$0.38 EPS Expected for Coca-Cola Company (The) (KO) This Quarter

Equities research analysts predict that Coca-Cola Company (The) (NYSE:KO) will post earnings of $0.38 per share for the current quarter, Zacks reports. Five analysts have issued estimates for Coca-Cola Company (The)’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.39. Coca-Cola Company (The) reported earnings of $0.37 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 2.7%. The business is scheduled to issue its next earnings report on Thursday, February 8th.

According to Zacks, analysts expect that Coca-Cola Company (The) will report full-year earnings of $1.90 per share for the current financial year, with EPS estimates ranging from $1.89 to $1.92. For the next year, analysts forecast that the firm will post earnings of $1.99 per share, with EPS estimates ranging from $1.92 to $2.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Coca-Cola Company (The).

Coca-Cola Company (The) (NYSE:KO) last posted its quarterly earnings results on Wednesday, October 25th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.49 by $0.01. The business had revenue of $9.08 billion during the quarter, compared to analysts’ expectations of $8.73 billion. Coca-Cola Company (The) had a net margin of 12.20% and a return on equity of 36.21%. The business’s quarterly revenue was down 14.6% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share.

A number of analysts have recently weighed in on KO shares. Wells Fargo & Company upgraded shares of Coca-Cola Company (The) from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $46.72 to $51.00 in a research note on Tuesday. Royal Bank Of Canada set a $49.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “buy” rating in a research note on Sunday. Vetr upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “strong-buy” rating in a research note on Tuesday, September 12th. Susquehanna Bancshares Inc set a $42.00 price objective on shares of Coca-Cola Company (The) and gave the stock a “hold” rating in a research note on Wednesday, October 18th. Finally, Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $52.00 price objective on the stock in a research note on Friday, October 27th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and nine have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $47.50.

In other news, insider J Alexander Douglas, Jr. sold 338,009 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total value of $15,578,834.81. Following the transaction, the insider now directly owns 320,013 shares of the company’s stock, valued at $14,749,399.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Brian John Smith sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $46.10, for a total transaction of $4,610,000.00. Following the completion of the transaction, the insider now directly owns 136,385 shares in the company, valued at $6,287,348.50. The disclosure for this sale can be found here. 1.51% of the stock is owned by company insiders.

Several large investors have recently bought and sold shares of the company. Cedar Hill Associates LLC lifted its stake in shares of Coca-Cola Company (The) by 239.6% in the third quarter. Cedar Hill Associates LLC now owns 16,980 shares of the company’s stock worth $764,000 after buying an additional 11,980 shares in the last quarter. Beacon Investment Advisory Services Inc. purchased a new position in shares of Coca-Cola Company (The) in the third quarter worth about $1,114,000. Zions Bancorporation lifted its stake in shares of Coca-Cola Company (The) by 34.6% in the third quarter. Zions Bancorporation now owns 97,008 shares of the company’s stock worth $4,367,000 after buying an additional 24,918 shares in the last quarter. Janus Henderson Group PLC lifted its stake in shares of Coca-Cola Company (The) by 9.3% in the third quarter. Janus Henderson Group PLC now owns 14,585,503 shares of the company’s stock worth $656,472,000 after buying an additional 1,246,217 shares in the last quarter. Finally, Vident Investment Advisory LLC purchased a new position in shares of Coca-Cola Company (The) in the third quarter worth about $1,396,000. 64.92% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Company (NYSE:KO) traded up $0.18 during midday trading on Tuesday, hitting $46.72. 7,653,500 shares of the company’s stock were exchanged, compared to its average volume of 11,414,618. The stock has a market capitalization of $198,291.45, a PE ratio of 24.62, a P/E/G ratio of 3.94 and a beta of 0.70. Coca-Cola Company has a fifty-two week low of $39.88 and a fifty-two week high of $46.98. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.48 annualized dividend and a dividend yield of 3.17%. Coca-Cola Company (The)’s dividend payout ratio (DPR) is 140.95%.

TRADEMARK VIOLATION NOTICE: This news story was posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this news story on another site, it was copied illegally and reposted in violation of United States & international copyright & trademark legislation. The original version of this news story can be viewed at https://sportsperspectives.com/2017/11/14/0-38-eps-expected-for-coca-cola-company-the-ko-this-quarter.html.

Coca-Cola Company (The) 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.

Get a free copy of the Zacks research report on Coca-Cola Company (The) (KO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply