Analysts Expect The Coca-Cola Co (KO) Will Post Earnings of $0.38 Per Share

Brokerages expect The Coca-Cola Co (NYSE:KO) to announce earnings per share of $0.38 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for The Coca-Cola’s earnings. The highest EPS estimate is $0.40 and the lowest is $0.37. The Coca-Cola reported earnings of $0.37 per share in the same quarter last year, which would suggest a positive year over year growth rate of 2.7%. The firm is scheduled to report its next quarterly earnings results before the market opens on Friday, February 16th.

On average, analysts expect that The Coca-Cola will report full year earnings of $1.91 per share for the current year, with EPS estimates ranging from $1.89 to $1.92. For the next financial year, analysts anticipate that the business will post earnings of $2.03 per share, with EPS estimates ranging from $1.92 to $2.14. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover The Coca-Cola.

The Coca-Cola (NYSE:KO) last announced its earnings results on Wednesday, October 25th. The company reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm had revenue of $9.08 billion for the quarter, compared to analysts’ expectations of $8.73 billion. During the same quarter in the previous year, the company earned $0.49 earnings per share. The firm’s quarterly revenue was down 14.6% compared to the same quarter last year.

Several research firms have issued reports on KO. Wells Fargo & Co raised The Coca-Cola from a “market perform” rating to an “outperform” rating and upped their price target for the company from $46.72 to $51.00 in a report on Tuesday, November 14th. Deutsche Bank began coverage on The Coca-Cola in a report on Wednesday, December 13th. They issued a “buy” rating and a $52.00 price target on the stock. Vetr raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $47.68 price target on the stock in a report on Monday, December 11th. Zacks Investment Research raised The Coca-Cola from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a report on Friday, October 27th. Finally, Evercore ISI raised The Coca-Cola from an “in-line” rating to an “outperform” rating and upped their price target for the company from $46.04 to $55.00 in a report on Friday, January 12th. Two research analysts have rated the stock with a sell rating, fifteen have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $49.01.

Shares of The Coca-Cola (KO) traded up $0.07 during trading hours on Tuesday, reaching $47.45. The company had a trading volume of 10,612,150 shares, compared to its average volume of 11,743,113. The Coca-Cola has a 1 year low of $40.22 and a 1 year high of $47.70. The company has a market capitalization of $202,170.00, a PE ratio of 45.19, a price-to-earnings-growth ratio of 3.78 and a beta of 0.70. The company has a debt-to-equity ratio of 1.47, a quick ratio of 1.30 and a current ratio of 1.39.

In other news, CFO Kathy N. Waller sold 23,240 shares of the business’s stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Following the transaction, the chief financial officer now directly owns 123,796 shares in the company, valued at approximately $5,713,185.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider J Alexander Douglas, Jr. sold 338,009 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $46.09, for a total transaction of $15,578,834.81. Following the transaction, the insider now owns 320,013 shares in the company, valued at $14,749,399.17. The disclosure for this sale can be found here. 1.51% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in The Coca-Cola by 1.8% in the second quarter. Vanguard Group Inc. now owns 275,221,018 shares of the company’s stock worth $12,343,662,000 after purchasing an additional 4,818,963 shares in the last quarter. BlackRock Inc. boosted its holdings in The Coca-Cola by 0.3% in the second quarter. BlackRock Inc. now owns 241,677,773 shares of the company’s stock worth $10,839,247,000 after purchasing an additional 750,257 shares in the last quarter. Capital World Investors boosted its holdings in The Coca-Cola by 8.9% in the second quarter. Capital World Investors now owns 142,047,166 shares of the company’s stock worth $6,370,815,000 after purchasing an additional 11,593,679 shares in the last quarter. Northern Trust Corp boosted its holdings in The Coca-Cola by 4.5% in the second quarter. Northern Trust Corp now owns 50,761,341 shares of the company’s stock worth $2,276,647,000 after purchasing an additional 2,167,225 shares in the last quarter. Finally, Capital International Investors boosted its holdings in The Coca-Cola by 1.0% in the second quarter. Capital International Investors now owns 37,897,916 shares of the company’s stock worth $1,699,722,000 after purchasing an additional 383,733 shares in the last quarter. Institutional investors and hedge funds own 65.30% of the company’s stock.

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The Coca-Cola Company Profile

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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Earnings History and Estimates for The Coca-Cola (NYSE:KO)

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