The Coca-Cola Co (KO) Expected to Announce Quarterly Sales of $7.42 Billion
Analysts expect The Coca-Cola Co (NYSE:KO) to announce $7.42 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for The Coca-Cola’s earnings, with the highest sales estimate coming in at $7.65 billion and the lowest estimate coming in at $7.27 billion. The Coca-Cola reported sales of $9.12 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 18.6%. The firm is expected to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that The Coca-Cola will report full-year sales of $7.42 billion for the current financial year, with estimates ranging from $31.43 billion to $32.09 billion. For the next financial year, analysts expect that the firm will report sales of $32.98 billion per share, with estimates ranging from $32.08 billion to $33.42 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that cover The Coca-Cola.
The Coca-Cola (NYSE:KO) last issued its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The firm had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The company’s revenue was down 20.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.37 earnings per share.
Shares of The Coca-Cola (NYSE KO) traded up $0.29 during mid-day trading on Wednesday, hitting $43.72. 14,050,000 shares of the company were exchanged, compared to its average volume of 14,640,000. The company has a current ratio of 1.34, a quick ratio of 1.25 and a debt-to-equity ratio of 1.64. The firm has a market capitalization of $186,280.00, a P/E ratio of 39.75, a P/E/G ratio of 2.68 and a beta of 0.77. The Coca-Cola has a 12-month low of $41.74 and a 12-month high of $48.62.
The company also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be issued a dividend of $0.39 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a yield of 3.57%. The ex-dividend date is Wednesday, March 14th. The Coca-Cola’s dividend payout ratio is currently 134.55%.
In other The Coca-Cola news, insider Robert Edward Long sold 15,000 shares of the stock in a transaction dated Thursday, January 25th. The shares were sold at an average price of $47.95, for a total value of $719,250.00. Following the completion of the transaction, the insider now directly owns 24,673 shares of the company’s stock, valued at $1,183,070.35. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kathy N. Waller sold 23,240 shares of the stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the completion of the transaction, the chief financial officer now directly owns 123,796 shares of the company’s stock, valued at $5,713,185.40. The disclosure for this sale can be found here. Insiders have sold 122,640 shares of company stock valued at $5,800,776 over the last three months. 1.51% of the stock is currently owned by corporate insiders.
Institutional investors have recently modified their holdings of the business. Swiss National Bank grew its position in shares of The Coca-Cola by 3.0% in the second quarter. Swiss National Bank now owns 16,389,490 shares of the company’s stock valued at $735,069,000 after purchasing an additional 470,700 shares during the last quarter. Amalgamated Bank grew its position in shares of The Coca-Cola by 54.8% in the second quarter. Amalgamated Bank now owns 448,572 shares of the company’s stock valued at $20,118,000 after purchasing an additional 158,741 shares during the last quarter. Flippin Bruce & Porter Inc. grew its position in shares of The Coca-Cola by 1.8% in the second quarter. Flippin Bruce & Porter Inc. now owns 98,037 shares of the company’s stock valued at $4,397,000 after purchasing an additional 1,705 shares during the last quarter. Canada Pension Plan Investment Board grew its position in shares of The Coca-Cola by 69.6% in the third quarter. Canada Pension Plan Investment Board now owns 9,016,828 shares of the company’s stock valued at $405,847,000 after purchasing an additional 3,700,700 shares during the last quarter. Finally, Calamos Advisors LLC grew its position in shares of The Coca-Cola by 5.4% in the third quarter. Calamos Advisors LLC now owns 1,660,216 shares of the company’s stock valued at $74,726,000 after purchasing an additional 84,539 shares during the last quarter. 65.13% of the stock is owned by institutional investors.
The Coca-Cola Company Profile
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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