Equities research analysts expect that The Coca-Cola Co (NYSE:KO) will announce earnings per share of $0.43 for the current fiscal quarter, Zacks reports. Five analysts have made estimates for The Coca-Cola’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.43. The Coca-Cola also reported earnings per share of $0.43 during the same quarter last year. The firm is expected to report its next earnings report before the market opens on Thursday, January 30th.
On average, analysts expect that The Coca-Cola will report full year earnings of $2.10 per share for the current fiscal year, with EPS estimates ranging from $2.09 to $2.11. For the next financial year, analysts forecast that the firm will post earnings of $2.24 per share, with EPS estimates ranging from $2.20 to $2.27. Zacks’ EPS averages are an average based on a survey of analysts that cover 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, hitting analysts’ consensus estimates of $0.56. The business had revenue of $9.51 billion during 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 company’s revenue was up 8.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.57 EPS.
A number of equities analysts have recently weighed in on KO shares. Morgan Stanley reiterated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Tuesday, October 29th. JPMorgan Chase & Co. set a $59.00 price target on The Coca-Cola and gave the stock a “neutral” rating in a report on Friday, October 18th. Guggenheim set a $59.00 price target on The Coca-Cola and gave the stock a “buy” rating in a report on Friday, October 18th. Evercore ISI reiterated a “buy” rating and set a $60.00 price target on shares of The Coca-Cola in a report on Sunday, November 17th. Finally, UBS Group upgraded The Coca-Cola from a “neutral” rating to a “buy” rating and increased their price target for the stock from $55.00 to $63.00 in a report 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 Coca-Cola has a consensus rating of “Buy” and an average target price of $57.05.
Shares of NYSE KO traded up $0.12 during mid-day trading on Thursday, reaching $56.82. 10,233,859 shares of the company’s stock were exchanged, compared to its average volume of 13,193,591. The firm has a market capitalization of $239.93 billion, a price-to-earnings ratio of 27.32, a PEG ratio of 3.81 and a beta of 0.42. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.79 and a current ratio of 0.92. The Coca-Cola has a 52-week low of $44.42 and a 52-week high of $56.98. The company’s 50-day moving average is $54.71 and its 200-day moving average is $53.78.
In related news, SVP Nancy Quan sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $46.00, for a total transaction of $460,000.00. Following the completion of the transaction, the senior vice president now directly owns 175,049 shares in the company, valued at approximately $8,052,254. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Brian John Smith sold 25,000 shares of the firm’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $56.00, for a total value of $1,400,000.00. Following the transaction, the chief operating officer now owns 139,302 shares of the company’s stock, valued at $7,800,912. The disclosure for this sale can be found here. Insiders have sold a total of 167,678 shares of company stock valued at $9,124,570 over the last 90 days. 1.33% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the stock. Price Wealth LLC acquired a new stake in The Coca-Cola in the 4th quarter valued at about $28,000. LFA Lugano Financial Advisors SA acquired a new stake in The Coca-Cola in the 4th quarter valued at about $31,000. Quantum Capital Management acquired a new stake in The Coca-Cola in the 3rd quarter valued at about $34,000. Candriam Luxembourg S.C.A. raised its position in The Coca-Cola by 1.0% in the 3rd quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock valued at $37,000 after purchasing an additional 6,373 shares in the last quarter. Finally, Simon Quick Advisors LLC raised its position in The Coca-Cola by 128.9% in the 4th quarter. Simon Quick Advisors LLC now owns 673 shares of the company’s stock valued at $37,000 after purchasing an additional 379 shares in the last quarter. Institutional investors own 67.54% of the company’s stock.
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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