Molson Coors' shares fall on accounting errors, lower sales

Molson Coors

Molson Coors

Shares of Molson Coors Brewing lost more than 9% after the beer maker reported its fourth-quarter financial results. Quadrant Capital Group LLC now owns 1,255 shares of the company's stock valued at $66,000 after purchasing an additional 194 shares during the last quarter. Molson Coors Brewing Company (NYSE:TAP)'s price to sales ratio for trailing twelve month stands at 1.3, whereas its price to book ratio for the most recent quarters is at 1.01.

Among 5 analysts covering Molson Coors Brewing (NYSE:TAP), 3 have Buy rating, 1 Sell and 1 Hold. Washington Bancorporation has invested 0.01% in Molson Coors Brewing Company (NYSE:TAP). Wall Street now sees -56.52 % negative EPS growth despite Molson Coors Brewing Company last quarter's EPS of $1.84.

Xeris Pharmaceuticals saw its stock drop 21.5% following the specialty pharmaceutical company's announcement that it would do a secondary public offering of stock.

Molson Coors Brewing Company (NYSE:TAP) as of current trade, has shown weekly performance of -1.61% which was maintained at 6.46% in one month period.

Jussie Smollett Sits Down With Robin Roberts For 'GMA' Exclusive (Clip)
Smollett said he was "pissed off" not only by his attackers but also by those who had questioned the veracity of his account. Asked why he hesitated a half hour after the attack to phone police, Smollett said, "There's a level of pride there".

Molson Coors Brewing Company (TAP) added 0.65% with the finishing price of $65.36 in Monday Trading Session. The shares were sold at an average price of $64.75, for a total value of $168,026.25. Following the transaction, the insider now owns 49,946 shares of the company's stock, valued at approximately $3,234,003.50. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. This is a rise of 625,845 shares over the average 1,839,200 shares that were traded daily over the last three months.

The stock is trading -21.08% away from its 52 week high of $82.29 and 19.88% far from the stock's low point over the past 52 weeks, which was $54.17. LendingClub Corporation debt-to-equity ratio now stands at 0.35, while its quick ratio hovers at.

The PEG ratio is used to determine a stock's value while taking the company's earnings growth into account, and is considered to provide a more complete picture than the P/E. Molson Coors Brewing Company (NYSE:TAP) has a current PEG of 2.06. Pnc Fincl Serv Grp Incorporated Incorporated invested 0% in Molson Coors Brewing Company (NYSE:TAP). Rampart Inv Mgmt Ltd Limited Liability Company has 0.06% invested in Molson Coors Brewing Company (NYSE:TAP) for 7,629 shares. For the fourth quarter, sales fell 6.2% to $2.42 billion, missing analysts' estimate of $2.54 billion, with USA sales declining 7% to $1.6 billion due to lower volumes in the premium light segment. The EPS diference is $0.18 or 29.03 % up from last years number. On average, equities analysts predict that Molson Coors Brewing Co will post 4.96 earnings per share for the current fiscal year. If $0.80 is reported, TAP's profit will be $172.77 million for 20.30 P/E. UBS Group began coverage on shares of Molson Coors Brewing in a research note on Thursday, December 13th. The stock was given Hold rating by Stifel in its report released on December 8th, 2017, the day when the price target on the stock was placed at $4.50. They issued a "buy" rating and a $80.00 price target on the stock.

If you purchased Molson Coors shares and suffered a loss on that investment, you are encouraged to contact Corey D. Holzer, or Marshall P. Dees,, or by toll-free telephone at (888) 508-6832 to discuss your legal rights. Zacks Investment Research raised shares of Molson Coors Brewing from a "sell" rating to a "hold" rating in a research note on Friday, October 26th. Finally, Morgan Stanley set a $68.00 target price on shares of Molson Coors Brewing and gave the stock a "hold" rating in a report on Thursday, December 20th. The company now has a consensus rating of "Hold" and a consensus target price of $75.27. Every investor and other stake holder of firm are most concerned with its profitability.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.