Wall Street brokerages expect that Keurig Dr Pepper Inc (NYSE:KDP) will post earnings of $0.35 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Keurig Dr Pepper’s earnings. The lowest EPS estimate is $0.34 and the highest is $0.35. Keurig Dr Pepper reported earnings per share of $0.30 in the same quarter last year, which would suggest a positive year-over-year growth rate of 16.7%. The company is scheduled to issue its next quarterly earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Keurig Dr Pepper will report full-year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.25. For the next financial year, analysts anticipate that the company will report earnings of $1.40 per share, with EPS estimates ranging from $1.37 to $1.43. Zacks’ EPS calculations are an average based on a survey of research firms that cover Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, November 7th. The company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. Keurig Dr Pepper had a net margin of 10.13% and a return on equity of 7.27%. The business had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.86 billion. During the same period last year, the company earned $0.30 EPS. The firm’s revenue was up 5.1% compared to the same quarter last year.
A number of brokerages have recently commented on KDP. Morgan Stanley set a $24.00 price target on shares of Keurig Dr Pepper and gave the stock a “sell” rating in a report on Friday, August 9th. SunTrust Banks set a $35.00 target price on Keurig Dr Pepper and gave the stock a “buy” rating in a research report on Friday, September 27th. Royal Bank of Canada set a $31.00 target price on Keurig Dr Pepper and gave the stock a “buy” rating in a report on Friday, August 9th. Guggenheim reiterated a “hold” rating on shares of Keurig Dr Pepper in a research report on Friday, September 27th. Finally, Bank of America increased their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and nine have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $30.49.
In related news, Director Robert S. Singer purchased 1,500 shares of Keurig Dr Pepper stock in a transaction on Monday, November 11th. The stock was acquired at an average cost of $29.02 per share, for a total transaction of $43,530.00. Following the completion of the acquisition, the director now owns 53,001 shares of the company’s stock, valued at approximately $1,538,089.02. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Mary Beth Denooyer purchased 6,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The stock was bought at an average cost of $27.69 per share, with a total value of $166,140.00. Over the last three months, insiders bought 82,500 shares of company stock valued at $2,313,255. Corporate insiders own 0.44% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in KDP. MRA Associates USA LLC acquired a new position in shares of Keurig Dr Pepper during the second quarter valued at about $25,000. Fulcrum Equity Management bought a new stake in Keurig Dr Pepper in the third quarter worth about $30,000. Pearl River Capital LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at about $31,000. Steward Partners Investment Advisory LLC purchased a new position in Keurig Dr Pepper in the second quarter valued at about $42,000. Finally, Quadrant Capital Group LLC grew its position in shares of Keurig Dr Pepper by 221.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 1,809 shares of the company’s stock valued at $46,000 after acquiring an additional 1,246 shares during the period. 20.53% of the stock is currently owned by institutional investors.
NYSE KDP traded up $0.13 on Friday, hitting $30.13. The company’s stock had a trading volume of 83,766 shares, compared to its average volume of 1,990,376. The company’s 50-day moving average is $29.03 and its 200 day moving average is $28.42. The firm has a market cap of $43.53 billion, a PE ratio of 28.97, a PEG ratio of 1.66 and a beta of 0.46. Keurig Dr Pepper has a 1-year low of $24.52 and a 1-year high of $32.00. The company has a quick ratio of 0.23, a current ratio of 0.35 and a debt-to-equity ratio of 0.57.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, January 2nd. This represents a $0.60 dividend on an annualized basis and a yield of 1.99%. Keurig Dr Pepper’s payout ratio is currently 57.69%.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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