Keurig Dr Pepper (NYSE:KDP) Issues FY 2020 Pre-Market Earnings Guidance

Keurig Dr Pepper (NYSE:KDP) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 1.38-1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.38. The company issued revenue guidance of $11.454-11.565 billion, compared to the consensus revenue estimate of $11.42 billion.Keurig Dr Pepper also updated its FY20 guidance to $1.38-1.40 EPS.

Shares of NYSE KDP opened at $30.59 on Friday. The company has a current ratio of 0.31, a quick ratio of 0.23 and a debt-to-equity ratio of 0.52. Keurig Dr Pepper has a twelve month low of $18.98 and a twelve month high of $32.00. The stock has a 50 day moving average of $29.12 and a two-hundred day moving average of $27.40. The stock has a market cap of $43.04 billion, a P/E ratio of 23.71, a P/E/G ratio of 1.90 and a beta of 0.61.

Keurig Dr Pepper (NYSE:KDP) last issued its quarterly earnings data on Thursday, July 30th. The company reported $0.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Keurig Dr Pepper had a return on equity of 7.91% and a net margin of 10.32%. The company had revenue of $2.86 billion during the quarter, compared to analysts’ expectations of $2.81 billion. During the same quarter in the previous year, the business earned $0.30 earnings per share. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. As a group, research analysts predict that Keurig Dr Pepper will post 1.4 earnings per share for the current year.

KDP has been the subject of a number of research reports. Jefferies Financial Group boosted their price objective on Keurig Dr Pepper from $36.00 to $39.00 and gave the company a buy rating in a research note on Monday, July 27th. SunTrust Banks reiterated a buy rating on shares of Keurig Dr Pepper in a research note on Wednesday, April 29th. Evercore ISI upgraded Keurig Dr Pepper from an in-line rating to an outperform rating and set a $35.00 price objective for the company in a research note on Monday, June 1st. Goldman Sachs Group raised Keurig Dr Pepper from a neutral rating to a buy rating and boosted their target price for the company from $27.00 to $33.00 in a report on Thursday, July 9th. Finally, Morgan Stanley boosted their target price on Keurig Dr Pepper from $30.00 to $32.00 and gave the company an equal weight rating in a report on Friday. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Keurig Dr Pepper currently has a consensus rating of Buy and an average target price of $33.63.

In other Keurig Dr Pepper news, Director Robert S. Singer acquired 1,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were purchased at an average price of $28.14 per share, with a total value of $28,140.00. Following the completion of the acquisition, the director now directly owns 65,500 shares of the company’s stock, valued at approximately $1,843,170. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Holdings B.V. Jab acquired 7,380,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average cost of $27.16 per share, for a total transaction of $200,440,800.00. Insiders own 0.41% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.

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Earnings History and Estimates for Keurig Dr Pepper (NYSE:KDP)

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