Analysts expect Coca-Cola Co (The) (NYSE:KO) to report sales of $7.61 billion for the current quarter, Zacks reports. Four analysts have made estimates for Coca-Cola’s earnings, with the highest sales estimate coming in at $8.40 billion and the lowest estimate coming in at $6.77 billion. Coca-Cola posted sales of $10.00 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 23.9%. The business is scheduled to issue its next quarterly earnings results on Tuesday, July 28th.

According to Zacks, analysts expect that Coca-Cola will report full-year sales of $33.55 billion for the current fiscal year, with estimates ranging from $31.63 billion to $35.16 billion. For the next financial year, analysts anticipate that the business will post sales of $36.52 billion, with estimates ranging from $35.30 billion to $37.49 billion. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Coca-Cola.

Coca-Cola (NYSE:KO) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.07. The company had revenue of $8.60 billion for the quarter, compared to analysts’ expectations of $8.32 billion. Coca-Cola had a return on equity of 45.26% and a net margin of 26.95%. The firm’s revenue was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS.

Several research firms recently weighed in on KO. DZ Bank upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $51.00 price target on the stock in a report on Wednesday, March 25th. Morgan Stanley increased their price target on Coca-Cola from $44.00 to $46.00 and gave the company an “equal weight” rating in a report on Tuesday, March 31st. HSBC upgraded Coca-Cola from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, March 24th. Goldman Sachs Group assumed coverage on Coca-Cola in a report on Wednesday, April 1st. They set a “neutral” rating and a $46.00 price target on the stock. Finally, Royal Bank of Canada cut their price objective on Coca-Cola from $57.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 22nd. One analyst has rated the stock with a sell rating, six have assigned a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $54.59.

Shares of KO traded up $0.31 during mid-day trading on Friday, hitting $46.99. 17,010,243 shares of the stock were exchanged, compared to its average volume of 19,427,348. The company has a market cap of $200.49 billion, a PE ratio of 20.25, a price-to-earnings-growth ratio of 5.31 and a beta of 0.55. Coca-Cola has a 52-week low of $36.27 and a 52-week high of $60.13. The firm has a 50-day moving average of $46.04 and a two-hundred day moving average of $51.73. The company has a debt-to-equity ratio of 1.57, a quick ratio of 0.76 and a current ratio of 0.87.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 15th will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, June 12th. Coca-Cola’s payout ratio is currently 77.73%.

In other news, SVP Lisa Chang acquired 1,650 shares of the business’s stock in a transaction dated Monday, April 27th. The shares were purchased at an average price of $46.74 per share, with a total value of $77,121.00. Following the transaction, the senior vice president now directly owns 5,826 shares in the company, valued at $272,307.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.01% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the business. SignalPoint Asset Management LLC grew its position in Coca-Cola by 2.8% during the 4th quarter. SignalPoint Asset Management LLC now owns 6,443 shares of the company’s stock worth $357,000 after purchasing an additional 174 shares during the last quarter. Weaver Consulting Group boosted its holdings in shares of Coca-Cola by 4.1% in the 4th quarter. Weaver Consulting Group now owns 4,816 shares of the company’s stock valued at $262,000 after acquiring an additional 188 shares during the last quarter. Financial Advisory Service Inc. boosted its holdings in shares of Coca-Cola by 1.0% in the 4th quarter. Financial Advisory Service Inc. now owns 19,770 shares of the company’s stock valued at $1,094,000 after acquiring an additional 189 shares during the last quarter. Orser Capital Management LLC boosted its holdings in shares of Coca-Cola by 4.6% in the 4th quarter. Orser Capital Management LLC now owns 4,539 shares of the company’s stock valued at $251,000 after acquiring an additional 200 shares during the last quarter. Finally, Krane Funds Advisors LLC boosted its holdings in shares of Coca-Cola by 2.2% in the 4th quarter. Krane Funds Advisors LLC now owns 9,792 shares of the company’s stock valued at $542,000 after acquiring an additional 214 shares during the last quarter. 67.48% of the stock is currently owned by institutional investors.

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

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