FY2018 EPS Estimates for Dr Pepper Snapple Group, Inc Decreased by Gabelli (DPS)

Dr Pepper Snapple Group, Inc (NYSE:DPS) – Gabelli lowered their FY2018 earnings per share (EPS) estimates for shares of Dr Pepper Snapple Group in a research note issued on Thursday, according to Zacks Investment Research. Gabelli analyst D. Witkowski now expects that the company will post earnings per share of $4.90 for the year, down from their previous forecast of $5.00. Gabelli also issued estimates for Dr Pepper Snapple Group’s FY2019 earnings at $5.30 EPS and FY2020 earnings at $5.75 EPS.

Dr Pepper Snapple Group (NYSE:DPS) last announced its quarterly earnings data on Wednesday, October 25th. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.16 by ($0.06). Dr Pepper Snapple Group had a net margin of 11.06% and a return on equity of 37.53%. The company had revenue of $1.74 billion for the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the company posted $1.17 EPS. Dr Pepper Snapple Group’s revenue for the quarter was up 3.6% on a year-over-year basis. WARNING: “FY2018 EPS Estimates for Dr Pepper Snapple Group, Inc Decreased by Gabelli (DPS)” was posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are reading this story on another publication, it was illegally copied and republished in violation of U.S. and international copyright and trademark laws. The original version of this story can be viewed at https://www.dispatchtribunal.com/2017/11/12/dr-pepper-snapple-group-inc-dps-forecasted-to-post-fy2018-earnings-of-4-90-per-share.html.

A number of other equities research analysts have also weighed in on the stock. UBS AG upped their target price on shares of Dr Pepper Snapple Group from $98.00 to $99.00 and gave the stock a “neutral” rating in a report on Friday, July 28th. Macquarie started coverage on shares of Dr Pepper Snapple Group in a report on Friday, September 15th. They issued a “neutral” rating and a $95.00 target price on the stock. BMO Capital Markets restated a “buy” rating and issued a $105.00 target price on shares of Dr Pepper Snapple Group in a report on Wednesday, September 6th. Wells Fargo & Company upgraded shares of Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a report on Monday, October 23rd. Finally, Credit Suisse Group set a $107.00 price objective on shares of Dr Pepper Snapple Group and gave the company a “buy” rating in a research note on Thursday, July 27th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $99.45.

Shares of Dr Pepper Snapple Group (DPS) opened at $86.32 on Friday. The company has a debt-to-equity ratio of 2.07, a current ratio of 0.93 and a quick ratio of 0.74. Dr Pepper Snapple Group has a fifty-two week low of $81.05 and a fifty-two week high of $99.47. The firm has a market cap of $15,584.39, a PE ratio of 19.62, a P/E/G ratio of 2.17 and a beta of 0.57.

In related news, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $91.12, for a total value of $701,624.00. Following the completion of the transaction, the insider now directly owns 6,053 shares of the company’s stock, valued at approximately $551,549.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $92.51, for a total transaction of $292,331.60. Following the completion of the transaction, the insider now directly owns 16,913 shares of the company’s stock, valued at $1,564,621.63. The disclosure for this sale can be found here. 0.58% of the stock is owned by corporate insiders.

A number of large investors have recently made changes to their positions in DPS. Gamco Investors INC. ET AL bought a new position in Dr Pepper Snapple Group in the 2nd quarter valued at $88,794,000. Janus Henderson Group PLC boosted its holdings in Dr Pepper Snapple Group by 684.7% in the 2nd quarter. Janus Henderson Group PLC now owns 964,536 shares of the company’s stock valued at $87,880,000 after purchasing an additional 841,626 shares during the period. BlackRock Inc. boosted its holdings in Dr Pepper Snapple Group by 4.9% in the 2nd quarter. BlackRock Inc. now owns 17,172,007 shares of the company’s stock valued at $1,564,543,000 after purchasing an additional 802,560 shares during the period. Principal Financial Group Inc. boosted its holdings in Dr Pepper Snapple Group by 195.9% in the 2nd quarter. Principal Financial Group Inc. now owns 1,209,566 shares of the company’s stock valued at $110,203,000 after purchasing an additional 800,808 shares during the period. Finally, Gabelli Funds LLC bought a new position in Dr Pepper Snapple Group in the 2nd quarter valued at $64,750,000. 90.73% of the stock is owned by hedge funds and other institutional investors.

Dr Pepper Snapple Group Company Profile

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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