Analysts Anticipate The Coca-Cola Co (KO) Will Announce Quarterly Sales of $8.66 Billion

Brokerages expect The Coca-Cola Co (NYSE:KO) to announce sales of $8.66 billion for the current fiscal quarter, according to Zacks. Six analysts have made estimates for The Coca-Cola’s earnings, with the lowest sales estimate coming in at $8.54 billion and the highest estimate coming in at $8.74 billion. The Coca-Cola posted sales of $9.70 billion in the same quarter last year, which would indicate a negative year over year growth rate of 10.7%. The company is scheduled to report its next quarterly earnings report on Wednesday, July 25th.

According to Zacks, analysts expect that The Coca-Cola will report full-year sales of $32.03 billion for the current financial year, with estimates ranging from $31.71 billion to $32.39 billion. For the next fiscal year, analysts expect that the business will report sales of $33.12 billion per share, with estimates ranging from $32.34 billion to $33.64 billion. Zacks’ sales averages are an average based on a survey of research firms that cover The Coca-Cola.

The Coca-Cola (NYSE:KO) last issued its earnings results on Tuesday, April 24th. The company reported $0.47 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.01. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.32 billion. The Coca-Cola had a net margin of 4.23% and a return on equity of 39.54%. The Coca-Cola’s quarterly revenue was down 16.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.43 EPS.

KO has been the topic of several research analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and issued a price target (up from ) on shares of The Coca-Cola in a report on Friday, February 16th. Goldman Sachs Group set a $49.00 price target on shares of The Coca-Cola and gave the company a “sell” rating in a report on Friday, February 16th. Royal Bank of Canada set a $56.00 price target on shares of The Coca-Cola and gave the company a “buy” rating in a report on Friday, February 16th. BMO Capital Markets reissued a “market perform” rating and issued a $48.00 price target (up from $47.00) on shares of The Coca-Cola in a report on Friday, February 16th. Finally, Societe Generale reissued a “neutral” rating and issued a $48.80 price target on shares of The Coca-Cola in a report on Monday, February 19th. Thirteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $49.42.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cambridge Advisors Inc. boosted its position in shares of The Coca-Cola by 12.7% during the 4th quarter. Cambridge Advisors Inc. now owns 9,201 shares of the company’s stock worth $422,000 after acquiring an additional 1,039 shares in the last quarter. Augustine Asset Management Inc. boosted its position in The Coca-Cola by 3.2% in the fourth quarter. Augustine Asset Management Inc. now owns 34,805 shares of the company’s stock valued at $1,596,000 after buying an additional 1,067 shares in the last quarter. Bank of Stockton boosted its position in The Coca-Cola by 11.2% in the fourth quarter. Bank of Stockton now owns 10,620 shares of the company’s stock valued at $486,000 after buying an additional 1,068 shares in the last quarter. LGT Capital Partners LTD. boosted its position in The Coca-Cola by 0.5% in the fourth quarter. LGT Capital Partners LTD. now owns 219,950 shares of the company’s stock valued at $10,091,000 after buying an additional 1,100 shares in the last quarter. Finally, Kanawha Capital Management LLC boosted its position in The Coca-Cola by 0.7% in the fourth quarter. Kanawha Capital Management LLC now owns 169,398 shares of the company’s stock valued at $7,772,000 after buying an additional 1,123 shares in the last quarter. 65.68% of the stock is currently owned by institutional investors.

The Coca-Cola stock traded down $0.60 during trading hours on Monday, hitting $43.58. The company had a trading volume of 12,695,200 shares, compared to its average volume of 12,709,714. The stock has a market cap of $188.25 billion, a P/E ratio of 22.82, a P/E/G ratio of 2.58 and a beta of 0.73. The company has a quick ratio of 1.12, a current ratio of 1.21 and a debt-to-equity ratio of 1.38. The Coca-Cola has a one year low of $41.45 and a one year high of $48.62.

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 2nd. Stockholders of record on Friday, June 15th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.56 annualized dividend and a dividend yield of 3.58%. The Coca-Cola’s dividend payout ratio is presently 81.68%.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; juice, dairy, and plant?based beverages; teas and coffees; and energy drinks. It also offers concentrates, syrups, beverage bases, source waters, and powders/minerals, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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

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