Coca-Cola (KO) Announces Quarterly Earnings Results, Meets Expectations
Coca-Cola (NYSE:KO) issued its quarterly earnings data on Tuesday. The company reported $0.46 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.46, StockRatingsNetwork reports. The company had revenue of $11.04 billion for the quarter, compared to the consensus estimate of $11.31 billion.
Several analysts have recently commented on the stock. Analysts at TheStreet reiterated a “buy” rating on shares of Coca-Cola in a research note on Thursday, February 13th. On a related note, analysts at Societe Generale initiated coverage on shares of Coca-Cola in a research note on Thursday, January 30th. They set a “buy” rating on the stock. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.08.
Shares of Coca-Cola (NYSE:KO) opened at 38.93 on Tuesday. Coca-Cola has a 52-week low of $36.83 and a 52-week high of $43.43. The stock’s 50-day moving average is $39.22 and its 200-day moving average is $39.21. The company has a market cap of $171.9 billion and a price-to-earnings ratio of 20.04.
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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