Analysts Set Expectations for The Coca-Cola Co’s Q1 2017 Earnings (KO)
The Coca-Cola Co (NYSE:KO) – Jefferies Group boosted their Q1 2017 EPS estimates for shares of The Coca-Cola in a research report issued to clients and investors on Tuesday. Jefferies Group analyst K. Grundy now anticipates that the company will post earnings per share of $0.44 for the quarter, up from their previous estimate of $0.43. Jefferies Group currently has a “Neutral” rating and a $45.00 target price on the stock. Jefferies Group also issued estimates for The Coca-Cola’s Q2 2017 earnings at $0.57 EPS, Q3 2017 earnings at $0.49 EPS, Q4 2017 earnings at $0.40 EPS and FY2019 earnings at $2.09 EPS.
Other equities analysts have also recently issued reports about the company. Sanford C. Bernstein set a $47.00 target price on The Coca-Cola and gave the stock a “buy” rating in a report on Friday, February 10th. BMO Capital Markets restated a “buy” rating and issued a $45.00 target price on shares of The Coca-Cola in a report on Wednesday, March 22nd. Morgan Stanley decreased their target price on The Coca-Cola from $45.00 to $42.00 and set an “equal weight” rating on the stock in a report on Friday, February 10th. Barclays PLC started coverage on The Coca-Cola in a report on Monday, January 9th. They issued an “equal weight” rating and a $42.00 target price on the stock. Finally, Credit Suisse Group AG restated a “hold” rating and issued a $42.00 target price on shares of The Coca-Cola in a report on Friday, February 10th. Two research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The Coca-Cola currently has an average rating of “Hold” and an average target price of $43.68.
Shares of The Coca-Cola (NYSE:KO) opened at 43.23 on Thursday. The Coca-Cola has a 12-month low of $39.88 and a 12-month high of $46.01. The firm has a 50-day moving average price of $42.44 and a 200 day moving average price of $41.76. The firm has a market cap of $185.61 billion, a price-to-earnings ratio of 29.01 and a beta of 0.69. The Coca-Cola also was the target of unusually large options trading on Tuesday. Stock investors purchased 12,635 call options on the company. This represents an increase of 130% compared to the typical daily volume of 5,490 call options.
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The Coca-Cola (NYSE:KO) last announced its quarterly earnings data on Thursday, February 9th. The company reported $0.37 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.37. The Coca-Cola had a return on equity of 32.94% and a net margin of 15.59%. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $9.21 billion. During the same quarter in the prior year, the company posted $0.38 earnings per share. The Coca-Cola’s quarterly revenue was down 5.9% on a year-over-year basis.
The company also recently announced a quarterly dividend, which was paid on Monday, April 3rd. Shareholders of record on Wednesday, March 15th were paid a $0.37 dividend. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.42%. This is an increase from The Coca-Cola’s previous quarterly dividend of $0.35. The Coca-Cola’s payout ratio is 93.33%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Portfolio Solutions LLC purchased a new position in shares of The Coca-Cola during the first quarter worth approximately $108,000. Welch Investments LLC bought a new stake in shares of The Coca-Cola during the fourth quarter worth $115,000. Barnett & Company Inc. boosted its stake in shares of The Coca-Cola by 27.7% in the third quarter. Barnett & Company Inc. now owns 2,837 shares of the company’s stock worth $120,000 after buying an additional 616 shares in the last quarter. SRS Capital Advisors Inc. bought a new stake in shares of The Coca-Cola during the fourth quarter worth $127,000. Finally, Cascade Investment Advisors Inc. bought a new stake in shares of The Coca-Cola during the fourth quarter worth $128,000. Hedge funds and other institutional investors own 63.88% of the company’s stock.
About The Coca-Cola
The Coca-Cola Company is a beverage company. The Company owns or licenses and markets non-alcoholic beverage brands, primarily sparkling beverages and a range of still beverages, such as waters, flavored waters and enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, sports drinks, dairy and energy drinks.
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