Coca-Cola (KO) Set to Announce Earnings on Monday

Coca-Cola (NYSE:KOGet Rating) will be announcing its earnings results before the market opens on Monday, April 25th. Analysts expect the company to announce earnings of $0.57 per share for the quarter. Coca-Cola has set its FY 2022 guidance at $2.440-$2.460 EPS and its FY22 guidance at $2.44-2.46 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

Coca-Cola (NYSE:KOGet Rating) last released its quarterly earnings data on Thursday, February 10th. The company reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.05. The company had revenue of $9.50 billion for the quarter, compared to analysts’ expectations of $8.93 billion. Coca-Cola had a net margin of 25.28% and a return on equity of 42.21%. The business’s revenue was up 10.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, analysts expect Coca-Cola to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

KO stock opened at $65.25 on Friday. The stock has a market capitalization of $282.86 billion, a PE ratio of 28.87, a price-to-earnings-growth ratio of 3.16 and a beta of 0.65. The company’s 50-day moving average is $62.02 and its 200-day moving average is $59.04. The company has a debt-to-equity ratio of 1.53, a current ratio of 1.13 and a quick ratio of 0.96. Coca-Cola has a 1 year low of $52.28 and a 1 year high of $67.00.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 1st. Stockholders of record on Tuesday, March 15th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date was Monday, March 14th. This is a boost from Coca-Cola’s previous quarterly dividend of $0.42. Coca-Cola’s dividend payout ratio is 77.88%.

In other news, CFO John Murphy sold 154,080 shares of the firm’s stock in a transaction that occurred on Friday, March 4th. The shares were sold at an average price of $62.29, for a total transaction of $9,597,643.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Monica Howard Douglas sold 14,122 shares of the firm’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $58.85, for a total transaction of $831,079.70. The disclosure for this sale can be found here. In the last quarter, insiders sold 512,819 shares of company stock valued at $32,431,674. Company insiders own 0.98% of the company’s stock.

Several hedge funds have recently modified their holdings of KO. Ulland Investment Advisors LLC bought a new position in Coca-Cola in the 4th quarter worth approximately $43,000. Monolith Advisors bought a new position in Coca-Cola in the 4th quarter worth approximately $56,000. First Community Trust NA bought a new position in Coca-Cola in the 4th quarter worth approximately $157,000. OLD Mission Capital LLC bought a new position in Coca-Cola in the 3rd quarter worth approximately $244,000. Finally, Flow Traders U.S. LLC bought a new position in Coca-Cola in the 4th quarter valued at $632,000. Institutional investors own 67.82% of the company’s stock.

A number of equities analysts have recently issued reports on KO shares. Morgan Stanley increased their price objective on shares of Coca-Cola from $65.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 8th. StockNews.com started coverage on shares of Coca-Cola in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Evercore ISI upped their target price on shares of Coca-Cola from $63.00 to $70.00 and gave the stock a “buy” rating in a report on Tuesday, February 15th. Truist Financial upped their target price on shares of Coca-Cola from $65.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, February 11th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola from $61.00 to $62.00 and gave the stock a “hold” rating in a report on Friday, February 11th. Four analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $65.25.

About Coca-Cola (Get Rating)

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; flavored and enhanced water, and sports drinks; juice, dairy, and plantÂ-based beverages; tea and coffee; and energy drinks. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.

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Earnings History for Coca-Cola (NYSE:KO)

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