Wall Street analysts expect Keurig Dr Pepper Inc (NYSE:KDP) to report sales of $2.84 billion for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Keurig Dr Pepper’s earnings, with estimates ranging from $2.80 billion to $2.91 billion. Keurig Dr Pepper posted sales of $1.64 billion during the same quarter last year, which would indicate a positive year over year growth rate of 73.2%. The company is scheduled to announce its next quarterly earnings report on Wednesday, February 13th.
According to Zacks, analysts expect that Keurig Dr Pepper will report full-year sales of $11.06 billion for the current year, with estimates ranging from $11.01 billion to $11.12 billion. For the next year, analysts forecast that the firm will report sales of $11.35 billion, with estimates ranging from $11.19 billion to $11.47 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.30 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.28 by $0.02. The firm had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.87 billion. Keurig Dr Pepper had a return on equity of 15.76% and a net margin of 13.55%. The business’s revenue for the quarter was up 139.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.21 EPS.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating in a research report on Friday, November 16th. ValuEngine lowered Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Citigroup boosted their price target on Keurig Dr Pepper from $26.00 to $30.00 and gave the stock a “hold” rating in a research report on Tuesday, November 13th. Gabelli lowered Keurig Dr Pepper from a “buy” rating to a “hold” rating and set a $28.48 price target for the company. in a research report on Thursday, November 8th. Finally, JPMorgan Chase & Co. assumed coverage on Keurig Dr Pepper in a research report on Friday, November 16th. They issued a “neutral” rating and a $30.00 price target for the company. Ten research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $26.55.
In other Keurig Dr Pepper news, insider James R. Trebilcock bought 29,734 shares of Keurig Dr Pepper stock in a transaction that occurred on Tuesday, September 4th. The shares were bought at an average cost of $22.76 per share, with a total value of $676,745.84. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Robert S. Singer bought 5,000 shares of Keurig Dr Pepper stock in a transaction that occurred on Wednesday, November 28th. The shares were acquired at an average cost of $26.58 per share, for a total transaction of $132,900.00. The disclosure for this purchase can be found here. Over the last three months, insiders bought 120,752 shares of company stock valued at $2,945,703. Corporate insiders own 0.58% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Oakbrook Investments LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $262,000. WBI Investments Inc. acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $5,763,000. Cerebellum GP LLC acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $188,000. Public Employees Retirement System of Ohio acquired a new position in Keurig Dr Pepper during the 2nd quarter valued at about $8,695,000. Finally, Levin Capital Strategies L.P. acquired a new position in Keurig Dr Pepper during the 3rd quarter valued at about $29,398,000. 11.75% of the stock is currently owned by institutional investors.
KDP opened at $26.98 on Friday. The firm has a market capitalization of $36.26 billion, a PE ratio of 5.94, a P/E/G ratio of 1.50 and a beta of 0.47. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.40 and a quick ratio of 0.28. Keurig Dr Pepper has a 12 month low of $20.46 and a 12 month high of $126.65.
Keurig Dr Pepper Company Profile
Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.
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