Embotelladora Andina (NYSE:AKO.B) Issues Earnings Results, Beats Expectations By $0.03 EPS

Embotelladora Andina (NYSE:AKO.B) posted its earnings results on Tuesday. The company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03, Zacks reports. Embotelladora Andina had a net margin of 8.46% and a return on equity of 23.40%. The business had revenue of $960.89 million for the quarter, compared to analysts’ expectations of $945.76 million.

Embotelladora Andina Price Performance

Shares of NYSE AKO.B traded down $0.86 during midday trading on Thursday, hitting $28.64. The stock had a trading volume of 1,047 shares, compared to its average volume of 11,733. Embotelladora Andina has a fifty-two week low of $24.12 and a fifty-two week high of $33.86. The firm has a market cap of $4.52 billion, a P/E ratio of 13.96 and a beta of 0.58. The company’s 50-day simple moving average is $29.77 and its 200 day simple moving average is $29.45.

About Embotelladora Andina

Embotelladora Andina SA is a beverage company that manufactures, markets and distributes Coca-Cola products and other consumer beverages. Its portfolio includes carbonated soft drinks, bottled water, juices, sports drinks, energy drinks and other beverage categories, with products sold under The Coca-Cola Company’s brands as well as selected local and third-party brands.

The company operates as a Coca-Cola bottler in Chile, Argentina, Paraguay and portions of Brazil. Its activities include beverage production and packaging, sales and marketing, logistics, and distribution to supermarkets, convenience stores, restaurants, food-service operators and other retail customers.

Founded in 1946, Embotelladora Andina has expanded from its original Chilean operations into a broader South American bottling and distribution network.