$8.94 Billion in Sales Expected for The Coca-Cola Company (NYSE:KO) This Quarter

Equities analysts expect that The Coca-Cola Company (NYSE:KO) will announce $8.94 billion in sales for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Coca-Cola’s earnings, with the highest sales estimate coming in at $9.10 billion and the lowest estimate coming in at $8.69 billion. Coca-Cola posted sales of $8.61 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The firm is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 10th.

According to Zacks, analysts expect that Coca-Cola will report full-year sales of $38.10 billion for the current fiscal year, with estimates ranging from $37.88 billion to $38.29 billion. For the next fiscal year, analysts anticipate that the business will report sales of $40.69 billion, with estimates ranging from $39.24 billion to $42.69 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Coca-Cola.

Coca-Cola (NYSE:KO) last announced its quarterly earnings results on Tuesday, October 26th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.07. The business had revenue of $10.04 billion for the quarter, compared to analyst estimates of $9.72 billion. Coca-Cola had a return on equity of 44.22% and a net margin of 23.31%. The company’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.55 EPS.

A number of equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reduced their target price on Coca-Cola from $60.00 to $59.00 and set a “hold” rating on the stock in a research note on Friday, October 15th. Royal Bank of Canada increased their price target on Coca-Cola from $62.00 to $64.00 and gave the stock an “outperform” rating in a research note on Thursday, October 28th. Credit Suisse Group set a $63.00 price target on Coca-Cola in a research note on Thursday, December 9th. UBS Group lowered Coca-Cola from a “buy” rating to a “sell” rating in a research note on Tuesday, January 4th. Finally, The Goldman Sachs Group set a $55.00 price target on Coca-Cola in a research note on Thursday, December 9th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $61.76.

In other news, SVP Nancy Quan sold 18,206 shares of the stock in a transaction dated Friday, November 5th. The shares were sold at an average price of $56.82, for a total transaction of $1,034,464.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Alfredo Rivera sold 7,964 shares of the stock in a transaction dated Tuesday, November 16th. The stock was sold at an average price of $56.36, for a total transaction of $448,851.04. The disclosure for this sale can be found here. Over the last quarter, insiders sold 284,246 shares of company stock valued at $16,757,518. 1.01% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. OLD Mission Capital LLC bought a new position in Coca-Cola in the third quarter worth about $244,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Coca-Cola by 13.0% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 757,491 shares of the company’s stock valued at $40,988,000 after purchasing an additional 87,334 shares during the period. Atria Investments LLC increased its stake in shares of Coca-Cola by 17.5% in the second quarter. Atria Investments LLC now owns 172,237 shares of the company’s stock valued at $9,320,000 after purchasing an additional 25,694 shares during the period. Intersect Capital LLC increased its stake in shares of Coca-Cola by 5.1% in the second quarter. Intersect Capital LLC now owns 15,678 shares of the company’s stock valued at $848,000 after purchasing an additional 764 shares during the period. Finally, Aigen Investment Management LP increased its stake in shares of Coca-Cola by 36.3% in the second quarter. Aigen Investment Management LP now owns 37,565 shares of the company’s stock valued at $2,033,000 after purchasing an additional 9,995 shares during the period. 67.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE:KO traded up $0.04 during trading on Tuesday, hitting $60.94. 468,062 shares of the stock were exchanged, compared to its average volume of 16,925,314. The company has a fifty day moving average price of $57.10 and a two-hundred day moving average price of $55.98. The company has a market cap of $263.23 billion, a PE ratio of 29.85, a P/E/G ratio of 3.13 and a beta of 0.70. The company has a current ratio of 1.52, a quick ratio of 1.32 and a debt-to-equity ratio of 1.63. Coca-Cola has a 12-month low of $48.11 and a 12-month high of $61.19.

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st were issued a $0.42 dividend. The ex-dividend date was Tuesday, November 30th. This represents a $1.68 annualized dividend and a yield of 2.76%. Coca-Cola’s dividend payout ratio is currently 82.35%.

Coca-Cola Company Profile

The Coca-Cola Co is the nonalcoholic beverage company, which engages in the manufacture, market, and sale of non-alcoholic beverages which include sparkling soft drinks, water, enhanced water and sports drinks, juice, dairy and plant-based beverages, tea and coffee and energy drinks. Its brands include Coca-Cola, Diet Coke, Coca-Cola Zero, Fanta, Sprite, Minute Maid, Georgia, Powerade, Del Valle, Schweppes, Aquarius, Minute Maid Pulpy, Dasani, Simply, Glaceau Vitaminwater, Bonaqua, Gold Peak, Fuze Tea, Glaceau Smartwater, and Ice Dew.

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

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