Coca-Cola (KO) Posts Quarterly Earnings, Misses Estimates By $0.01 EPS
Coca-Cola (NYSE:KO) released its earnings data on Tuesday. The company reported $0.53 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.54 by $0.01, Analyst Ratings.Net reports. The company had revenue of $12.03 billion for the quarter, compared to the consensus estimate of $12.07 billion.
Shares of Coca-Cola (NYSE:KO) opened at 37.91 on Tuesday. Coca-Cola has a 52-week low of $35.58 and a 52-week high of $43.43. The stock has a 50-day moving average of $38.23 and a 200-day moving average of $40.24. The company has a market cap of $168.1 billion and a price-to-earnings ratio of 19.96. Coca-Cola also saw some unusual options trading on Monday. Stock investors acquired 32,587 call options on the company. This represents an increase of approximately 101% compared to the typical daily volume of 16,190 call options.
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 equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the stock. The company currently has a consensus 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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