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Molson Coors Canada Inc. (TPX-B.TO)

Toronto - Toronto Real Time Price. Currency in CAD
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45.00-1.29 (-2.79%)
At close: 3:59PM EDT
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Previous Close46.29
Open46.23
Bid44.62 x 0
Ask45.20 x 0
Day's Range44.85 - 46.23
52 Week Range44.85 - 82.50
Volume14,340
Avg. Volume6,242
Market Cap9.755B
Beta (5Y Monthly)0.70
PE Ratio (TTM)N/A
EPS (TTM)-47.58
Earnings DateN/A
Forward Dividend & Yield3.00 (6.62%)
Ex-Dividend DateMar. 06, 2020
1y Target EstN/A
  • Molson Coors Expands Beyond the Beer Aisle With New Slate of Non-alcoholic Products, in Partnership With L.A. Libations
    Business Wire

    Molson Coors Expands Beyond the Beer Aisle With New Slate of Non-alcoholic Products, in Partnership With L.A. Libations

    Molson Coors Beverage Company today unveiled a new slate of non-alcoholic products that it intends to roll out this fall.

  • The Canadian Press

    Most actively traded companies on the TSX

    TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (16,299.29, up 4.63 points)SOPerior Fertilizer Corp. (TSX:SOP). Basic Materials. Unchanged at $0.03 on 13.54 million shares.Eastmain Resources Inc. (TSX:ER). Basic Materials. Up nine cents, or 51.43 per cent, to nearly $0.27 on 7.4 million shares.Kinross Gold Corp. (TSX:K). Basic Materials. Down six cents, or 0.51 per cent, to $11.70 on 6.62 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 10 cents, or 0.46 per cent, to $21.79 on 5.28 million shares.Manulife Financial Corp. (TSX:MFC). Financial Services. Down 13 cents, or 0.70 per cent, to $18.45 on 4.91 million shares.Barrick Gold Corp. (TSX:ABX). Basic Materials. Down 31 cents, or 0.81 per cent, to $38.04 on 4.58 million shares.Companies in the news:Shaw Communications Inc. (TSX:SJR.A). Up four cents, or 0.16 per cent, to $24.54. Shaw Communications Inc. has disclosed details of a new wireless service called Shaw Mobile, which will be in Alberta and British Columbia. The owner of Freedom Mobile says the new service will combine elements of its wireless and residential fibre networks as well as its WiFi hotspots. The Calgary-based company will offer three levels of service plan, currently at an introductory price discount, all with access to more than 450,000 Shaw Go WiFi hotspots. Maple Leaf Foods Inc. (TSXLMFI). Up $1.49, or 5.37 per cent, to $29.22. Maple Leaf Foods Inc. earned $25.7 million in its latest quarter on higher revenues led by a 41 per cent gain from its plant protein group. The company says its net income amounted to 21 cents per share for the three months ended June 30, compared with a loss of five cents per share or $6.3 million a year earlier. Adjusted profits were 35 cents per share, up six per cent from 33 cents per share in the second quarter of 2019 as stronger sales were largely offset by COVID-19 costs and strategic investments in plant protein.Husky Energy Inc. (TSX:HSE). Down 23 cents, or 4.87 per cent, to $4.49. Husky Energy Inc. swung to a $304-million net loss in the second quarter as revenues plunged nearly 55 per cent. The Calgary-based oil producer says it lost 31 cents per diluted share for the three months ended June 30, compared with net income of 36 cents per share or $370 million a year earlier. Revenues were $2.38 billion, down from $5.24 billion in the second quarter of 2019.TC Energy Corp. (TSX:TRP). Down 13 cents, or 0.21 per cent, to $61.23. TC Energy Corp. is reporting higher net profits in the second quarter on asset sales even though revenues decreased. The Calgary-based company says it earned $1.3 billion or $1.36 per diluted share for the three months ended June 30, up from $1.1 billion or $1.21 per share a year earlier. The results included an after-tax gain of $408 million related to the sale of a 65 per cent equity interest in the Coastal GasLink pipeline and an incremental after-tax loss of $80 million due to the Ontario natural gas-fired power plant assets sold in April.Gildan Activewear Inc. (TSX:GIL). Up 17 cents, or 0.71 per cent, to $24.11. Gildan Activewear Inc. missed expectations as it reported a large second-quarter loss after sales plunged 71 per cent amid widespread closures of customer stores because of COVID-19. The Montreal-based company, reporting in U.S. dollars, says it lost $249.7 million or $1.26 per diluted share, compared with a profit of $99.7 million or 49 cents per share a year earlier. The results included $224 million of charges, including $131 million that were COVID-related and $93 million for initiatives to simplify its offering and cut costs. Excluding one-time items, the adjusted net loss was $196.6 million or 99 cents per share, down from a net income of $115 million or 56 cents per share in the prior year's quarter.Molson Coors Beverage Co. (TSX:TPX.B). Up $1.20, or nearly 2.43 per cent, to $50.59. Molson Coors Beverage Co. beat expectations even though COVID-19 lockdowns caused its net income and sales to plunge in its most recent quarter. The Montreal-based company, which reports in U.S. dollars, says its net income decreased nearly 41 per cent in the second quarter to $195 million. That equalled 90 cents per share for the three months ended June 30, down from $1.52 per share of $329.4 million in the second quarter of 2019. Excluding one-time items, underlying net income increased 2.3 per cent to $337.3 million or $1.55 per share, compared with $329.6 million or $1.52 per share a year earlier.Resolute Forest Products Inc. (TSX:RFP). Up 66 cents, or nearly 16.1 per cent, to $4.76. Resolute Forest Products Inc. saw weaker sales this spring compared with a year ago, as the economic downturn slashed paper shipments by 27 per cent. The Montreal-based company says it earned US$6 million, or seven cents per diluted share, on sales of US$612 million for the three months ending on June 30. That's down from US$25 million, or 27 cents per diluted share, on sales of US$755 million in the second quarter of 2019.Crescent Point Energy Corp. (TSX:CPG). Down 15 cents, or nearly 6.7 per cent, to $2.09. Crescent Point Energy Corp. is reporting a $145.1-million loss in its latest quarter on a 73 per cent decrease in revenues amid lower crude oil prices. The Calgary-based company says its losses amounted to 27 cents per diluted share for the three months ended June 30, compared with a profit of 36 cents per share or $198.6 million a year earlier. Adjusted losses were $27.9 million or five cents per share, compared with adjusted profits of $146 million or 27 cents per share in the second quarter of 2019.This report by The Canadian Press was first published July 30, 2020.The Canadian Press

  • Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns
    The Canadian Press

    Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns

    MONTREAL — Molson Coors Beverage Co. continues to grapple with what the CEO called a "global can shortage" as consumers shifted away from drinking at bars and restaurants and started consuming more drinks at home due to the COVID-19 pandemic."Consumer demand has shifted in ways no one could have foreseen six months ago," said chief executive Gavin Hattersley during a conference call with analysts Thursday after the company released its second-quarter financial results."When bars and restaurants were shuttered in the early parts of (the second quarter), demand for kegs in the U.S. went down to zero," he said, "and conversely demand for cans went through the roof."That's put pressure on the availability of 12-ounce cans, he said."We have been producing and shipping can beer at significantly higher rates than in recent years. Though, it hasn't been enough to meet the historically high orders we're seeing."Molson Coors eclipsed its July 4 week shipment days in the United States four times already this year, he said, adding that "that's unheard of." July 4 is when Americans celebrate their Independence Day.The company has worked to get as many cans as possible from its suppliers, as well as to source more cans from around the world, he said.It also suspended production of slower moving products packaged in cans this size, he said.Molson Coors remains tight on the Coors Light tall can, said Hattersley, but the situation is starting to improve with respect to the industry standard 12-ounce can. Still it expects 12-ounce cans will remain an issue in its third quarter.The company expects off-premise trends to continue to be strong, though not enough to offset the loss in on-premise consumption.The Montreal-based company, which reports in U.S. dollars, saw its net income decrease nearly 41 per cent in the second quarter to $195 million. That equalled 90 cents per share for the three months ended June 30, down from $1.52 per share of $329.4 million in the second quarter of 2019.Excluding one-time items, underlying net income increased 2.3 per cent to $337.3 million or $1.55 per share, compared with $329.6 million or $1.52 per share a year earlier.Revenues fell 15.1 per cent to $2.5 billion, from $2.95 billion in the prior year's quarter, with most sales coming from retail locations rather than bars and restaurants.Molson Coors was expected to report 68 cents per share in adjusted profits on $2.45 billion in revenues, according to financial markets data firm Refinitiv.Molson said it provided about $16 million in "thank you" pay for some essential North American brewery employees that ended in the quarter as well as a paid leave policy and voluntary paid leave.This report by The Canadian Press was first published July 30, 2020.Companies in this story: (TSX:TPX.B)The Canadian Press