$0.55 EPS Expected for The Coca-Cola Co (KO) This Quarter

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Wall Street analysts expect The Coca-Cola Co (NYSE:KO) to post earnings of $0.55 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for The Coca-Cola’s earnings. The lowest EPS estimate is $0.53 and the highest is $0.56. The Coca-Cola posted earnings of $0.50 per share during the same quarter last year, which suggests a positive year over year growth rate of 10%. The firm is scheduled to announce its next earnings results before the market opens on Tuesday, October 30th.

According to Zacks, analysts expect that The Coca-Cola will report full-year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $2.05 to $2.08. For the next fiscal year, analysts expect that the company will post earnings of $2.21 per share, with EPS estimates ranging from $2.17 to $2.25. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow The Coca-Cola.

The Coca-Cola (NYSE:KO) last issued its earnings results on Wednesday, July 25th. The company reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The Coca-Cola had a net margin of 7.18% and a return on equity of 40.68%. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.54 billion. During the same period in the previous year, the firm earned $0.59 earnings per share. The Coca-Cola’s quarterly revenue was down 8.3% compared to the same quarter last year.

A number of brokerages have weighed in on KO. Barclays reiterated a “buy” rating and set a $50.00 price target on shares of The Coca-Cola in a research report on Friday, October 5th. Zacks Investment Research cut shares of The Coca-Cola from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. Macquarie reiterated a “neutral” rating and set a $47.00 price target on shares of The Coca-Cola in a research report on Thursday, October 4th. Morningstar set a $49.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a report on Tuesday, October 2nd. Finally, HSBC set a $61.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a report on Thursday, September 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eleven have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $50.64.

KO stock traded up $0.04 during trading on Monday, reaching $44.68. 11,158,698 shares of the stock were exchanged, compared to its average volume of 11,826,480. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The Coca-Cola has a 1 year low of $41.45 and a 1 year high of $48.62. The company has a market capitalization of $197.04 billion, a PE ratio of 23.39, a price-to-earnings-growth ratio of 2.85 and a beta of 0.74.

The firm also recently declared a quarterly dividend, which was paid on Monday, October 1st. Investors of record on Friday, September 14th were given a $0.39 dividend. The ex-dividend date was Thursday, September 13th. This represents a $1.56 annualized dividend and a yield of 3.49%. The Coca-Cola’s dividend payout ratio (DPR) is 81.68%.

In other The Coca-Cola news, insider John Murphy sold 111,468 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. Following the transaction, the insider now directly owns 196,337 shares of the company’s stock, valued at approximately $9,121,817.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Kathy N. Waller sold 48,354 shares of the business’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $46.45, for a total transaction of $2,246,043.30. Following the completion of the transaction, the vice president now directly owns 200,725 shares in the company, valued at $9,323,676.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 215,822 shares of company stock valued at $10,027,727. 1.48% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Norinchukin Bank The grew its stake in shares of The Coca-Cola by 14.7% during the 1st quarter. Norinchukin Bank The now owns 684,541 shares of the company’s stock worth $29,730,000 after purchasing an additional 87,736 shares during the period. Mn Services Vermogensbeheer B.V. grew its stake in shares of The Coca-Cola by 1.5% during the 1st quarter. Mn Services Vermogensbeheer B.V. now owns 641,029 shares of the company’s stock worth $27,840,000 after purchasing an additional 9,600 shares during the period. IFM Investors Pty Ltd grew its stake in The Coca-Cola by 10.8% in the 1st quarter. IFM Investors Pty Ltd now owns 126,015 shares of the company’s stock valued at $5,473,000 after acquiring an additional 12,313 shares during the last quarter. Beaumont Financial Partners LLC grew its stake in The Coca-Cola by 99.6% in the 1st quarter. Beaumont Financial Partners LLC now owns 15,693 shares of the company’s stock valued at $682,000 after acquiring an additional 7,831 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in The Coca-Cola by 10.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,576,907 shares of the company’s stock valued at $459,348,000 after acquiring an additional 998,551 shares during the last quarter. 65.31% of the stock is currently owned by institutional investors.

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

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