The Coca-Cola Co (KO) Expected to Post Earnings of $0.62 Per Share
Equities research analysts expect The Coca-Cola Co (NYSE:KO) to post $0.62 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for The Coca-Cola’s earnings, with the lowest EPS estimate coming in at $0.61 and the highest estimate coming in at $0.63. The Coca-Cola reported earnings per share of $0.61 during the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The business is scheduled to announce its next earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that The Coca-Cola will report full year earnings of $2.10 per share for the current year, with EPS estimates ranging from $2.09 to $2.10. For the next year, analysts anticipate that the company will report earnings of $2.26 per share, with EPS estimates ranging from $2.18 to $2.31. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow The Coca-Cola.
The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The Coca-Cola had a net margin of 20.91% and a return on equity of 45.12%. The firm had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.89 billion. During the same quarter last year, the company earned $0.47 EPS. The firm’s revenue for the quarter was up 5.3% compared to the same quarter last year.
The Coca-Cola stock traded down $0.12 during trading on Friday, reaching $49.13. The company had a trading volume of 11,364,175 shares, compared to its average volume of 11,381,387. The Coca-Cola has a 1-year low of $42.10 and a 1-year high of $50.84. The stock has a market capitalization of $210.11 billion, a P/E ratio of 23.62, a P/E/G ratio of 3.31 and a beta of 0.53. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.91 and a current ratio of 1.02.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Stockholders of record on Friday, June 14th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.60 annualized dividend and a dividend yield of 3.26%. The Coca-Cola’s dividend payout ratio is presently 76.92%.
In other news, SVP Beatriz R. Perez sold 14,094 shares of The Coca-Cola stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $49.50, for a total transaction of $697,653.00. Following the transaction, the senior vice president now owns 108,551 shares in the company, valued at approximately $5,373,274.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Francisco Crespo sold 16,426 shares of The Coca-Cola stock in a transaction on Tuesday, April 30th. The stock was sold at an average price of $49.00, for a total value of $804,874.00. Following the transaction, the insider now owns 77,109 shares in the company, valued at approximately $3,778,341. The disclosure for this sale can be found here. In the last quarter, insiders have sold 66,840 shares of company stock worth $3,257,201. Insiders own 1.33% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc raised its holdings in The Coca-Cola by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 289,055,893 shares of the company’s stock valued at $13,351,492,000 after buying an additional 3,918,108 shares during the period. Nippon Life Global Investors Americas Inc. grew its position in The Coca-Cola by 51.3% in the 4th quarter. Nippon Life Global Investors Americas Inc. now owns 285,430 shares of the company’s stock valued at $13,515,000 after acquiring an additional 96,800 shares in the last quarter. Joel Isaacson & Co. LLC grew its position in The Coca-Cola by 8.1% in the 4th quarter. Joel Isaacson & Co. LLC now owns 22,240 shares of the company’s stock valued at $1,053,000 after acquiring an additional 1,659 shares in the last quarter. PFG Advisors acquired a new position in The Coca-Cola in the 4th quarter valued at about $373,000. Finally, Nachman Norwood & Parrott Inc acquired a new position in The Coca-Cola in the 4th quarter valued at about $30,493,000. Institutional investors and hedge funds own 66.85% of the company’s stock.
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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