Keurig Dr Pepper (NYSE:KDP) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $1.38-1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.38. The company issued revenue guidance of +3-4% (implying $1.145-1.16 billion), compared to the consensus revenue estimate of $11.42 billion.Keurig Dr Pepper also updated its FY 2020
Pre-Market guidance to 1.38-1.40 EPS.

Several brokerages have issued reports on KDP. Jefferies Financial Group lifted their price target on shares of Keurig Dr Pepper from $36.00 to $39.00 and gave the company a buy rating in a research note on Monday, July 27th. Royal Bank of Canada restated a buy rating and set a $31.00 price objective on shares of Keurig Dr Pepper in a research note on Thursday, April 30th. Evercore ISI upgraded shares of Keurig Dr Pepper from an in-line rating to an outperform rating and set a $35.00 price objective on the stock in a research note on Monday, June 1st. Goldman Sachs Group upgraded shares of Keurig Dr Pepper from a neutral rating to a buy rating and boosted their price objective for the stock from $27.00 to $33.00 in a research note on Thursday, July 9th. Finally, Citigroup boosted their price objective on shares of Keurig Dr Pepper from $28.00 to $31.00 and gave the stock a neutral rating in a research note on Tuesday, April 28th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $33.63.

Shares of KDP opened at $30.59 on Friday. Keurig Dr Pepper has a 52 week low of $18.98 and a 52 week high of $32.00. The firm has a market cap of $43.04 billion, a P/E ratio of 23.71, a price-to-earnings-growth ratio of 1.90 and a beta of 0.61. The firm’s 50-day simple moving average is $29.12 and its 200 day simple moving average is $27.40. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.23 and a current ratio of 0.31.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Thursday, July 30th. The company reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Keurig Dr Pepper had a net margin of 10.32% and a return on equity of 7.91%. The business had revenue of $2.86 billion for the quarter, compared to analyst estimates of $2.81 billion. During the same quarter in the prior year, the business earned $0.30 EPS. Keurig Dr Pepper’s quarterly revenue was up 1.8% on a year-over-year basis. As a group, equities analysts forecast that Keurig Dr Pepper will post 1.4 earnings per share for the current year.

In related news, major shareholder Holdings B.V. Jab purchased 7,380,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The shares were acquired at an average price of $27.16 per share, for a total transaction of $200,440,800.00. Also, Director Robert S. Singer acquired 1,000 shares of the business’s stock in a transaction on Friday, June 12th. The stock was acquired at an average cost of $28.14 per share, with a total value of $28,140.00. Following the acquisition, the director now directly owns 65,500 shares in the company, valued at $1,843,170. The disclosure for this purchase can be found here. 0.41% of the stock is currently owned by corporate insiders.

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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Earnings History and Estimates for Keurig Dr Pepper (NYSE:KDP)

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