The Coca-Cola (KO) Posts Quarterly Earnings Results

The Coca-Cola (NYSE:KO) issued its earnings results on Tuesday. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03, MarketWatch Earnings reports. The company had revenue of $8.25 billion during the quarter, compared to analysts’ expectations of $8.20 billion. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. The Coca-Cola updated its FY 2018 guidance to $2.06-2.10 EPS and its FY18 guidance to $2.06-2.10 EPS.

Shares of KO stock traded up $0.74 on Tuesday, reaching $47.20. The stock had a trading volume of 541,064 shares, compared to its average volume of 12,960,938. The company has a debt-to-equity ratio of 1.39, a quick ratio of 1.06 and a current ratio of 1.15. The stock has a market cap of $195.89 billion, a price-to-earnings ratio of 24.68, a PEG ratio of 2.89 and a beta of 0.74. The Coca-Cola has a 12 month low of $41.45 and a 12 month high of $48.62.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a $0.39 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.31%. The Coca-Cola’s payout ratio is 81.68%.

Several analysts have commented on the stock. HSBC set a $61.00 target price on shares of The Coca-Cola and gave the company a “buy” rating in a research report on Thursday, September 27th. Jefferies Financial Group set a $48.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Thursday, September 6th. Morgan Stanley set a $49.00 target price on shares of The Coca-Cola and gave the company a “neutral” rating in a research report on Wednesday, September 26th. Guggenheim started coverage on shares of The Coca-Cola in a research report on Thursday, September 13th. They set a “buy” rating and a $51.00 target price for the company. Finally, Bank of America reissued a “buy” rating and issued a $52.00 price target on shares of The Coca-Cola in a report on Tuesday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and thirteen have given a buy rating to the company. The Coca-Cola presently has a consensus rating of “Hold” and a consensus target price of $50.74.

In other The Coca-Cola news, VP Kathy N. Waller sold 48,354 shares of the stock in a transaction dated Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total value of $2,246,043.30. Following the transaction, the vice president now directly owns 200,725 shares of the company’s stock, valued at approximately $9,323,676.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider John Murphy sold 111,468 shares of the stock in a transaction dated Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total transaction of $5,178,803.28. Following the completion of the transaction, the insider now directly owns 196,337 shares in the company, valued at $9,121,817.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 168,576 shares of company stock worth $7,835,847. 1.48% of the stock is owned by insiders.

The Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based 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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Earnings History for The Coca-Cola (NYSE:KO)

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