EPS for Molson Coors Brewing Company (TAP) Expected At $0.84

April 17, 2018 - By Winifred Garcia

Molson Coors Brewing Company (NYSE:TAP) LogoInvestors sentiment decreased to 1.11 in Q4 2017. Its down 0.07, from 1.18 in 2017Q3. It is negative, as 62 investors sold Molson Coors Brewing Company shares while 138 reduced holdings. 66 funds opened positions while 156 raised stakes. 159.01 million shares or 1.37% less from 161.22 million shares in 2017Q3 were reported.
Quantbot Tech L P has invested 0.08% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Caprock Gru Inc reported 11,850 shares. Howe Rusling invested in 0% or 160 shares. Highlander Capital Mngmt Lc holds 1,300 shares or 0.08% of its portfolio. Tdam Usa holds 89,651 shares. Moreover, Glob X Communication Limited Company has 0.02% invested in Molson Coors Brewing Company (NYSE:TAP). Moody Bancshares Trust Division has 0.03% invested in Molson Coors Brewing Company (NYSE:TAP) for 9,177 shares. Laurion Management Lp holds 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP) for 4,623 shares. Wells Fargo And Mn has invested 0.09% in Molson Coors Brewing Company (NYSE:TAP). Bancshares Of Montreal Can owns 24 shares or 0% of their US portfolio. Alliancebernstein L P accumulated 0.02% or 314,563 shares. Utah Retirement System holds 32,103 shares. Us Fincl Bank De holds 0.01% or 31,382 shares in its portfolio. Manufacturers Life Insurance Co The invested 0.02% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). Gotham Asset Management Limited Liability Company holds 255,417 shares.

Since January 16, 2018, it had 0 insider buys, and 2 selling transactions for $4.74 million activity. The insider COORS PETER H sold 55,603 shares worth $4.73M.

Analysts expect Molson Coors Brewing Company (NYSE:TAP) to report $0.84 EPS on May, 2.They anticipate $0.08 EPS change or 10.53 % from last quarter’s $0.76 EPS. TAP’s profit would be $181.25 million giving it 21.94 P/E if the $0.84 EPS is correct. After having $0.62 EPS previously, Molson Coors Brewing Company’s analysts see 35.48 % EPS growth. The stock increased 0.22% or $0.16 during the last trading session, reaching $73.71. About 1.46M shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 23.05% since April 17, 2017 and is downtrending. It has underperformed by 34.60% the S&P500.

Molson Coors Brewing Company (NYSE:TAP) Ratings Coverage

Among 10 analysts covering Molson Coors (NYSE:TAP), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Molson Coors had 16 analyst reports since October 23, 2017 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, February 1. The company was maintained on Monday, October 23 by Stifel Nicolaus. The company was maintained on Monday, February 12 by Susquehanna. Credit Suisse upgraded the shares of TAP in report on Monday, February 12 to “Outperform” rating. The company was maintained on Friday, November 3 by Citigroup. Cowen & Co maintained it with “Hold” rating and $85.0 target in Monday, January 8 report. Stifel Nicolaus maintained Molson Coors Brewing Company (NYSE:TAP) rating on Friday, December 22. Stifel Nicolaus has “Buy” rating and $116.0 target. Cowen & Co maintained Molson Coors Brewing Company (NYSE:TAP) on Friday, October 27 with “Hold” rating. The firm has “Buy” rating given on Thursday, April 5 by Citigroup. BMO Capital Markets initiated the shares of TAP in report on Monday, February 5 with “Buy” rating.

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 $15.91 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 11.29 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.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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