Zacks: Analysts Anticipate Coca-Cola Co (The) (NYSE:KO) to Post $0.43 EPS

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Wall Street brokerages forecast that Coca-Cola Co (The) (NYSE:KO) will post earnings per share of $0.43 for the current quarter, according to Zacks. Four analysts have made estimates for Coca-Cola’s earnings. The highest EPS estimate is $0.51 and the lowest is $0.34. Coca-Cola posted earnings per share of $0.63 in the same quarter last year, which suggests a negative year-over-year growth rate of 31.7%. The company is scheduled to announce its next quarterly earnings results on Tuesday, July 28th.

On average, analysts expect that Coca-Cola will report full-year earnings of $1.83 per share for the current fiscal year, with EPS estimates ranging from $1.72 to $1.95. For the next financial year, analysts expect that the firm will report earnings of $2.06 per share, with EPS estimates ranging from $1.90 to $2.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Coca-Cola.

Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.51 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.07. The firm had revenue of $8.60 billion during the quarter, compared to analysts’ expectations of $8.32 billion. Coca-Cola had a return on equity of 45.26% and a net margin of 26.95%. Coca-Cola’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.48 earnings per share.

A number of brokerages have recently weighed in on KO. Goldman Sachs Group began coverage on Coca-Cola in a research report on Wednesday, April 1st. They issued a “neutral” rating and a $46.00 price target for the company. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a research report on Wednesday, March 25th. Zacks Investment Research cut Coca-Cola from a “hold” rating to a “sell” rating and set a $49.00 price target for the company. in a research report on Wednesday, May 27th. JPMorgan Chase & Co. upgraded Coca-Cola from a “neutral” rating to an “overweight” rating and set a $44.00 price target for the company in a research report on Monday, March 23rd. Finally, Jefferies Financial Group dropped their price target on Coca-Cola from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Coca-Cola currently has an average rating of “Buy” and an average target price of $54.59.

NYSE:KO traded up $0.31 during trading hours on Wednesday, hitting $46.99. The company’s stock had a trading volume of 17,010,243 shares, compared to its average volume of 19,427,348. Coca-Cola has a 52-week low of $36.27 and a 52-week high of $60.13. The company has a market capitalization of $200.49 billion, a PE ratio of 20.25, a PEG ratio of 5.31 and a beta of 0.55. The business’s 50-day moving average is $46.04 and its two-hundred day moving average is $51.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.76 and a current ratio of 0.87.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 15th will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Friday, June 12th. Coca-Cola’s dividend payout ratio (DPR) is 77.73%.

In other Coca-Cola news, SVP Lisa Chang purchased 1,650 shares of the stock in a transaction on Monday, April 27th. The stock was bought at an average price of $46.74 per share, for a total transaction of $77,121.00. Following the acquisition, the senior vice president now directly owns 5,826 shares of the company’s stock, valued at $272,307.24. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.01% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of KO. Optimal Asset Management Inc. lifted its stake in shares of Coca-Cola by 160.7% in the 1st quarter. Optimal Asset Management Inc. now owns 135,306 shares of the company’s stock valued at $5,987,000 after purchasing an additional 83,402 shares in the last quarter. Tredje AP fonden lifted its stake in shares of Coca-Cola by 206.0% in the 1st quarter. Tredje AP fonden now owns 834,985 shares of the company’s stock valued at $36,948,000 after purchasing an additional 562,133 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its stake in shares of Coca-Cola by 5.9% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 771,641 shares of the company’s stock valued at $34,145,000 after purchasing an additional 43,301 shares in the last quarter. Rainier Group Investment Advisory LLC lifted its stake in shares of Coca-Cola by 16.8% in the 1st quarter. Rainier Group Investment Advisory LLC now owns 8,773 shares of the company’s stock valued at $388,000 after purchasing an additional 1,264 shares in the last quarter. Finally, National Pension Service lifted its stake in shares of Coca-Cola by 1.1% in the 1st quarter. National Pension Service now owns 4,536,378 shares of the company’s stock valued at $200,735,000 after purchasing an additional 51,053 shares in the last quarter. Institutional investors own 67.48% of the company’s stock.

About 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 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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