The Coca-Cola (KO) to Release Earnings on Tuesday
The Coca-Cola (NYSE:KO) will be releasing its earnings data before the market opens on Tuesday, April 23rd. Analysts expect The Coca-Cola to post earnings of $0.47 per share for the quarter. The Coca-Cola has set its FY 2019 guidance at $2.01-2.10 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.
The Coca-Cola (NYSE:KO) last posted its earnings results on Thursday, February 14th. The company reported $0.43 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.43. The Coca-Cola had a net margin of 20.20% and a return on equity of 43.91%. The business had revenue of $7.10 billion for the quarter, compared to analyst estimates of $7.07 billion. During the same period in the prior year, the company posted $0.39 EPS. The company’s revenue for the quarter was down 5.5% on a year-over-year basis. On average, analysts expect The Coca-Cola to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
KO stock opened at $47.48 on Monday. The company has a debt-to-equity ratio of 1.33, a quick ratio of 0.95 and a current ratio of 1.05. The Coca-Cola has a 52-week low of $41.45 and a 52-week high of $50.84. The stock has a market cap of $202.55 billion, a PE ratio of 22.83, a PEG ratio of 3.19 and a beta of 0.52.
In related news, insider Beatriz R. Perez sold 21,742 shares of the company’s stock in a transaction dated Monday, February 4th. The shares were sold at an average price of $48.76, for a total transaction of $1,060,139.92. Following the completion of the transaction, the insider now owns 92,645 shares in the company, valued at approximately $4,517,370.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Beatriz R. Perez sold 10,000 shares of the company’s stock in a transaction dated Friday, February 1st. The stock was sold at an average price of $48.50, for a total transaction of $485,000.00. Following the transaction, the senior vice president now owns 92,645 shares of the company’s stock, valued at approximately $4,493,282.50. The disclosure for this sale can be found here. 1.33% of the stock is owned by corporate insiders.
Several research firms have recently issued reports on KO. Zacks Investment Research raised shares of The Coca-Cola from a “sell” rating to a “hold” rating in a research note on Tuesday, April 16th. Deutsche Bank reissued a “buy” rating and set a $53.00 target price on shares of The Coca-Cola in a research note on Thursday. Wells Fargo & Co increased their target price on shares of The Coca-Cola from $50.00 to $52.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 16th. HSBC lowered shares of The Coca-Cola from a “buy” rating to a “hold” rating and lowered their target price for the stock from $64.00 to $50.00 in a research note on Tuesday, March 12th. They noted that the move was a valuation call. Finally, Royal Bank of Canada reissued a “buy” rating and set a $56.00 target price on shares of The Coca-Cola in a research note on Wednesday, February 13th. Sixteen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The Coca-Cola currently has a consensus rating of “Hold” and a consensus target price of $50.60.
About The Coca-Cola
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; juice, dairy, and plantbased 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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