Zacks: Analysts Expect Keurig Dr Pepper Inc. (NASDAQ:KDP) Will Post Earnings of $0.45 Per Share

Equities research analysts predict that Keurig Dr Pepper Inc. (NASDAQ:KDP) will report earnings per share of $0.45 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Keurig Dr Pepper’s earnings, with estimates ranging from $0.44 to $0.46. Keurig Dr Pepper posted earnings per share of $0.39 during the same quarter last year, which would suggest a positive year over year growth rate of 15.4%. The business is scheduled to announce its next quarterly earnings report before the market opens on Thursday, February 24th.

On average, 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 forecast that the business will post earnings of $1.69 per share, with EPS estimates ranging from $1.66 to $1.73. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts that cover Keurig Dr Pepper.

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

KDP has been the topic of a number of research analyst reports. Barclays boosted their price target on Keurig Dr Pepper from $39.00 to $41.00 and gave the stock an “overweight” rating in a report 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. Royal Bank of Canada boosted their price objective on Keurig Dr Pepper from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Finally, Zacks Investment Research upgraded Keurig Dr Pepper from a “sell” rating to a “hold” rating and set a $38.00 price objective for the company in a report on Friday, November 12th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Keurig Dr Pepper currently has a consensus rating of “Buy” and an average price target of $38.44.

In related news, insider Herbert Derek Hopkins sold 68,347 shares of the firm’s stock in a transaction dated Wednesday, December 22nd. The stock was sold at an average price of $35.56, for a total transaction of $2,430,419.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Robert S. Singer sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $36.40, for a total value of $182,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 83,347 shares of company stock valued at $2,971,569 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of KDP. Knowledge Leaders Capital LLC lifted its position in shares of Keurig Dr Pepper by 1.2% in the third quarter. Knowledge Leaders Capital LLC now owns 25,200 shares of the company’s stock valued at $861,000 after acquiring an additional 300 shares in the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its holdings in shares of Keurig Dr Pepper by 5.0% in the third quarter. Meiji Yasuda Asset Management Co Ltd. now owns 7,390 shares of the company’s stock valued at $252,000 after purchasing an additional 350 shares during the last quarter. Seeyond increased its holdings in shares of Keurig Dr Pepper by 0.3% in the second quarter. Seeyond now owns 143,965 shares of the company’s stock valued at $5,073,000 after purchasing an additional 406 shares during the last quarter. DeDora Capital Inc. increased its stake in Keurig Dr Pepper by 2.6% during the third quarter. DeDora Capital Inc. now owns 18,148 shares of the company’s stock worth $620,000 after acquiring an additional 455 shares during the last quarter. Finally, HighTower Advisors LLC increased its stake in Keurig Dr Pepper by 1.9% during the second quarter. HighTower Advisors LLC now owns 25,392 shares of the company’s stock worth $896,000 after acquiring an additional 463 shares during the last quarter. Institutional investors own 52.77% of the company’s stock.

Shares of KDP stock traded up $0.83 during trading hours on Friday, reaching $39.28. 8,011,587 shares of the company traded hands, compared to its average volume of 6,508,136. The firm has a 50-day moving average price of $35.85 and a 200 day moving average price of $35.28. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.41 and a quick ratio of 0.27. Keurig Dr Pepper has a 12-month low of $30.28 and a 12-month high of $39.35. The company has a market cap of $55.70 billion, a P/E ratio of 31.78, a P/E/G ratio of 2.69 and a beta of 0.71.

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

Keurig Dr Pepper announced that its Board of Directors has authorized a share repurchase program on Friday, October 1st that authorizes the company to buyback $4.00 billion in shares. This buyback authorization authorizes the company to repurchase up to 8.1% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

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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