Zacks: Analysts Expect Keurig Dr Pepper Inc (KDP) to Post $0.27 Earnings Per Share

Wall Street brokerages expect that Keurig Dr Pepper Inc (NYSE:KDP) will post earnings per share (EPS) of $0.27 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Keurig Dr Pepper’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.28. Keurig Dr Pepper reported earnings per share of $1.10 during the same quarter last year, which would suggest a negative year-over-year growth rate of 75.5%. The company is expected to report its next quarterly earnings report on Wednesday, October 24th.

On average, analysts expect that Keurig Dr Pepper will report full-year earnings of $1.05 per share for the current financial year, with EPS estimates ranging from $1.04 to $1.05. For the next year, analysts expect that the firm will post earnings of $1.21 per share, with EPS estimates ranging from $1.19 to $1.24. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Keurig Dr Pepper.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Wednesday, August 8th. The company reported $1.30 EPS for the quarter, topping the Zacks’ consensus estimate of $0.29 by $1.01. The company had revenue of $1.89 billion for the quarter, compared to analyst estimates of $2.85 billion. Keurig Dr Pepper had a return on equity of 39.52% and a net margin of 15.98%. The business’s quarterly revenue was up 5.0% on a year-over-year basis.

KDP has been the subject of a number of research reports. Jefferies Financial Group decreased their price objective on Keurig Dr Pepper from $25.00 to $22.00 and set a “hold” rating for the company in a report on Monday, August 20th. ValuEngine downgraded Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Zacks Investment Research upgraded Keurig Dr Pepper from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 18th. Citigroup increased their price objective on Keurig Dr Pepper from $15.46 to $26.00 and gave the stock a “neutral” rating in a report on Friday, August 10th. Finally, Susquehanna Bancshares initiated coverage on Keurig Dr Pepper in a report on Wednesday, July 25th. They set a “positive” rating and a $33.00 price objective for the company. One research analyst has rated the stock with a sell rating, six have given 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 a consensus target price of $25.57.

Shares of NYSE:KDP traded down $0.26 during mid-day trading on Monday, reaching $23.54. 1,799,600 shares of the stock were exchanged, compared to its average volume of 2,942,341. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.75 and a current ratio of 0.93. The company has a market cap of $33.05 billion, a PE ratio of 5.19, a PEG ratio of 1.36 and a beta of 0.73. Keurig Dr Pepper has a one year low of $20.46 and a one year high of $126.65.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, October 5th will be issued a dividend of $0.15 per share. The ex-dividend date is Thursday, October 4th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.55%. Keurig Dr Pepper’s payout ratio is presently 25.55%.

In related news, insider Maria A. Sceppaguercio-Gever purchased 42,498 shares of the firm’s stock in a transaction on Wednesday, August 15th. The stock was purchased at an average cost of $23.53 per share, for a total transaction of $999,977.94. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert S. Singer purchased 10,000 shares of the firm’s stock in a transaction on Friday, August 10th. The stock was bought at an average price of $23.75 per share, with a total value of $237,500.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 185,270 shares of company stock valued at $4,338,850. 0.58% of the stock is owned by corporate insiders.

Hedge funds have recently bought and sold shares of the business. KCM Investment Advisors LLC bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $677,000. Twin Tree Management LP bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $2,442,000. TradeLink Capital LLC bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $2,806,000. Marshall Wace LLP bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $3,746,000. Finally, Public Employees Retirement System of Ohio bought a new position in Keurig Dr Pepper in the second quarter valued at approximately $8,695,000. Hedge funds and other institutional investors own 11.55% of the company’s stock.

About Keurig Dr Pepper

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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