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    ABEV3   BRABEVACNOR1

AMBEV S.A.

(ABEV3)
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Ambev ADRs Up Nearly 10% on Higher 1Q Revenue, EPS

05/06/2021 | 01:33pm EDT

By Stephen Nakrosis

The American depository receipts of Ambev SA advanced on the New York Stock Exchange on Thursday after the Brazilian beverage company reported higher revenue and earnings per share for the first quarter.

At 1:01 p.m. ET, the ADRs climbed 9.68% to $3.06. Volume topped 46.7 million ADRs, above the 65-day average of 20.7 million.

On Thursday, Ambev reported earnings per share of BRL0.17 on revenue of BRL16.63 billion ($3.1 billion). In the year-ago period, the company reported EPS of BRL0.07 on revenue of BRL12.6 billion.

The company, which sells its products in Brazil, Argentina, Canada, Panama and other countries, said: "Most countries showed sustained volume growth, whereby eight of our top 10 markets delivered volume growth year over year and seven markets have already reached higher volumes compared to 2019."

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

05-06-21 1332ET

Stocks mentioned in the article
ChangeLast1st jan.
AMBEV S.A. -0.99% 17.03 End-of-day quote.8.82%
DJ INDUSTRIAL 0.59% 35029.26 Delayed Quote.13.69%
EURO / ARGENTINE PESO (EUR/ARS) 0.01% 113.5124 Delayed Quote.10.64%
EURO / BRAZILIAN REAL (EUR/BRL) -0.24% 6.1156 Delayed Quote.-3.57%
US DOLLAR / ARGENTINE PESO (USD/ARS) 0.03% 96.43 Delayed Quote.14.61%
All news about AMBEV S.A.
07/13AMBEV S A : ESG Update Transcription
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07/08AMBEV S A : CONSOLIDATED FORM (Form 6-K)
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07/06AMBEV S A : Extract of the Minutes of the Meeting of the Board of Directors of A..
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07/06AMBEV S A : NOTICE OF CAPITAL INCREASE APPROVED BY THE BOARD OF DIRECTORS (Form ..
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06/29AMBEV S A : Presentation 2Q21
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06/28AMBEV S A : ESG Update Presentation
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06/28AMBEV S A : NOTICE TO THE MARKET (Form 6-K)
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06/22AMBEV S A : Banco Santander Downgrades Ambev to Hold from Buy
MT
06/17AMBEV S A : Barclays Upgrades Ambev to Equal-Weight From Underweight, Adjusts Pr..
MT
06/11AMBEV S A : NOTICE OF CAPITAL INCREASE APPROVED BY THE BOARD OF DIRECTORS (Form ..
PU
More news
Financials
Sales 2021 66 663 M 12 879 M 12 879 M
Net income 2021 10 986 M 2 122 M 2 122 M
Net cash 2021 17 067 M 3 297 M 3 297 M
P/E ratio 2021 24,6x
Yield 2021 2,86%
Capitalization 268 B 51 810 M 51 785 M
EV / Sales 2021 3,76x
EV / Sales 2022 3,55x
Nbr of Employees 50 000
Free-Float 28,0%
Chart AMBEV S.A.
Duration : Period :
Ambev S.A. Technical Analysis Chart | ABEV3 | BRABEVACNOR1 | MarketScreener
Technical analysis trends AMBEV S.A.
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 15
Last Close Price 17,03 BRL
Average target price 17,07 BRL
Spread / Average Target 0,24%
EPS Revisions
Managers and Directors
Jereissati Jean Neto Chief Executive Officer
Fernando Mommensohn Tennenbaum Director
Lucas Machado Lira Chief Financial & Investor Relations Officer
Carlos Alves de Brito Co-Chairman
Victório Carlos de Marchi Co-Chairman
Sector and Competitors