Dr Pepper Snapple Group Inc. (DPS) Issues FY13 Earnings Guidance
Dr Pepper Snapple Group Inc. (NYSE:DPS) updated its FY13 earnings guidance on Wednesday. The company provided earnings per share guidance of $3.04-3.12 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.07, Analyst Ratings Net reports. The company issued revenue guidance of flat YoY or ~$6.0 billion, compared to the consensus revenue estimate of $6.07 billion.
Several analysts have recently commented on the stock. Analysts at Wells Fargo & Co. downgraded shares of Dr Pepper Snapple Group from an outperform rating to a market perform rating in a research note to investors on Friday, October 11th. On a related note, analysts at Goldman Sachs Group Inc. downgraded shares of Dr Pepper Snapple Group from a neutral rating to a sell rating in a research note to investors on Thursday, September 19th. They now have a $45.00 price target on the stock, down previously from $48.00. Finally, analysts at Zacks reiterated a neutral rating on shares of Dr Pepper Snapple Group in a research note to investors on Wednesday, September 4th. They now have a $47.00 price target on the stock. One investment analyst has rated the stock with a sell rating and ten have assigned a hold rating to the company. The company currently has an average rating of Hold and a consensus price target of $48.00.
Shares of Dr Pepper Snapple Group Inc. (NYSE:DPS) opened at 45.37 on Wednesday. Dr Pepper Snapple Group Inc. has a 1-year low of $42.10 and a 1-year high of $50.37. The stock has a 50-day moving average of $45.7 and a 200-day moving average of $46.51. The company has a market cap of $9.236 billion and a P/E ratio of 15.50.
Dr Pepper Snapple Group (NYSE:DPS) last released its earnings data on Wednesday, October 23rd. The company reported $0.88 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.84 by $0.04. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.57 billion. During the same quarter in the prior year, the company posted $0.84 earnings per share. The company’s quarterly revenue was up 1.0% on a year-over-year basis. On average, analysts predict that Dr Pepper Snapple Group Inc. will post $3.07 earnings per share for the current fiscal year.
Dr Pepper Snapple Group, Inc (NYSE:DPS) is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Canada and Mexico with a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks and mixers.
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