Dr Pepper Snapple Group, Inc (DPS) Updates FY17 Earnings Guidance
Dr Pepper Snapple Group, Inc (NYSE:DPS) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $4.53-4.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.63.
Dr Pepper Snapple Group, Inc (NYSE:DPS) traded down 0.13% on Wednesday, reaching $91.68. The company’s stock had a trading volume of 1,055,922 shares. The firm’s 50 day moving average price is $91.26 and its 200-day moving average price is $92.90. The company has a market capitalization of $16.66 billion, a price-to-earnings ratio of 21.99 and a beta of 0.61. Dr Pepper Snapple Group, Inc has a 52 week low of $81.05 and a 52 week high of $99.47.
Dr Pepper Snapple Group (NYSE:DPS) last issued its earnings results on Thursday, July 27th. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.03). Dr Pepper Snapple Group had a net margin of 11.73% and a return on equity of 38.28%. The company had revenue of $1.80 billion during the quarter, compared to analyst estimates of $1.77 billion. During the same quarter in the prior year, the business earned $1.25 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. On average, equities analysts predict that Dr Pepper Snapple Group, Inc will post $4.63 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 5th. Stockholders of record on Thursday, September 14th will be paid a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.53%. The ex-dividend date is Wednesday, September 13th. Dr Pepper Snapple Group’s payout ratio is currently 55.64%.
A number of equities analysts recently weighed in on DPS shares. Jefferies Group LLC reissued a buy rating and set a $112.00 target price on shares of Dr Pepper Snapple Group in a research note on Tuesday, August 1st. Credit Suisse Group set a $107.00 price objective on shares of Dr Pepper Snapple Group and gave the company a buy rating in a report on Thursday, July 27th. BMO Capital Markets reiterated a buy rating and set a $105.00 price objective on shares of Dr Pepper Snapple Group in a report on Wednesday, July 12th. Zacks Investment Research upgraded shares of Dr Pepper Snapple Group from a hold rating to a buy rating and set a $104.00 price objective for the company in a report on Tuesday, June 27th. Finally, Susquehanna Bancshares Inc set a $92.00 price objective on shares of Dr Pepper Snapple Group and gave the company a hold rating in a report on Saturday, May 27th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. Dr Pepper Snapple Group currently has an average rating of Hold and an average price target of $99.25.
In other Dr Pepper Snapple Group news, insider Angela A. Stephens sold 3,160 shares of the firm’s stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $92.51, for a total transaction of $292,331.60. Following the completion of the sale, the insider now directly owns 16,913 shares in the company, valued at approximately $1,564,621.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Angela A. Stephens sold 7,700 shares of the firm’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $91.12, for a total transaction of $701,624.00. Following the sale, the insider now owns 6,053 shares of the company’s stock, valued at $551,549.36. The disclosure for this sale can be found here. 0.58% of the stock is owned by company insiders.
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About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
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