Coca-Cola Bottling Co. Consolidated (COKE) Releases Earnings Results, Misses Expectations By $1.74 EPS
Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) announced its quarterly earnings data on Tuesday. The company reported $2.36 EPS for the quarter, missing analysts’ consensus estimates of $4.10 by $1.74, Bloomberg Earnings reports. Coca-Cola Bottling Co. Consolidated had a net margin of 1.62% and a return on equity of 14.95%.
Shares of Coca-Cola Bottling Co. Consolidated (NASDAQ:COKE) traded down 0.03% during midday trading on Tuesday, hitting $242.45. The stock had a trading volume of 28,869 shares. The stock has a 50-day moving average of $234.40 and a 200 day moving average of $205.23. Coca-Cola Bottling Co. Consolidated has a 52 week low of $125.00 and a 52 week high of $249.54. The stock has a market cap of $2.26 billion, a PE ratio of 41.14 and a beta of 0.03.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 11th. Stockholders of record on Friday, July 28th will be given a dividend of $0.25 per share. The ex-dividend date is Wednesday, July 26th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.41%. Coca-Cola Bottling Co. Consolidated’s dividend payout ratio (DPR) is presently 16.95%.
Separately, BidaskClub downgraded Coca-Cola Bottling Co. Consolidated from a “buy” rating to a “hold” rating in a research report on Wednesday, July 5th.
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About Coca-Cola Bottling Co. Consolidated
Coca-Cola Bottling Co Consolidated produces, markets and distributes nonalcoholic beverages. The Company is an independent Coca-Cola bottler in the United States. The Company’s segments include Nonalcoholic Beverages and All Other. Majority of its total bottle/can volume to retail customers consist of products of The Coca-Cola Company.
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