Keurig Dr Pepper Inc. (NASDAQ:KDP) Expected to Post Earnings of $0.45 Per Share

Equities analysts expect Keurig Dr Pepper Inc. (NASDAQ:KDP) to post earnings of $0.45 per share for the current fiscal quarter, according to Zacks Investment Research. Four analysts have made estimates for Keurig Dr Pepper’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.46. Keurig Dr Pepper posted earnings of $0.39 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 15.4%. The firm is expected to issue its next earnings report before the market opens on Thursday, February 24th.

According to Zacks, analysts expect that Keurig Dr Pepper will report full year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.61. For the next year, analysts expect that the company will post earnings of $1.69 per share, with EPS estimates ranging from $1.66 to $1.73. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Keurig Dr Pepper.

Keurig Dr Pepper (NASDAQ:KDP) last released its quarterly earnings data on Thursday, October 28th. The company reported $0.44 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.44. Keurig Dr Pepper had a return on equity of 9.10% and a net margin of 13.94%. The business had revenue of $3.25 billion for the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter in the previous year, the company posted $0.39 EPS. The company’s revenue was up 7.6% compared to the same quarter last year.

A number of analysts have issued reports on the company. Royal Bank of Canada lifted their price objective on Keurig Dr Pepper from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, October 29th. Barclays lifted their price objective on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a research note on Monday, November 1st. Deutsche Bank Aktiengesellschaft boosted their target price on Keurig Dr Pepper from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Monday, September 20th. Finally, Zacks Investment Research raised Keurig Dr Pepper from a “sell” rating to a “hold” rating and set a $38.00 target price on the stock in a research report on Friday, November 12th. Five equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Buy” and an average target price of $38.44.

NASDAQ:KDP traded up $0.83 during trading hours on Friday, reaching $39.28. The stock had a trading volume of 8,011,587 shares, compared to its average volume of 6,508,136. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.27 and a current ratio of 0.41. Keurig Dr Pepper has a 52 week low of $30.28 and a 52 week high of $39.35. The company has a 50 day moving average price of $35.85 and a two-hundred day moving average price of $35.28. The stock has a market capitalization of $55.70 billion, a PE ratio of 31.78, a PEG ratio of 2.69 and a beta of 0.71.

Keurig Dr Pepper declared that its board has initiated a share buyback plan on Friday, October 1st that allows the company to buyback $4.00 billion in shares. This buyback authorization allows the company to buy up to 8.1% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 20th. Investors of record on Thursday, January 6th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Wednesday, January 5th. Keurig Dr Pepper’s payout ratio is currently 61.98%.

In related news, insider Herbert Derek Hopkins sold 5,000 shares of the business’s stock in a transaction on Monday, December 20th. The stock was sold at an average price of $35.51, for a total transaction of $177,550.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders have sold 83,347 shares of company stock valued at $2,971,569. 1.00% of the stock is owned by company insiders.

Several hedge funds have recently modified their holdings of the business. Assetmark Inc. lifted its stake in shares of Keurig Dr Pepper by 503.0% during the 2nd quarter. Assetmark Inc. now owns 796 shares of the company’s stock worth $28,000 after purchasing an additional 664 shares during the last quarter. Parisi Gray Wealth Management purchased a new stake in shares of Keurig Dr Pepper during the 2nd quarter worth $29,000. Spire Wealth Management lifted its stake in shares of Keurig Dr Pepper by 388.6% during the 4th quarter. Spire Wealth Management now owns 855 shares of the company’s stock worth $32,000 after purchasing an additional 680 shares during the last quarter. MV Capital Management Inc. purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $32,000. Finally, Bell Investment Advisors Inc purchased a new stake in shares of Keurig Dr Pepper during the 3rd quarter worth $36,000. Institutional investors and hedge funds own 52.77% of the company’s stock.

About Keurig Dr Pepper

Keurig Dr Pepper, Inc engages in the production and marketing of non-alcoholic beverages. It operates through the following segments: Coffee Systems, Packaged Beverages, Beverage Concentrates, and Latin America Beverages. The Coffee Systems segment includes manufacture and distribution of finished goods relating to coffee, pods, and brewers.

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

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