Zacks: Analysts Anticipate Dr Pepper Snapple Group, Inc (NYSE:DPS) to Post $1.27 Earnings Per Share
Wall Street brokerages forecast that Dr Pepper Snapple Group, Inc (NYSE:DPS) will report earnings per share of $1.27 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Dr Pepper Snapple Group’s earnings. The highest EPS estimate is $1.31 and the lowest is $1.20. Dr Pepper Snapple Group posted earnings per share of $1.25 in the same quarter last year, which would indicate a positive year over year growth rate of 1.6%. The company is scheduled to report its next quarterly earnings report before the market opens on Thursday, July 27th.
According to Zacks, analysts expect that Dr Pepper Snapple Group will report full-year earnings of $4.65 per share for the current financial year, with EPS estimates ranging from $4.58 to $4.70. For the next financial year, analysts forecast that the business will post earnings of $5.00 per share, with EPS estimates ranging from $4.83 to $5.16. Zacks’ EPS calculations are an average based on a survey of research firms that follow Dr Pepper Snapple Group.
Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Wednesday, April 26th. The company reported $1.01 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.96 by $0.05. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.55 billion. Dr Pepper Snapple Group had a net margin of 13.03% and a return on equity of 38.52%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS.
A number of equities analysts recently commented on the company. Jefferies Group LLC restated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, March 24th. Barclays PLC restated a “hold” rating and issued a $99.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, April 28th. Royal Bank Of Canada restated a “hold” rating and issued a $91.00 price objective on shares of Dr Pepper Snapple Group in a report on Friday, May 5th. Morgan Stanley raised Dr Pepper Snapple Group from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, May 16th. Finally, Susquehanna Bancshares Inc set a $92.00 price objective on Dr Pepper Snapple Group and gave the company a “hold” rating in a research report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $98.29.
Institutional investors have recently modified their holdings of the company. Baystate Wealth Management LLC increased its position in Dr Pepper Snapple Group by 5.0% in the first quarter. Baystate Wealth Management LLC now owns 1,113 shares of the company’s stock worth $108,000 after buying an additional 53 shares during the period. Huntington National Bank increased its position in Dr Pepper Snapple Group by 5.4% in the first quarter. Huntington National Bank now owns 1,100 shares of the company’s stock worth $108,000 after buying an additional 56 shares during the period. Meeder Asset Management Inc. bought a new position in Dr Pepper Snapple Group during the first quarter worth approximately $113,000. Benjamin F. Edwards & Company Inc. increased its position in Dr Pepper Snapple Group by 3.2% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,817 shares of the company’s stock worth $178,000 after buying an additional 57 shares during the period. Finally, Checchi Capital Advisers LLC bought a new position in Dr Pepper Snapple Group during the first quarter worth approximately $204,000. 90.04% of the stock is owned by institutional investors and hedge funds.
Shares of Dr Pepper Snapple Group (NYSE DPS) traded down 0.04% during midday trading on Monday, hitting $90.28. 754,240 shares of the stock were exchanged. The stock has a market cap of $16.59 billion, a P/E ratio of 19.87 and a beta of 0.61. Dr Pepper Snapple Group has a one year low of $81.05 and a one year high of $99.47. The stock’s 50-day moving average price is $92.52 and its 200 day moving average price is $93.14.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 6th. Stockholders of record on Wednesday, June 14th were issued a dividend of $0.58 per share. The ex-dividend date was Monday, June 12th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 2.57%. Dr Pepper Snapple Group’s dividend payout ratio (DPR) is currently 51.10%.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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