Coca-Cola (KO) Set to Announce Earnings on Tuesday
Coca-Cola (NYSE:KO) is scheduled to announce its Q313 earnings results on Tuesday, October 15th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $12.07 billion for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Coca-Cola (NYSE:KO) last announced its earnings results on Tuesday, July 16th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $12.75 billion for the quarter, compared to the consensus estimate of $12.97 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company’s revenue for the quarter was down 2.6% on a year-over-year basis. On average, analysts expect Coca-Cola to post $2.10 EPS for the current fiscal year and $2.25 EPS for the next fiscal year.
Shares of Coca-Cola (NYSE:KO) opened at 37.77 on Monday. Coca-Cola has a 1-year low of $35.58 and a 1-year high of $43.43. The stock’s 50-day moving average is $38.24 and its 200-day moving average is $40.26. The company has a market cap of $167.4 billion and a price-to-earnings ratio of 19.89.
A number of analysts have recently weighed in on KO shares. Analysts at TheStreet reiterated a “buy” rating on shares of Coca-Cola in a research note to investors on Tuesday, October 8th. On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Coca-Cola in a research note to investors on Wednesday, October 2nd. They now have a $43.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and nine have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $45.25.
The Coca-Cola Company, incorporated on September 5, 1919, is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks.
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