Read/Post Comments (0) | Recommended this article (0)
Please login to Zacks.com or register to post a comment.
Zacks' 7 Best Stocks
for June, 2013
FREE Report for Zacks.com
Visitors Only
Visitors Only
They're hand-picked from the list of Zacks Rank #1 Strong Buys. Our experts predict that their prices will jump the soonest.
Today, you can see them free.
- Latest News
- Most Popular
- Roundtable Top Picks of the Week
- FED Front & Center Again
- RTI: Sector Strength Charts - Where's the Opportunity Now?
- Surging Financial ETFs Beating the Market
- Utility Industry Stock Outlook - June 2013
- 3 Japanese Stocks to Buy Now
- Your Next Stock Should Be Making New Highs
- Anatomy of Success: Stoneridge (SRI)
- RTI: What Will the Fed Do Wednesday?
- AWS 6/18: Can the Fed Afford to Keep the Suspense?
- PFP 6/18: Wednesday Fed Watch
Recent Quotes
| No Recent Quote currently available |
My Portfolio
|
My Portfolio Tracker One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts. Set yours up today. |
More Zacks Resources
Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.
Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.
Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.
My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Zacks #1 Stocks on the Move 06/18/2013
| Company Name | Symbol | %Change |
|---|---|---|
| STAAR SURGIC | STAA | 10.98% |
| DTS INC | DTSI | 6.89% |
| ANIKA THERAP | ANIK | 6.04% |
| LUMOS NETWOR | LMOS | 5.70% |
| INSTEEL IND | IIIN | 5.28% |
Quick Links
Resources
Client Support
Zacks Research is Reported On:
Zacks Investment Research
is an A+ Rated BBB
Accredited Business.
Copyright 2013 Zacks Investment Research
At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
Visit performance for information about the performance numbers displayed above.
NYSE and AMEX data is at least 20 minutes delayed. NASDAQ data is at least 15 minutes delayed.
This page is temporarily not available. Please check later as it should be available shortly. If you have any questions, please email customer support at support@zacks.com or call 800-767-3771 ext. 9339.
The Brazilian beer giant Companhia de Bebidas das America (ABV - Analyst Report), aka AmBev, reported third-quarter 2011 earnings of R$0.53 (33 cents) per share, which declined 9.9% from prior-year quarter’s earnings of R$0.59 (34 cents) a share. Higher financial costs and higher effective tax rate more than offset the growth in net sales and improved margins.
Financial Details
Net sales for the quarter increased 10.6% to R$6,374.5 million (US$3,921.6 million), compared with R$5.978.2 million (US$3,398.6 million) in the prior-year quarter. The increase in revenues was primarily attributable to higher prices and a 2.9% growth in organic volumes across all regions.
During the quarter, AmBev's EBITDA rose 13.5% year over year to R$2,952.8 million, while EBITDA margin expanded 190 basis points to 46.3%. The growth was mainly the result of increased volumes of Beer and CSD in Brazil, recovery of Beer market and maintaining a stable market share in Latin America South, effective cost management in Canada and higher volumes in HILA-Ex.
Selling, marketing and administrative expenses increased 2.3% year over year to R$1,822.4 million. AmBev ended the quarter with cash and cash equivalents of R$5,958.9 million and shareholders’ equity of R$8,299.1 million. During the quarter, the company has paid R$2.35 billion of dividend to its shareholders.
The company’s plan to invest R$2.5 billion in Brazil in fiscal 2011 is still on track and will look for opportunities to enhance its working capital and ascertain capex plans. Year-to-date, AmBev has already invested R$2.1 billion. AmBev also believes that minimum wage in Brazil will grow by 7.5% in real terms in fiscal 2012, banking which the company looks to improve its top-line.
AmBev, which competes with Fomento Economico Mexicano S.A. (FMX - Analyst Report) and Molson Coors Brewing Company (TAP - Analyst Report), currently, holds a Zacks #3 Rank, implying a short-term ‘Hold’ rating on the stock. Besides, the company retains a long-term ‘Neutral' recommendation on the stock.
Get the full Analyst Report on FMX - FREE
Get the full Analyst Report on TAP - FREE
Get the full Analyst Report on ABV - FREE