$8.86 Billion in Sales Expected for The Coca-Cola Co (NYSE:KO) This Quarter
Wall Street brokerages expect The Coca-Cola Co (NYSE:KO) to report $8.86 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for The Coca-Cola’s earnings. The lowest sales estimate is $8.68 billion and the highest is $8.92 billion. The Coca-Cola posted sales of $7.06 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 25.5%. The business is expected to report its next earnings results on Thursday, February 13th.
On average, analysts expect that The Coca-Cola will report full year sales of $36.78 billion for the current fiscal year, with estimates ranging from $35.15 billion to $37.18 billion. For the next year, analysts anticipate that the firm will post sales of $38.35 billion, with estimates ranging from $36.23 billion to $39.59 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow The Coca-Cola.
The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Friday, October 18th. The company reported $0.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.56. The Coca-Cola had a net margin of 22.41% and a return on equity of 45.21%. The company had revenue of $9.51 billion for the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter last year, the company earned $0.57 earnings per share. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis.
Shares of KO traded down $0.08 during mid-day trading on Monday, reaching $52.21. 6,997,608 shares of the company’s stock were exchanged, compared to its average volume of 13,198,850. The company has a debt-to-equity ratio of 1.50, a current ratio of 0.92 and a quick ratio of 0.79. The stock has a market capitalization of $224.59 billion, a PE ratio of 25.10, a price-to-earnings-growth ratio of 3.65 and a beta of 0.46. The business’s fifty day simple moving average is $53.85 and its 200-day simple moving average is $52.23. The Coca-Cola has a 52-week low of $44.42 and a 52-week high of $55.92.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.60 annualized dividend and a dividend yield of 3.06%. The Coca-Cola’s payout ratio is currently 76.92%.
In related news, SVP Lisa Chang bought 500 shares of the firm’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average cost of $53.24 per share, for a total transaction of $26,620.00. Following the transaction, the senior vice president now owns 5,448 shares of the company’s stock, valued at $290,051.52. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Nancy Quan sold 24,000 shares of The Coca-Cola stock in a transaction on Friday, August 16th. The stock was sold at an average price of $54.43, for a total value of $1,306,320.00. Following the transaction, the senior vice president now directly owns 189,049 shares of the company’s stock, valued at approximately $10,289,937.07. The disclosure for this sale can be found here. Insiders have sold a total of 403,026 shares of company stock worth $22,037,406 over the last 90 days. Insiders own 1.33% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Krane Funds Advisors LLC acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA raised its position in shares of The Coca-Cola by 348.8% during the 2nd quarter. LFA Lugano Financial Advisors SA now owns 552 shares of the company’s stock valued at $28,000 after acquiring an additional 429 shares in the last quarter. Redhawk Wealth Advisors Inc. acquired a new stake in shares of The Coca-Cola during the 2nd quarter valued at approximately $36,000. Candriam Luxembourg S.C.A. raised its position in shares of The Coca-Cola by 1.0% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 647,744 shares of the company’s stock valued at $37,000 after acquiring an additional 6,373 shares in the last quarter. Finally, KCS Wealth Advisory acquired a new stake in shares of The Coca-Cola during the 3rd quarter valued at approximately $41,000. 67.32% of the stock is owned by institutional investors.
The Coca-Cola Company Profile
The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides sparkling soft drinks; water, enhanced water, and sports drinks; 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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