TPX.B:CC - Molson Coors: A Plunge After Q1 Earnings Is A Buying Opportunity
2024-05-03 03:49:41 ET
Summary
- Molson Coors Beverage Company stock has dropped significantly after Q1 2024 earnings were released, presenting a buying opportunity.
- Q1 2024 earnings beat estimates, with non-GAAP earnings per share of $0.95 and revenues of $2.6 billion.
- TAP stock is trading at a low PE ratio of 10 times earnings and offers an attractive dividend yield of over 3%.
Molson Coors Beverage Company ( TAP ) is a leading maker and distributor of beer and other beverages. This company was formed in 2005, when Molson of Canada merged with Coors in the USA. In addition to the namesake brands, this company owns and/or distributes many other well-known brands including: Arizona Hard, Arnold Palmer Spiked, Barmen Pilsner, Birra Roma, Black Ice, Blue Moon, Bodega Bay, Carling, Foster's, George Killian's Irish Red, Grolsh, Hamm's Beer, Miller High Life, Pilsner Urquell, Redd's Hard Apple, Sol Cerveza, and more....
Molson Coors: A Plunge After Q1 Earnings Is A Buying Opportunity