Coca-Cola (KO) Set to Announce Earnings on Tuesday

Coca-Cola (NYSE:KO - Get Free Report) is scheduled to be releasing its earnings data before the market opens on Tuesday, April 30th. Analysts expect Coca-Cola to post earnings of $0.70 per share for the quarter. Coca-Cola has set its FY24 guidance at $2.80-$2.82 EPS and its FY 2024 guidance at 2.800-2.830 EPS.Persons that wish to listen to the company's earnings conference call can do so using this link.

Coca-Cola (NYSE:KO - Get Free Report) last posted its earnings results on Tuesday, February 13th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. Coca-Cola had a net margin of 23.42% and a return on equity of 42.50%. The firm had revenue of $10.80 billion during the quarter, compared to analysts' expectations of $10.68 billion. During the same period last year, the company posted $0.45 EPS. The company's quarterly revenue was up 6.9% compared to the same quarter last year. On average, analysts expect Coca-Cola to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Coca-Cola Trading Up 0.1 %

Shares of NYSE:KO traded up $0.09 on Tuesday, hitting $60.64. The company had a trading volume of 13,687,837 shares, compared to its average volume of 13,898,879. The firm's 50-day simple moving average is $59.98 and its two-hundred day simple moving average is $58.72. Coca-Cola has a 1 year low of $51.55 and a 1 year high of $64.99. The company has a quick ratio of 0.95, a current ratio of 1.13 and a debt-to-equity ratio of 1.29. The firm has a market capitalization of $261.43 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 3.44 and a beta of 0.59.

Coca-Cola Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 15th were given a $0.485 dividend. This represents a $1.94 annualized dividend and a dividend yield of 3.20%. This is a boost from Coca-Cola's previous quarterly dividend of $0.46. The ex-dividend date was Thursday, March 14th. Coca-Cola's dividend payout ratio (DPR) is currently 78.23%.

Insider Activity at Coca-Cola

In other Coca-Cola news, EVP Beatriz R. Perez sold 52,300 shares of the firm's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the completion of the sale, the executive vice president now directly owns 143,383 shares in the company, valued at approximately $8,602,980. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Coca-Cola news, EVP Nancy Quan sold 57,368 shares of the firm's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $60.87, for a total transaction of $3,491,990.16. Following the completion of the sale, the executive vice president now directly owns 223,330 shares in the company, valued at approximately $13,594,097.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Beatriz R. Perez sold 52,300 shares of the firm's stock in a transaction dated Tuesday, January 30th. The shares were sold at an average price of $60.00, for a total transaction of $3,138,000.00. Following the sale, the executive vice president now owns 143,383 shares of the company's stock, valued at $8,602,980. The disclosure for this sale can be found here. Insiders sold a total of 375,407 shares of company stock valued at $22,795,742 in the last three months. Company insiders own 0.97% of the company's stock.

Wall Street Analysts Forecast Growth

KO has been the subject of several research analyst reports. Barclays raised their target price on shares of Coca-Cola from $66.00 to $68.00 and gave the stock an "overweight" rating in a research report on Friday, April 12th. Citigroup raised their target price on shares of Coca-Cola from $67.00 to $68.00 and gave the stock a "buy" rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Coca-Cola from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Friday. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $67.09.

Coca-Cola Company Profile

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.