The Coca-Cola (NYSE:KO) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, July 23rd. Analysts expect the company to announce earnings of $0.62 per share for the quarter. The Coca-Cola has set its FY 2019 guidance at $2.06-2.10 EPS and its FY19 guidance at $2.05-2.10 EPS.Parties that wish to listen to the company’s conference call can do so using this link.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a return on equity of 45.12% and a net margin of 20.91%. The company had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. During the same period in the prior year, the firm earned $0.47 earnings per share. The firm’s revenue was up 5.3% compared to the same quarter last year. On average, analysts expect The Coca-Cola to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
NYSE:KO opened at $51.39 on Monday. The company has a quick ratio of 0.91, a current ratio of 1.02 and a debt-to-equity ratio of 1.48. The stock’s fifty day moving average price is $51.37. The Coca-Cola has a 52 week low of $44.25 and a 52 week high of $52.47. The firm has a market capitalization of $219.24 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 3.52 and a beta of 0.50.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Monday, September 16th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Friday, September 13th. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.
A number of analysts have recently weighed in on the company. Morgan Stanley raised Dongfeng Motor Group from an “equal weight” rating to an “overweight” rating in a research report on Monday, July 1st. JPMorgan Chase & Co. set a €54.00 ($62.79) price objective on Axel Springer and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. Wells Fargo & Co upped their price objective on Restaurant Brands International from $68.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 16th. Zacks Investment Research raised Investar from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, June 4th. Finally, ValuEngine lowered Zosano Pharma from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Twelve analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $51.26.
In other The Coca-Cola news, insider Jennifer K. Mann sold 9,000 shares of the stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $51.88, for a total value of $466,920.00. Following the completion of the transaction, the insider now directly owns 41,049 shares of the company’s stock, valued at $2,129,622.12. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Nancy Quan sold 23,320 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $47.95, for a total transaction of $1,118,194.00. Following the completion of the transaction, the senior vice president now directly owns 165,049 shares of the company’s stock, valued at $7,914,099.55. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 316,600 shares of company stock valued at $15,760,365. 1.33% of the stock is currently owned by corporate insiders.
The Coca-Cola Company Profile
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 plantbased 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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