The Coca-Cola Co (KO) Expected to Post Earnings of $0.62 Per Share

Equities analysts predict that The Coca-Cola Co (NYSE:KO) will post $0.62 earnings per share for the current fiscal quarter, according to Zacks. Five analysts have issued estimates for The Coca-Cola’s earnings, with the highest EPS estimate coming in at $0.63 and the lowest estimate coming in at $0.61. The Coca-Cola posted earnings per share of $0.61 in the same quarter last year, which suggests a positive year over year growth rate of 1.6%. The company is scheduled to issue its next quarterly earnings report on Wednesday, July 24th.

On average, analysts expect that The Coca-Cola will report full-year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.10. For the next year, analysts expect that the company will post earnings of $2.26 per share, with EPS estimates ranging from $2.18 to $2.31. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover The Coca-Cola.

The Coca-Cola (NYSE:KO) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The company had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.89 billion. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The firm’s revenue was up 5.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share.

KO has been the subject of a number of analyst reports. Morgan Stanley raised their target price on shares of The Coca-Cola from $48.00 to $52.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 24th. Credit Suisse Group initiated coverage on shares of The Coca-Cola in a research report on Wednesday, March 6th. They issued a “neutral” rating and a $48.00 target price for the company. Zacks Investment Research downgraded shares of The Coca-Cola from a “buy” rating to a “hold” rating in a research report on Thursday, January 10th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $56.00 target price on shares of The Coca-Cola in a research report on Wednesday, February 13th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and issued a $47.00 target price on shares of The Coca-Cola in a research report on Thursday, February 14th. Fourteen research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and an average target price of $50.80.

In other The Coca-Cola news, insider Francisco Crespo sold 16,426 shares of The Coca-Cola stock in a transaction dated Tuesday, April 30th. The shares were sold at an average price of $49.00, for a total value of $804,874.00. Following the completion of the sale, the insider now owns 77,109 shares in the company, valued at approximately $3,778,341. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.33% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of the business. Strategy Asset Managers LLC bought a new position in The Coca-Cola in the 1st quarter valued at about $136,000. Keybank National Association OH increased its holdings in The Coca-Cola by 2.0% in the 1st quarter. Keybank National Association OH now owns 2,122,878 shares of the company’s stock valued at $99,478,000 after buying an additional 40,701 shares during the period. New York State Common Retirement Fund increased its holdings in The Coca-Cola by 3.3% in the 1st quarter. New York State Common Retirement Fund now owns 9,756,937 shares of the company’s stock valued at $457,210,000 after buying an additional 311,456 shares during the period. TD Asset Management Inc. increased its holdings in The Coca-Cola by 8.2% in the 1st quarter. TD Asset Management Inc. now owns 6,377,337 shares of the company’s stock valued at $298,842,000 after buying an additional 480,934 shares during the period. Finally, Sumitomo Mitsui Trust Holdings Inc. increased its holdings in The Coca-Cola by 1.9% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 16,252,778 shares of the company’s stock valued at $761,605,000 after buying an additional 305,574 shares during the period. Institutional investors and hedge funds own 67.72% of the company’s stock.

The Coca-Cola stock traded up $0.05 during mid-day trading on Friday, reaching $48.05. The company’s stock had a trading volume of 327,179 shares, compared to its average volume of 15,255,701. The company has a market cap of $204.66 billion, a P/E ratio of 23.11, a price-to-earnings-growth ratio of 3.28 and a beta of 0.53. The Coca-Cola has a 12 month low of $41.45 and a 12 month high of $50.84. The company has a current ratio of 1.02, a quick ratio of 0.91 and a debt-to-equity ratio of 1.48.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.33%. The ex-dividend date is Thursday, June 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plant–based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Earnings History and Estimates for The Coca-Cola (NYSE:KO)

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