The Coca-Cola Co (KO) Expected to Announce Earnings of $0.55 Per Share
Brokerages forecast that The Coca-Cola Co (NYSE:KO) will announce earnings of $0.55 per share for the current quarter, according to Zacks. Four analysts have issued estimates for The Coca-Cola’s earnings, with estimates ranging from $0.53 to $0.56. The Coca-Cola posted earnings per share of $0.50 in the same quarter last year, which would suggest a positive year over year growth rate of 10%. The company is expected to announce its next quarterly earnings report on Wednesday, October 24th.
On average, analysts expect that The Coca-Cola will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.08. For the next year, analysts expect that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.19 to $2.29. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for The Coca-Cola.
The Coca-Cola (NYSE:KO) last released its earnings results on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.54 billion. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The company’s quarterly revenue was down 8.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.59 earnings per share.
In other The Coca-Cola news, insider John Murphy sold 111,468 shares of the company’s stock in a transaction on Thursday, August 2nd. The stock was sold at an average price of $46.46, for a total transaction of $5,178,803.28. Following the completion of the sale, the insider now owns 196,337 shares in the company, valued at $9,121,817.02. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Kathy N. Waller sold 48,354 shares of the company’s stock in a transaction on Wednesday, August 1st. The stock was sold at an average price of $46.45, for a total value of $2,246,043.30. Following the sale, the vice president now owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Aevitas Wealth Management Inc. purchased a new stake in shares of The Coca-Cola during the 4th quarter valued at $1,771,000. Yorktown Management & Research Co Inc purchased a new stake in shares of The Coca-Cola during the 4th quarter valued at $688,000. Calamos Advisors LLC lifted its holdings in shares of The Coca-Cola by 2.7% during the 4th quarter. Calamos Advisors LLC now owns 1,705,736 shares of the company’s stock valued at $78,259,000 after purchasing an additional 45,520 shares during the last quarter. Bell & Brown Wealth Advisors LLC purchased a new stake in shares of The Coca-Cola during the 4th quarter valued at $859,000. Finally, Harwood Advisory Group LLC purchased a new stake in shares of The Coca-Cola during the 4th quarter valued at $245,000. Institutional investors own 65.64% of the company’s stock.
KO opened at $46.60 on Friday. The company has a market cap of $196.57 billion, a PE ratio of 24.40, a price-to-earnings-growth ratio of 2.84 and a beta of 0.79. The Coca-Cola has a one year low of $41.45 and a one year high of $48.62. The company has a current ratio of 1.15, a quick ratio of 1.06 and a debt-to-equity ratio of 1.39.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 1st. Shareholders of record on Friday, September 14th will be issued a dividend of $0.39 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.56 dividend on an annualized basis and a yield of 3.35%. The Coca-Cola’s dividend payout ratio is currently 81.68%.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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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