Zacks: Analysts Expect The Coca-Cola Co (NYSE:KO) Will Post Earnings of $0.43 Per Share

Analysts expect The Coca-Cola Co (NYSE:KO) to announce earnings per share (EPS) of $0.43 for the current quarter, Zacks reports. Five analysts have issued estimates for The Coca-Cola’s earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.44. The Coca-Cola also reported earnings of $0.43 per share during the same quarter last year. The firm is scheduled to announce its next quarterly earnings report on Thursday, February 13th.

On average, analysts expect that The Coca-Cola will report full-year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.09 to $2.11. For the next fiscal year, analysts anticipate that the business will post earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.27. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for The Coca-Cola.

The Coca-Cola (NYSE:KO) last released its quarterly earnings results on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.56. The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.42 billion. The Coca-Cola had a return on equity of 45.21% and a net margin of 22.41%. The business’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 earnings per share.

A number of research firms have recently weighed in on KO. Wells Fargo & Co set a $60.00 price target on The Coca-Cola and gave the company a “buy” rating in a report on Monday, October 21st. Evercore ISI reiterated a “buy” rating and set a $60.00 price objective on shares of The Coca-Cola in a research note on Sunday, November 17th. Guggenheim set a $59.00 price objective on shares of The Coca-Cola and gave the company a “buy” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. set a $59.00 price objective on shares of The Coca-Cola and gave the company a “neutral” rating in a research note on Friday, October 18th. Finally, UBS Group upgraded shares of The Coca-Cola from a “neutral” rating to a “buy” rating and raised their price objective for the company from $55.00 to $63.00 in a research note on Wednesday, October 23rd. Seven research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $57.05.

In other The Coca-Cola news, SVP James L. Dinkins sold 18,389 shares of The Coca-Cola stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $55.00, for a total transaction of $1,011,395.00. Following the transaction, the senior vice president now directly owns 69,344 shares in the company, valued at approximately $3,813,920. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Larry M. Mark sold 90,289 shares of The Coca-Cola stock in a transaction that occurred on Friday, December 20th. The stock was sold at an average price of $54.93, for a total transaction of $4,959,574.77. Following the transaction, the vice president now owns 93,474 shares in the company, valued at $5,134,526.82. The disclosure for this sale can be found here. In the last 90 days, insiders sold 132,678 shares of company stock worth $7,264,570. 1.33% of the stock is currently owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of KO. Tiemann Investment Advisors LLC lifted its stake in shares of The Coca-Cola by 2.0% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 9,487 shares of the company’s stock valued at $516,000 after purchasing an additional 189 shares during the last quarter. Executive Wealth Management LLC lifted its stake in shares of The Coca-Cola by 11.9% in the 3rd quarter. Executive Wealth Management LLC now owns 1,843 shares of the company’s stock valued at $100,000 after purchasing an additional 196 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. lifted its stake in shares of The Coca-Cola by 1.2% in the 3rd quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 17,168 shares of the company’s stock valued at $935,000 after purchasing an additional 197 shares during the last quarter. M. Kraus & Co lifted its stake in shares of The Coca-Cola by 4.2% in the 3rd quarter. M. Kraus & Co now owns 5,009 shares of the company’s stock valued at $273,000 after purchasing an additional 200 shares during the last quarter. Finally, LifePlan Financial Group Inc lifted its stake in shares of The Coca-Cola by 6.0% in the 3rd quarter. LifePlan Financial Group Inc now owns 3,558 shares of the company’s stock valued at $194,000 after purchasing an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 67.54% of the company’s stock.

KO opened at $55.53 on Thursday. The business’s 50 day moving average is $54.37 and its 200-day moving average is $53.64. The stock has a market cap of $237.10 billion, a PE ratio of 26.70, a price-to-earnings-growth ratio of 3.77 and a beta of 0.42. The company has a current ratio of 0.92, a quick ratio of 0.79 and a debt-to-equity ratio of 1.50. The Coca-Cola has a twelve month low of $44.42 and a twelve month high of $55.93.

The firm also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 2nd were given a $0.40 dividend. The ex-dividend date was Friday, November 29th. This represents a $1.60 annualized dividend and a yield of 2.88%. The Coca-Cola’s dividend payout ratio (DPR) is 76.92%.

About The Coca-Cola

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

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