Equities research analysts expect that Coca-Cola Company (The) (NYSE:KO) will post sales of $8.81 billion for the current quarter, Zacks reports. Five analysts have provided estimates for Coca-Cola Company (The)’s earnings, with the highest sales estimate coming in at $8.95 billion and the lowest estimate coming in at $8.69 billion. Coca-Cola Company (The) reported sales of $10.63 billion during the same quarter last year, which would suggest a negative year over year growth rate of 17.1%. The firm is expected to report its next quarterly earnings report on Wednesday, October 25th.

On average, analysts expect that Coca-Cola Company (The) will report full year sales of $8.81 billion for the current year, with estimates ranging from $34.68 billion to $35.60 billion. For the next fiscal year, analysts expect that the company will report sales of $30.77 billion per share, with estimates ranging from $29.75 billion to $31.53 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that that provide coverage for Coca-Cola Company (The).

Coca-Cola Company (The) (NYSE:KO) last released its earnings results on Wednesday, July 26th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.02. The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Coca-Cola Company (The) had a net margin of 10.68% and a return on equity of 34.53%. The business’s revenue was down 15.9% on a year-over-year basis. During the same quarter last year, the business earned $0.60 EPS.

Several equities analysts have commented on KO shares. TheStreet upgraded shares of Coca-Cola Company (The) from a “c+” rating to a “b” rating in a research note on Thursday, April 27th. Vetr upgraded shares of Coca-Cola Company (The) from a “hold” rating to a “buy” rating and set a $44.81 price target on the stock in a research note on Monday, April 24th. Zacks Investment Research upgraded shares of Coca-Cola Company (The) from a “sell” rating to a “buy” rating and set a $48.00 price target on the stock in a research note on Friday, April 21st. UBS AG set a $48.00 price target on shares of Coca-Cola Company (The) and gave the company a “buy” rating in a research note on Tuesday, April 18th. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $46.00 price target on shares of Coca-Cola Company (The) in a research note on Wednesday, April 26th. Two analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $45.70.

Shares of Coca-Cola Company (KO) opened at 45.59 on Friday. The company has a market cap of $194.46 billion, a price-to-earnings ratio of 48.14 and a beta of 0.69. Coca-Cola Company has a 12-month low of $39.88 and a 12-month high of $46.43. The stock has a 50 day moving average of $45.14 and a 200 day moving average of $43.57.

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 15th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date is Thursday, September 14th. Coca-Cola Company (The)’s dividend payout ratio (DPR) is currently 154.17%.

In other Coca-Cola Company (The) news, insider Jennifer K. Mann sold 8,819 shares of the firm’s stock in a transaction on Monday, August 7th. The stock was sold at an average price of $45.61, for a total value of $402,234.59. Following the completion of the sale, the insider now owns 30,553 shares of the company’s stock, valued at $1,393,522.33. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Mark Randazza sold 24,156 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $46.01, for a total value of $1,111,417.56. Following the completion of the sale, the insider now directly owns 26,567 shares of the company’s stock, valued at approximately $1,222,347.67. The disclosure for this sale can be found here. In the last three months, insiders sold 614,841 shares of company stock valued at $27,900,186. 1.51% of the stock is owned by corporate insiders.

A number of large investors have recently added to or reduced their stakes in KO. Vanguard Group Inc. increased its stake in Coca-Cola Company (The) by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after buying an additional 4,818,963 shares during the period. BlackRock Inc. increased its stake in Coca-Cola Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after buying an additional 750,257 shares during the period. State Street Corp increased its stake in Coca-Cola Company (The) by 1.2% in the first quarter. State Street Corp now owns 173,789,519 shares of the company’s stock worth $7,375,663,000 after buying an additional 2,009,675 shares during the period. Northern Trust Corp increased its stake in Coca-Cola Company (The) by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after buying an additional 2,167,225 shares during the period. Finally, Norges Bank acquired a new stake in Coca-Cola Company (The) during the fourth quarter worth approximately $1,486,731,000. 63.68% of the stock is owned by institutional investors.

WARNING: This piece was reported by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of US & international copyright legislation. The original version of this piece can be read at https://www.dailypolitical.com/2017/08/12/coca-cola-company-the-ko-expected-to-post-quarterly-sales-of-8-81-billion.html.

About Coca-Cola Company (The)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.

Get a free copy of the Zacks research report on Coca-Cola Company (The) (KO)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Coca-Cola Company (The) (NYSE:KO)

Receive News & Ratings for Coca-Cola Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.