It offers beer, cider, soft drinks, and other beverages. The company offers its beers under the Heineken, Amstel, Desperados, Sol, Tiger, Tecate, Red Stripe, Kruovice, Birra Morett, Affligem, Lagunitas, and Mort Subite brands, as well as under various other regional and local brands; and cider under the Strongbow Apple Ciders, Orchard Thieves, Stassen, Bulmers, Old Mout, and Blind Pig brands.