In the last trading session, 25.48 million shares of the Ambev S.A. ADR (NYSE:ABEV) were traded, and its beta was 1.08. Most recently the company’s share price was $2.37, and it changed around -$0.04 or -1.66% from the last close, which brings the market valuation of the company to $37.27B. ABEV currently trades at a discount to its 52-week high of $2.85, offering almost -20.25% off that amount. The share price’s 52-week low was $2.01, which indicates that the current value has risen by an impressive 15.19% since then. We note from Ambev S.A. ADR’s average daily trading volume that its 10-day average is 41.04 million shares, with the 3-month average coming to 27.70 million.

Ambev S.A. ADR stock received a consensus recommendation rating of Hold, based on a mean score of 2.18. If we narrow it down even further, the data shows that 0 out of 8 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 5 recommended ABEV as a Hold, whereas 3 deemed it a Buy, and 0 rated it as Underweight. Ambev S.A. ADR is expected to report earnings per share of 0.05 for the current quarter.

Ambev S.A. ADR (NYSE:ABEV) trade information

Instantly ABEV has showed a red trend with a performance of -1.66% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 2.56 on recent trading dayincreased the stock’s daily price by 7.42%. The company’s shares are currently down -15.36% year-to-date, but still down -5.20% over the last five days. We can see from the shorts that 41.29 million shares have been sold at a short interest cover period of 1.32 day(s).

The consensus price target as assigned by Wall Street analysts is $2.1, which translates to bulls needing to decrease their stock price by -12.86% from its current value. Analyst projections state that ABEV is forecast to be at a low of $2.1 and a high of $2.1.

Ambev S.A. ADR (ABEV) estimates and forecasts

Ambev S.A. ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -3.27 percent over the past six months and at a -10.53% annual growth rate that is well below the industry average of 8.30%. The year-over-year growth rate is expected to be 1.10%, up from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 4.07B in revenue for the current quarter. 2 analysts expect Ambev S.A. ADR to make 4.65B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.24B and 4.04B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -3.90%. Forecasts for the next quarter put sales growth at 15.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.73%. Ambev S.A. ADR earnings are expected to increase by -11.86% in 2024, but the outlook is positive 2.55% per year for the next five years.

ABEV Dividends

Ambev S.A. ADR’s next quarterly earnings report is expected to be released in November. The annual dividend yield of the stock is 6.37 percent and its annual dividend per share was 0.15. It is important to note, however, that the 6.37% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 3.98 per year.

HARDING LOEVNER LP, with 0.7324% or 115.34 million shares worth $236.45 million as of 2024-06-30, holds the second largest percentage of outstanding shares.