The Coca-Cola (NYSE:KO) Releases Quarterly Earnings Results, Meets Estimates

The Coca-Cola (NYSE:KO) issued its quarterly earnings data on Friday. The company reported $0.56 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.56, RTT News reports. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The company had revenue of $9.51 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the previous year, the firm earned $0.57 earnings per share. The Coca-Cola’s revenue was up 8.3% on a year-over-year basis. The Coca-Cola updated its FY 2019 guidance to $2.06-2.10 EPS and its FY19 guidance to ~$2.08 EPS.

Shares of KO stock opened at $54.78 on Monday. The company has a debt-to-equity ratio of 1.44, a quick ratio of 0.71 and a current ratio of 0.83. The Coca-Cola has a fifty-two week low of $44.42 and a fifty-two week high of $55.92. The stock has a 50 day moving average price of $54.29 and a two-hundred day moving average price of $51.51. The company has a market capitalization of $230.01 billion, a P/E ratio of 26.34, a PEG ratio of 3.74 and a beta of 0.45.

In other The Coca-Cola news, COO Brian John Smith sold 60,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $54.87, for a total value of $3,292,200.00. Following the completion of the sale, the chief operating officer now owns 174,302 shares in the company, valued at $9,563,950.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Lisa Chang acquired 500 shares of the stock in a transaction on Tuesday, August 13th. The stock was bought at an average price of $53.24 per share, with a total value of $26,620.00. Following the transaction, the senior vice president now directly owns 5,448 shares of the company’s stock, valued at approximately $290,051.52. The disclosure for this purchase can be found here. Insiders sold 429,638 shares of company stock valued at $23,411,372 in the last quarter. Corporate insiders own 1.33% of the company’s stock.

Several research analysts have recently commented on the company. Deutsche Bank boosted their price objective on The Coca-Cola from $59.00 to $60.00 and gave the stock a “buy” rating in a report on Wednesday, July 24th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $60.00 target price on shares of The Coca-Cola in a research note on Wednesday, July 24th. Credit Suisse Group upped their target price on The Coca-Cola from $49.00 to $54.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 24th. Morgan Stanley set a $60.00 target price on The Coca-Cola and gave the stock a “buy” rating in a research note on Tuesday, September 3rd. Finally, ValuEngine lowered The Coca-Cola from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Eleven investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $54.50.

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 for The Coca-Cola (NYSE:KO)

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