Brokerages Anticipate The Coca-Cola Co (NYSE:KO) Will Announce Earnings of $0.62 Per Share

Analysts predict that The Coca-Cola Co (NYSE:KO) will post $0.62 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for The Coca-Cola’s earnings. The lowest EPS estimate is $0.61 and the highest is $0.63. The Coca-Cola reported 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 business is expected to report its next quarterly earnings results on Wednesday, July 24th.

According to Zacks, analysts expect that The Coca-Cola will report full-year earnings of $2.09 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.10. For the next fiscal year, analysts anticipate 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 EPS calculations are a mean average based on a survey of research firms that follow The Coca-Cola.

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

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Tuesday, June 4th. Barclays set a $54.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Thursday, May 16th. ValuEngine raised shares of The Coca-Cola from a “hold” rating to a “buy” rating in a research note on Wednesday, May 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a $47.00 target price on shares of The Coca-Cola in a research note on Tuesday, April 23rd. Finally, UBS Group lifted their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Thirteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $51.05.

In related news, SVP Beatriz R. Perez sold 14,094 shares of The Coca-Cola stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $49.50, for a total value of $697,653.00. Following the completion of the sale, the senior vice president now owns 108,551 shares of the company’s stock, valued at approximately $5,373,274.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Francisco Crespo sold 125,948 shares of The Coca-Cola stock in a transaction on Tuesday, June 4th. The shares were sold at an average price of $50.00, for a total transaction of $6,297,400.00. Following the completion of the sale, the insider now directly owns 186,631 shares of the company’s stock, valued at approximately $9,331,550. The disclosure for this sale can be found here. In the last ninety days, insiders sold 316,600 shares of company stock valued at $15,760,365. 1.33% of the stock is owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Mraz Amerine & Associates Inc. increased its holdings in shares of The Coca-Cola by 0.4% during the 4th quarter. Mraz Amerine & Associates Inc. now owns 47,568 shares of the company’s stock worth $2,252,000 after purchasing an additional 208 shares during the period. Paulson Wealth Management Inc. increased its holdings in shares of The Coca-Cola by 3.2% during the 1st quarter. Paulson Wealth Management Inc. now owns 6,622 shares of the company’s stock worth $310,000 after purchasing an additional 208 shares during the period. OmniStar Financial Group Inc. increased its holdings in shares of The Coca-Cola by 1.3% during the 1st quarter. OmniStar Financial Group Inc. now owns 17,021 shares of the company’s stock worth $798,000 after purchasing an additional 216 shares during the period. Chessman Wealth Strategies RIA increased its holdings in shares of The Coca-Cola by 1.3% during the 1st quarter. Chessman Wealth Strategies RIA now owns 17,483 shares of the company’s stock worth $819,000 after purchasing an additional 230 shares during the period. Finally, Wagner Bowman Management Corp increased its holdings in shares of The Coca-Cola by 0.7% during the 1st quarter. Wagner Bowman Management Corp now owns 31,041 shares of the company’s stock worth $1,454,000 after purchasing an additional 230 shares during the period. 66.79% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:KO opened at $51.66 on Tuesday. The firm has a market cap of $218.08 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.50 and a beta of 0.50. The Coca-Cola has a 12-month low of $42.96 and a 12-month high of $52.19. The company has a debt-to-equity ratio of 1.48, a current ratio of 1.02 and a quick ratio of 0.91.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, June 13th. The Coca-Cola’s payout ratio is presently 76.92%.

The Coca-Cola Company Profile

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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