Brokerages expect Dr Pepper Snapple Group, Inc (NYSE:DPS) to announce $1.78 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Five analysts have made estimates for Dr Pepper Snapple Group’s earnings, with estimates ranging from $1.76 billion to $1.79 billion. Dr Pepper Snapple Group reported sales of $1.68 billion during the same quarter last year, which indicates a positive year over year growth rate of 6%. The firm is expected to issue its next quarterly earnings report on Thursday, October 26th.

According to Zacks, analysts expect that Dr Pepper Snapple Group will report full year sales of $1.78 billion for the current financial year, with estimates ranging from $6.73 billion to $6.79 billion. For the next financial year, analysts forecast that the business will report sales of $7.05 billion per share, with estimates ranging from $7.00 billion to $7.08 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that cover Dr Pepper Snapple Group.

Dr Pepper Snapple Group (NYSE:DPS) last posted its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.28 by $0.03. The firm had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.25 earnings per share.

DPS has been the subject of a number of recent research reports. Jefferies Group LLC reiterated a “buy” rating and set a $116.00 price target (up from $115.00) on shares of Dr Pepper Snapple Group in a report on Tuesday, April 18th. BMO Capital Markets reiterated a “buy” rating and set a $105.00 price target on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a “hold” rating to a “buy” rating and set a $104.00 price target for the company in a report on Tuesday, June 27th. Credit Suisse Group reiterated a “buy” rating on shares of Dr Pepper Snapple Group in a report on Friday, June 23rd. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $91.00 price target on shares of Dr Pepper Snapple Group in a report on Monday, May 15th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and six have given a buy rating to the stock. Dr Pepper Snapple Group has an average rating of “Hold” and a consensus target price of $99.64.

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Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. boosted its position in shares of Dr Pepper Snapple Group by 1,517.3% in the first quarter. BlackRock Inc. now owns 16,369,447 shares of the company’s stock worth $1,602,895,000 after buying an additional 15,357,318 shares during the period. Gamco Investors INC. ET AL acquired a new position in shares of Dr Pepper Snapple Group during the second quarter worth $88,794,000. FIL Ltd boosted its position in shares of Dr Pepper Snapple Group by 521.2% in the first quarter. FIL Ltd now owns 990,941 shares of the company’s stock worth $97,033,000 after buying an additional 831,425 shares during the period. Bank of Montreal Can boosted its position in shares of Dr Pepper Snapple Group by 43.4% in the first quarter. Bank of Montreal Can now owns 2,679,499 shares of the company’s stock worth $262,375,000 after buying an additional 810,357 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Dr Pepper Snapple Group by 195.9% in the second quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock worth $110,203,000 after buying an additional 800,808 shares during the period. 90.74% of the stock is currently owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group (DPS) opened at 90.31 on Wednesday. The firm has a 50-day moving average of $91.42 and a 200 day moving average of $93.14. Dr Pepper Snapple Group has a 12-month low of $81.05 and a 12-month high of $99.47. The firm has a market capitalization of $16.41 billion, a price-to-earnings ratio of 21.66 and a beta of 0.60.

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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Earnings History and Estimates for Dr Pepper Snapple Group (NYSE:DPS)

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