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Jefferies Financial Group Brokers Reduce Earnings Estimates for Tsingtao Brewery Company Limited (OTCMKTS:TSGTY)


Tsingtao Brewery Company Limited (OTCMKTS:TSGTYGet Rating) – Equities researchers at Jefferies Financial Group dropped their FY2024 EPS estimates for shares of Tsingtao Brewery in a note issued to investors on Wednesday, July 13th. Jefferies Financial Group analyst K. Chen now forecasts that the company will earn $2.63 per share for the year, down from their prior forecast of $2.78. The consensus estimate for Tsingtao Brewery’s current full-year earnings is $1.93 per share.

OTCMKTS:TSGTY opened at $47.42 on Thursday. The firm’s 50-day moving average price is $43.28 and its 200-day moving average price is $43.30. The company has a market capitalization of $12.94 billion, a PE ratio of 30.79 and a beta of 0.52. Tsingtao Brewery has a 1-year low of $36.00 and a 1-year high of $52.17.

The firm also recently announced a dividend, which will be paid on Friday, August 19th. Stockholders of record on Friday, July 1st will be given a $0.7219 dividend. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 30th. Tsingtao Brewery’s dividend payout ratio is presently 46.75%.

Tsingtao Brewery Company Profile (Get Rating)

Tsingtao Brewery Company Limited, together with its subsidiaries, engages in the production, distribution, wholesale, and retail sale of beer products worldwide. It operates through seven segments: Shandong Region; South China Region; North China Region; East China Region; Southeast China Region; Hong Kong, Macau and Other Overseas Region; and Finance Company.

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