$0.35 Earnings Per Share Expected for Keurig Dr Pepper Inc (NYSE:KDP) This Quarter
Wall Street analysts expect Keurig Dr Pepper Inc (NYSE:KDP) to announce earnings per share (EPS) of $0.35 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Keurig Dr Pepper’s earnings, with the lowest EPS estimate coming in at $0.34 and the highest estimate coming in at $0.35. Keurig Dr Pepper posted earnings of $0.30 per share during the same quarter last year, which would suggest a positive year over year growth rate of 16.7%. The firm is expected to report its next earnings results on Thursday, February 27th.
According to Zacks, analysts expect that Keurig Dr Pepper will report full year earnings of $1.22 per share for the current fiscal year, with EPS estimates ranging from $1.21 to $1.25. For the next fiscal year, analysts expect that the business will report earnings of $1.40 per share, with EPS estimates ranging from $1.37 to $1.43. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Keurig Dr Pepper.
Keurig Dr Pepper (NYSE:KDP) last released its earnings results on Thursday, November 7th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $2.87 billion during the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.27% and a net margin of 10.13%. Keurig Dr Pepper’s revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business posted $0.30 earnings per share.
KDP stock traded up $0.13 during trading on Friday, hitting $30.13. 83,766 shares of the company’s stock were exchanged, compared to its average volume of 1,990,376. The business has a 50-day moving average price of $29.03 and a two-hundred day moving average price of $28.42. The stock has a market capitalization of $43.53 billion, a price-to-earnings ratio of 28.97, a PEG ratio of 1.66 and a beta of 0.46. Keurig Dr Pepper has a 52-week low of $24.52 and a 52-week high of $32.00. The company has a current ratio of 0.35, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57.
The company also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Friday, January 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.99%. The ex-dividend date is Thursday, January 2nd. Keurig Dr Pepper’s dividend payout ratio (DPR) is 57.69%.
In related news, insider Mary Beth Denooyer acquired 6,000 shares of Keurig Dr Pepper stock in a transaction on Tuesday, November 26th. The stock was purchased at an average cost of $30.90 per share, with a total value of $185,400.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert S. Singer purchased 4,500 shares of the firm’s stock in a transaction that occurred on Tuesday, November 19th. The stock was bought at an average price of $30.42 per share, for a total transaction of $136,890.00. Over the last three months, insiders have purchased 82,500 shares of company stock valued at $2,313,255. 0.44% of the stock is owned by company insiders.
A number of institutional investors have recently made changes to their positions in KDP. Millennium Management LLC acquired a new position in Keurig Dr Pepper during the third quarter worth about $28,301,000. Voloridge Investment Management LLC boosted its holdings in Keurig Dr Pepper by 15.2% in the 3rd quarter. Voloridge Investment Management LLC now owns 147,346 shares of the company’s stock worth $4,025,000 after buying an additional 19,454 shares during the period. Penserra Capital Management LLC grew its holdings in shares of Keurig Dr Pepper by 69.2% in the third quarter. Penserra Capital Management LLC now owns 2,772 shares of the company’s stock worth $75,000 after purchasing an additional 1,134 shares during the last quarter. Sunbelt Securities Inc. increased its stake in Keurig Dr Pepper by 14.8% during the 3rd quarter. Sunbelt Securities Inc. now owns 12,944 shares of the company’s stock valued at $354,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Parametric Portfolio Associates LLC boosted its stake in Keurig Dr Pepper by 5.1% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 360,300 shares of the company’s stock valued at $9,843,000 after purchasing an additional 17,437 shares during the last quarter. Hedge funds and other institutional investors own 20.53% of the company’s stock.
About Keurig Dr Pepper
Keurig Dr Pepper Inc operates as a beverage company in the United States and internationally. It operates through four segments: Beverage Concentrates, Packaged Beverages, Latin America Beverages, and Coffee Systems. The Beverage Concentrates segment manufactures and sells beverage concentrates. This segment also manufactures beverage concentrates into syrup.
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