Dr Pepper Snapple Group Earnings Estimates Boosted at Credit Suisse (DPS)
Equities researchers at Credit Suisse boosted their EPS estimates on shares of Dr Pepper Snapple Group (NYSE:DPS) in a research report issued on Thursday, Stock Ratings News reports. The firm currently has a “neutral” rating and a $54.00 price target on the company’s shares. Credit Suisse’s price target suggests a potential upside of 7.06% from the stock’s previous close.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up 0.42% during mid-day trading on Thursday, hitting $50.20. The stock had a trading volume of 1,481,063 shares. Dr Pepper Snapple Group has a 52 week low of $42.27 and a 52 week high of $51.03. The stock’s 50-day moving average is $48.35 and its 200-day moving average is $46.8. The company has a market cap of $10.072 billion and a P/E ratio of 16.17.
Dr Pepper Snapple Group (NYSE:DPS) last announced its earnings results on Tuesday, February 11th. The company reported $0.97 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.12. The company had revenue of $1.46 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter last year, the company posted $0.82 earnings per share. Dr Pepper Snapple Group’s revenue was down 1.4% compared to the same quarter last year. On average, analysts predict that Dr Pepper Snapple Group will post $3.33 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, April 4th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Thursday, March 13th. This is a boost from Dr Pepper Snapple Group’s previous quarterly dividend of $0.38.
A number of other analysts have also recently weighed in on DPS. Analysts at Janney Montgomery Scott initiated coverage on shares of Dr Pepper Snapple Group in a research note on Thursday, December 12th. They set a “buy” rating and a $55.00 price target on the stock. Separately, analysts at RBC Capital initiated coverage on shares of Dr Pepper Snapple Group in a research note on Monday, November 25th. They set a “sector perform” rating and a $48.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Dr Pepper Snapple Group in a research note on Monday, November 25th. They now have a $51.00 price target on the stock. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and one has assigned a buy rating to the company. Dr Pepper Snapple Group presently has a consensus rating of “Hold” and a consensus price target of $49.25.
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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