$0.31 Earnings Per Share Expected for Keurig Dr Pepper Inc (KDP) This Quarter

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Analysts forecast that Keurig Dr Pepper Inc (NYSE:KDP) will announce $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Keurig Dr Pepper’s earnings. The highest EPS estimate is $0.32 and the lowest is $0.29. Keurig Dr Pepper posted earnings of $1.17 per share in the same quarter last year, which would indicate a negative year over year growth rate of 73.5%. The firm is scheduled to announce its next earnings report on Wednesday, February 13th.

On average, analysts expect that Keurig Dr Pepper will report full year earnings of $1.04 per share for the current year, with EPS estimates ranging from $1.00 to $1.07. For the next year, analysts forecast that the business will post earnings of $1.24 per share, with EPS estimates ranging from $1.19 to $1.26. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Keurig Dr Pepper.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Wednesday, November 7th. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a return on equity of 46.22% and a net margin of 13.55%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.87 billion. During the same quarter in the prior year, the company posted $0.21 EPS. The company’s quarterly revenue was up 139.6% on a year-over-year basis.

KDP has been the topic of several recent analyst reports. Bank of America set a $30.00 price target on Keurig Dr Pepper and gave the company a “buy” rating in a research note on Monday, July 16th. Goldman Sachs Group initiated coverage on Keurig Dr Pepper in a research note on Wednesday, July 18th. They issued a “neutral” rating and a $26.00 price target on the stock. Susquehanna Bancshares initiated coverage on Keurig Dr Pepper in a research note on Wednesday, July 25th. They issued a “positive” rating and a $33.00 price target on the stock. ValuEngine lowered Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. Finally, Citigroup upped their price target on Keurig Dr Pepper from $15.46 to $26.00 and gave the company a “neutral” rating in a research note on Friday, August 10th. Nine equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $25.38.

In other news, insider Brian Andrew Loucks acquired 13,050 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were purchased at an average price of $22.86 per share, for a total transaction of $298,323.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Maria A. Sceppaguercio-Gever acquired 49,638 shares of the business’s stock in a transaction that occurred on Thursday, September 13th. The stock was purchased at an average price of $23.91 per share, for a total transaction of $1,186,844.58. The disclosure for this purchase can be found here. Insiders purchased a total of 188,320 shares of company stock worth $4,399,673 in the last quarter. Company insiders own 0.58% of the company’s stock.

Several hedge funds have recently bought and sold shares of KDP. TradeLink Capital LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $2,806,000. Twin Tree Management LP purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $2,442,000. KCM Investment Advisors LLC purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $677,000. Marshall Wace LLP purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $3,746,000. Finally, Public Employees Retirement System of Ohio purchased a new stake in Keurig Dr Pepper during the 2nd quarter worth about $8,695,000. Hedge funds and other institutional investors own 11.56% of the company’s stock.

Shares of Keurig Dr Pepper stock traded up $0.05 during trading hours on Monday, hitting $28.52. The company’s stock had a trading volume of 1,954,139 shares, compared to its average volume of 3,572,976. Keurig Dr Pepper has a twelve month low of $20.46 and a twelve month high of $126.65. The firm has a market cap of $38.37 billion, a PE ratio of 6.28, a price-to-earnings-growth ratio of 1.65 and a beta of 0.47. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.52.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Investors of record on Friday, October 5th were issued a $0.15 dividend. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. Keurig Dr Pepper’s dividend payout ratio is presently 13.22%.

About Keurig Dr Pepper

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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