Molson Coors Brewing Company (TAP) EPS Estimated At $0.59

January 20, 2018 - By Maria Brooks

 Molson Coors Brewing Company (TAP) EPS Estimated At $0.59
Investors sentiment increased to 1.18 in Q3 2017. Its up 0.28, from 0.9 in 2017Q2. It is positive, as 48 investors sold Molson Coors Brewing Company shares while 137 reduced holdings. 67 funds opened positions while 152 raised stakes. 161.22 million shares or 2.19% less from 164.83 million shares in 2017Q2 were reported.
Moreover, Geode Ltd Limited Liability Company has 0.06% invested in Molson Coors Brewing Company (NYSE:TAP). British Columbia – Canada-based British Columbia Investment Mgmt has invested 0.05% in Molson Coors Brewing Company (NYSE:TAP). Narwhal Capital holds 0.23% or 11,445 shares. Hutchin Hill Cap Lp accumulated 0.58% or 187,400 shares. Deltec Asset Mgmt Ltd Liability Com invested in 0.36% or 21,564 shares. Howe & Rusling Inc accumulated 0% or 125 shares. Canada Pension Plan Investment Board accumulated 0.04% or 220,302 shares. Tower Research Ltd (Trc) holds 0% or 214 shares. Invesco Limited reported 237,591 shares. Keybank Association Oh invested in 0% or 6,351 shares. Minnesota-based Advantus Cap Mgmt has invested 0.04% in Molson Coors Brewing Company (NYSE:TAP). Moreover, Arizona State Retirement System has 0.09% invested in Molson Coors Brewing Company (NYSE:TAP). Pathstone Family Office Lc holds 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 15 shares. Hightower Advisors Limited Liability Company holds 0.01% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 16,737 shares. Commonwealth Equity Svcs owns 0.01% invested in Molson Coors Brewing Company (NYSE:TAP) for 11,632 shares.

Since August 3, 2017, it had 0 insider purchases, and 1 insider sale for $1.58 million activity.

Analysts expect Molson Coors Brewing Company (NYSE:TAP) to report $0.59 EPS on February, 13.They anticipate $0.13 EPS change or 28.26 % from last quarter’s $0.46 EPS. TAP’s profit would be $127.13M giving it 35.50 P/E if the $0.59 EPS is correct. After having $1.34 EPS previously, Molson Coors Brewing Company’s analysts see -55.97 % EPS growth. The stock increased 0.62% or $0.52 during the last trading session, reaching $83.77. About 1.23 million shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 3.45% since January 20, 2017 and is downtrending. It has underperformed by 20.15% the S&P500.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 15 analysts covering Molson Coors Brewing Company (NYSE:TAP), 7 have Buy rating, 1 Sell and 7 Hold. Therefore 47% are positive. Molson Coors Brewing Company has $159 highest and $71 lowest target. $99.19’s average target is 18.41% above currents $83.77 stock price. Molson Coors Brewing Company had 44 analyst reports since August 7, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the shares of TAP in report on Monday, September 18 with “Buy” rating. Susquehanna maintained the shares of TAP in report on Wednesday, September 21 with “Positive” rating. Susquehanna maintained the stock with “Buy” rating in Friday, June 2 report. The rating was maintained by Cowen & Co on Tuesday, August 22 with “Hold”. Cowen & Co maintained Molson Coors Brewing Company (NYSE:TAP) rating on Thursday, July 13. Cowen & Co has “Hold” rating and $9600 target. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Neutral” rating by Credit Suisse on Friday, September 29. The rating was maintained by Credit Suisse with “Neutral” on Thursday, August 3. The firm has “Neutral” rating by Credit Suisse given on Monday, January 23. The company was maintained on Monday, September 19 by Citigroup. The stock of Molson Coors Brewing Company (NYSE:TAP) earned “Buy” rating by Bryan Garnier & Cie on Tuesday, November 17.

Molson Coors Brewing Company manufactures and sells beer and other beverage products in the United States, Canada, Europe, and internationally. The company has market cap of $18.05 billion. It sells various products under the Coors Light, Miller Lite, Coors Banquet, the Blue Moon Brewing Company brands, the Jacob Leinenkugel Brewing Company brands, Keystone, Icehouse, Mickey??s, Miller 64, Miller Genuine Draft, Miller High Life, Milwaukee??s Best, Hamm's, Olde English 800, Steel Reserve, Crispin, Smith & Forge, Redd's, the Henry??s Hard Soda, and Steel Reserve Alloy Series brands. It has a 8.08 P/E ratio. The firm also offers various brands, including Molson Canadian, Belgian Moon, Carling, Carling Black Label, Creemore Springs, the Granville Island, Mad Jack, the Miller, Molson Canadian 67, Molson Canadian Cider, Molson Dry, Molson Export, Old Style Pilsner, and the Rickard's family of brands.

More news for Molson Coors Brewing Company (NYSE:TAP) were recently published by: Seekingalpha.com, which released: “Molson Coors: 2017 Trash To 2018 Treasure” on December 27, 2017. Businesswire.com‘s article titled: “Molson Coors Brewing Company to Webcast 2017 Fourth Quarter and Full Year …” and published on January 15, 2018 is yet another important article.

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