The Coca-Cola (KO) Updates FY 2018 Earnings Guidance

The Coca-Cola (NYSE:KO) issued an update on its FY 2018 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $2.06-2.10 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.08. The Coca-Cola also updated its FY18 guidance to $2.06-2.10 EPS.

Shares of NYSE:KO traded up $0.72 during trading on Tuesday, hitting $47.18. 1,173,841 shares of the company’s stock traded hands, compared to its average volume of 12,960,938. The Coca-Cola has a 52 week low of $41.45 and a 52 week high of $48.62. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.15 and a quick ratio of 1.06. The stock has a market capitalization of $195.89 billion, a PE ratio of 24.71, a price-to-earnings-growth ratio of 2.89 and a beta of 0.74.

The Coca-Cola (NYSE:KO) last released its quarterly earnings data on Tuesday, October 30th. The company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The Coca-Cola had a return on equity of 40.68% and a net margin of 7.18%. The business had revenue of $8.25 billion for the quarter, compared to analysts’ expectations of $8.20 billion. During the same quarter in the previous year, the business posted $0.50 EPS. The Coca-Cola’s revenue for the quarter was down 9.2% on a year-over-year basis. On average, research analysts expect that The Coca-Cola will post 2.07 earnings per share for the current year.



The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 30th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.31%. The ex-dividend date is Thursday, November 29th. The Coca-Cola’s dividend payout ratio (DPR) is presently 81.68%.

A number of brokerages recently issued reports on KO. Morgan Stanley set a $49.00 target price on The Coca-Cola and gave the company a neutral rating in a research report on Wednesday, August 29th. Royal Bank of Canada set a $56.00 target price on The Coca-Cola and gave the company a buy rating in a research report on Wednesday, July 25th. Macquarie set a $47.00 target price on The Coca-Cola and gave the company a neutral rating in a research report on Friday, September 14th. Argus raised The Coca-Cola to a hold rating in a research report on Friday, August 24th. Finally, Jefferies Financial Group reissued a hold rating and issued a $48.00 target price on shares of The Coca-Cola in a research report on Friday, August 31st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and thirteen have issued a buy rating to the stock. The Coca-Cola has a consensus rating of Hold and an average price target of $50.74.

In related news, SVP James L. Dinkins sold 8,754 shares of the business’s stock in a transaction on Wednesday, October 24th. The stock was sold at an average price of $46.95, for a total value of $411,000.30. Following the completion of the sale, the senior vice president now directly owns 28,354 shares in the company, valued at approximately $1,331,220.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Murphy sold 111,468 shares of the business’s stock in a transaction on Thursday, August 2nd. The shares were sold at an average price of $46.46, for a total value of $5,178,803.28. Following the completion of the sale, the insider now owns 196,337 shares of the company’s stock, valued at $9,121,817.02. The disclosure for this sale can be found here. Insiders have sold a total of 168,576 shares of company stock worth $7,835,847 over the last three months. 1.48% of the stock is owned by insiders.

About The Coca-Cola

The Coca-Cola Company, a beverage company, manufactures and distributes various nonalcoholic beverages worldwide. The company provides water, enhanced water, and sports drinks; juices; 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 The Coca-Cola (NYSE:KO)

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