Dr Pepper Snapple Group, Inc (DPS) Issues FY17 Earnings Guidance
Dr Pepper Snapple Group, Inc (NYSE:DPS) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided EPS guidance of $4.53-4.63 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.63.
Dr Pepper Snapple Group, Inc (NYSE:DPS) opened at 91.68 on Thursday. The firm has a 50-day moving average of $91.26 and a 200 day moving average of $92.90. The stock has a market capitalization of $16.66 billion, a price-to-earnings ratio of 21.99 and a beta of 0.61. Dr Pepper Snapple Group, Inc has a 12-month low of $81.05 and a 12-month high of $99.47.
Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Thursday, July 27th. The company reported $1.25 EPS for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.03). Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.77 billion. During the same period in the prior year, the company posted $1.25 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 5th. Shareholders of record on Thursday, September 14th will be given a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date of this dividend is Wednesday, September 13th. Dr Pepper Snapple Group’s dividend payout ratio is presently 55.64%.
A number of brokerages have commented on DPS. Susquehanna Bancshares Inc set a $92.00 price objective on shares of Dr Pepper Snapple Group and gave the company a hold rating in a research report on Saturday, May 27th. Zacks Investment Research raised shares of Dr Pepper Snapple Group from a hold rating to a buy rating and set a $104.00 price objective on the stock in a research report on Tuesday, June 27th. Credit Suisse Group reissued a buy rating on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. BidaskClub raised shares of Dr Pepper Snapple Group from a sell rating to a hold rating in a research report on Thursday, August 17th. Finally, Jefferies Group LLC reissued a buy rating and issued a $112.00 price objective on shares of Dr Pepper Snapple Group in a research report on Friday, June 23rd. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and an average target price of $99.25.
In related news, insider Angela A. Stephens sold 7,700 shares of the business’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the completion of the sale, the insider now directly owns 6,053 shares in the company, valued at $551,549.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Angela A. Stephens sold 3,160 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total transaction of $292,331.60. Following the completion of the sale, the insider now owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The disclosure for this sale can be found here. Insiders own 0.58% of the company’s stock.
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About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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