Wall Street brokerages expect that The Coca-Cola Co (NYSE:KO) will announce $7.42 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for The Coca-Cola’s earnings, with the highest sales estimate coming in at $7.76 billion and the lowest estimate coming in at $7.04 billion. The Coca-Cola posted sales of $9.12 billion in the same quarter last year, which suggests a negative year over year growth rate of 18.6%. The firm is scheduled to announce its next earnings report on Friday, February 16th.
On average, analysts expect that The Coca-Cola will report full year sales of $7.42 billion for the current financial year, with estimates ranging from $29.93 billion to $31.83 billion. For the next fiscal year, analysts expect that the firm will report sales of $32.01 billion per share, with estimates ranging from $30.97 billion to $32.75 billion. Zacks’ sales averages are an average based on a survey of analysts that that provide coverage for The Coca-Cola.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, February 16th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $7.51 billion during the quarter, compared to the consensus estimate of $7.36 billion. The Coca-Cola had a return on equity of 36.21% and a net margin of 12.20%. The firm’s revenue for the quarter was down 20.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.37 EPS.
In related news, CFO Kathy N. Waller sold 23,240 shares of the firm’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $46.15, for a total value of $1,072,526.00. Following the transaction, the chief financial officer now owns 123,796 shares in the company, valued at $5,713,185.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ed Hays sold 84,400 shares of the firm’s stock in a transaction on Tuesday, January 23rd. The stock was sold at an average price of $47.50, for a total value of $4,009,000.00. The disclosure for this sale can be found here. Insiders sold 122,640 shares of company stock worth $5,800,776 in the last 90 days. 1.51% of the stock is owned by company insiders.
Several hedge funds and other institutional investors have recently modified their holdings of KO. Nicolet Bankshares Inc. boosted its stake in The Coca-Cola by 2.8% in the second quarter. Nicolet Bankshares Inc. now owns 30,182 shares of the company’s stock valued at $1,354,000 after buying an additional 836 shares in the last quarter. Rothschild Asset Management Inc. boosted its stake in shares of The Coca-Cola by 7.8% during the second quarter. Rothschild Asset Management Inc. now owns 14,218 shares of the company’s stock valued at $638,000 after purchasing an additional 1,026 shares in the last quarter. CIBC Asset Management Inc boosted its stake in shares of The Coca-Cola by 3.4% during the second quarter. CIBC Asset Management Inc now owns 524,732 shares of the company’s stock valued at $23,509,000 after purchasing an additional 17,312 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its stake in shares of The Coca-Cola by 23.1% during the second quarter. Tokio Marine Asset Management Co. Ltd. now owns 73,328 shares of the company’s stock valued at $3,289,000 after purchasing an additional 13,783 shares in the last quarter. Finally, Lourd Capital LLC boosted its stake in shares of The Coca-Cola by 0.8% during the second quarter. Lourd Capital LLC now owns 32,387 shares of the company’s stock valued at $1,453,000 after purchasing an additional 242 shares in the last quarter. Institutional investors own 65.34% of the company’s stock.
The Coca-Cola (KO) traded up $0.20 on Friday, reaching $44.98. The company had a trading volume of 17,171,198 shares, compared to its average volume of 14,270,000. The Coca-Cola has a twelve month low of $41.05 and a twelve month high of $48.62. The company has a current ratio of 1.39, a quick ratio of 1.30 and a debt-to-equity ratio of 1.47. The company has a market cap of $191,640.00, a PE ratio of 40.89, a PEG ratio of 3.63 and a beta of 0.70.
The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Investors of record on Thursday, March 15th will be given a $0.39 dividend. The ex-dividend date is Wednesday, March 14th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.47%. This is a boost from The Coca-Cola’s previous quarterly dividend of $0.37. The Coca-Cola’s dividend payout ratio (DPR) is presently 134.55%.
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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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