Analysts Expect The Coca-Cola Company (KO) to Announce $0.46 EPS

Brokerages expect The Coca-Cola Company (NYSE:KO) to report earnings of $0.46 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for The Coca-Cola’s earnings, with the lowest EPS estimate coming in at $0.44 and the highest estimate coming in at $0.47. The Coca-Cola reported earnings per share of $0.43 during the same quarter last year, which indicates a positive year-over-year growth rate of 7%. The company is scheduled to announce its next earnings report before the market opens on Tuesday, April 24th.

On average, analysts expect that The Coca-Cola will report full year earnings of $2.09 per share for the current year, with EPS estimates ranging from $2.08 to $2.11. For the next fiscal year, analysts anticipate that the firm will post earnings of $2.27 per share, with EPS estimates ranging from $2.23 to $2.32. Zacks’ EPS averages are an average based on a survey of analysts that cover The Coca-Cola.

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The Coca-Cola (NYSE:KO) last posted its earnings results on Friday, February 16th. The company reported $0.39 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.38 by $0.01. The Coca-Cola had a net margin of 3.52% and a return on equity of 38.36%. The firm had revenue of $7.51 billion for the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter last year, the firm earned $0.37 EPS. The company’s quarterly revenue was down 20.2% compared to the same quarter last year.

KO has been the topic of several recent analyst reports. Vetr raised shares of The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 target price on the stock in a research report on Monday, December 11th. Deutsche Bank initiated coverage on shares of The Coca-Cola in a research report on Wednesday, December 13th. They set a “buy” rating and a $52.00 target price on the stock. JPMorgan Chase set a $48.00 target price on shares of The Coca-Cola and gave the stock a “neutral” rating in a research report on Friday, December 15th. Susquehanna Bancshares set a $45.00 target price on shares of The Coca-Cola and gave the stock a “hold” rating in a research report on Wednesday, December 20th. Finally, Royal Bank of Canada set a $56.00 target price on shares of The Coca-Cola and gave the stock a “buy” rating in a research report on Thursday, December 21st. Two analysts have rated the stock with a sell rating, thirteen have issued a hold rating and twelve have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $49.21.

In other The Coca-Cola news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the sale, the chief financial officer now owns 123,796 shares of the company’s stock, valued at approximately $5,713,185.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Jennifer K. Mann sold 1,883 shares of the business’s stock in a transaction on Monday, March 12th. The shares were sold at an average price of $45.00, for a total transaction of $84,735.00. Following the sale, the insider now directly owns 98,995 shares in the company, valued at approximately $4,454,775. The disclosure for this sale can be found here. Insiders have sold a total of 124,523 shares of company stock worth $5,885,511 in the last three months. Insiders own 1.48% of the company’s stock.

A number of hedge funds have recently modified their holdings of KO. Beach Investment Management LLC. purchased a new position in shares of The Coca-Cola during the 2nd quarter valued at $736,000. ARGA Investment Management LP grew its position in shares of The Coca-Cola by 61.1% during the 2nd quarter. ARGA Investment Management LP now owns 55,900 shares of the company’s stock valued at $2,507,000 after purchasing an additional 21,200 shares in the last quarter. Marble Harbor Investment Counsel LLC grew its position in shares of The Coca-Cola by 1.0% during the 2nd quarter. Marble Harbor Investment Counsel LLC now owns 167,253 shares of the company’s stock valued at $7,501,000 after purchasing an additional 1,600 shares in the last quarter. Chicago Equity Partners LLC grew its position in shares of The Coca-Cola by 126.7% during the 2nd quarter. Chicago Equity Partners LLC now owns 102,895 shares of the company’s stock valued at $4,615,000 after purchasing an additional 57,515 shares in the last quarter. Finally, Bronfman E.L. Rothschild L.P. grew its position in shares of The Coca-Cola by 11.9% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 79,293 shares of the company’s stock valued at $3,556,000 after purchasing an additional 8,441 shares in the last quarter. 66.15% of the stock is currently owned by institutional investors and hedge funds.

Shares of The Coca-Cola stock traded down $0.48 during mid-day trading on Friday, hitting $43.92. 11,495,075 shares of the stock were exchanged, compared to its average volume of 12,834,890. The Coca-Cola has a 12 month low of $42.19 and a 12 month high of $48.62. The company has a quick ratio of 1.25, a current ratio of 1.34 and a debt-to-equity ratio of 1.64. The stock has a market cap of $187,358.58, a P/E ratio of 22.99, a P/E/G ratio of 2.55 and a beta of 0.72.

The firm also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th were issued a dividend of $0.39 per share. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a yield of 3.55%. The Coca-Cola’s payout ratio is presently 81.68%.

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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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