Zacks: Analysts Anticipate The Coca-Cola Co (NYSE:KO) to Announce $0.56 EPS
Wall Street analysts expect The Coca-Cola Co (NYSE:KO) to report earnings per share (EPS) of $0.56 for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for The Coca-Cola’s earnings, with estimates ranging from $0.55 to $0.56. The Coca-Cola posted earnings per share of $0.58 in the same quarter last year, which would indicate a negative year over year growth rate of 3.4%. The company is scheduled to report its next earnings results on Tuesday, October 29th.
On average, analysts expect that The Coca-Cola will report full-year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.08 to $2.15. For the next financial year, analysts forecast that the firm will report earnings of $2.27 per share, with EPS estimates ranging from $2.22 to $2.33. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for The Coca-Cola.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, July 23rd. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.01. The Coca-Cola had a return on equity of 45.67% and a net margin of 21.11%. The firm had revenue of $10 billion for the quarter, compared to analyst estimates of $9.86 billion. During the same quarter in the previous year, the company posted $0.61 EPS. The business’s revenue was up 6.1% on a year-over-year basis.
Shares of NYSE KO traded down $0.75 during trading on Friday, reaching $53.74. The company had a trading volume of 9,573,642 shares, compared to its average volume of 12,777,964. The company’s fifty day moving average price is $52.94 and its 200-day moving average price is $49.30. The Coca-Cola has a 12 month low of $44.25 and a 12 month high of $54.82. The stock has a market cap of $233.00 billion, a P/E ratio of 25.84, a PEG ratio of 3.79 and a beta of 0.48. The company has a quick ratio of 0.71, a current ratio of 0.83 and a debt-to-equity ratio of 1.44.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Monday, September 16th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.98%. The Coca-Cola’s payout ratio is 76.92%.
In other The Coca-Cola news, VP John Murphy sold 84,400 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $49.99, for a total value of $4,219,156.00. Following the transaction, the vice president now owns 133,715 shares in the company, valued at $6,684,412.85. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Francisco Crespo sold 125,948 shares of the stock in a transaction that occurred on Tuesday, June 4th. The stock was sold at an average price of $50.00, for a total value of $6,297,400.00. Following the completion of the transaction, the insider now owns 186,631 shares in the company, valued at approximately $9,331,550. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 488,761 shares of company stock worth $25,417,705. 1.33% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the business. Norges Bank purchased a new stake in shares of The Coca-Cola in the fourth quarter worth approximately $1,717,527,000. Nuveen Asset Management LLC raised its stake in shares of The Coca-Cola by 9,580.7% in the second quarter. Nuveen Asset Management LLC now owns 32,579,854 shares of the company’s stock worth $1,658,966,000 after purchasing an additional 32,243,310 shares during the last quarter. FMR LLC raised its stake in shares of The Coca-Cola by 22.2% in the fourth quarter. FMR LLC now owns 61,139,629 shares of the company’s stock worth $2,894,961,000 after purchasing an additional 11,126,961 shares during the last quarter. Morgan Stanley raised its stake in shares of The Coca-Cola by 15.0% in the second quarter. Morgan Stanley now owns 41,763,050 shares of the company’s stock worth $2,126,574,000 after purchasing an additional 5,449,889 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in shares of The Coca-Cola by 10.8% in the fourth quarter. Geode Capital Management LLC now owns 46,561,672 shares of the company’s stock worth $2,200,726,000 after purchasing an additional 4,528,987 shares during the last quarter. Institutional investors and hedge funds own 66.84% of the company’s stock.
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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