Keurig Dr Pepper Inc (KDP) Expected to Announce Earnings of $0.28 Per Share

Equities analysts expect Keurig Dr Pepper Inc (NYSE:KDP) to report earnings per share (EPS) of $0.28 for the current quarter, Zacks reports. Three analysts have made estimates for Keurig Dr Pepper’s earnings. The lowest EPS estimate is $0.27 and the highest is $0.30. Keurig Dr Pepper reported earnings of $1.17 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 76.1%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, February 13th.

On average, analysts expect that Keurig Dr Pepper will report full-year earnings of $1.04 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.05. For the next fiscal year, analysts forecast that the company will report earnings of $1.22 per share, with EPS estimates ranging from $1.18 to $1.25. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Keurig Dr Pepper.

Keurig Dr Pepper (NYSE:KDP) last released its quarterly earnings results on Wednesday, November 7th. The company reported $0.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.02. Keurig Dr Pepper had a return on equity of 39.52% and a net margin of 15.98%. The business had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.87 billion. During the same period in the previous year, the business posted $0.21 earnings per share. The firm’s revenue for the quarter was up 139.6% compared to the same quarter last year.

Several brokerages have weighed in on KDP. Goldman Sachs Group began coverage on Keurig Dr Pepper in a report on Wednesday, July 18th. They set a “neutral” rating and a $26.00 price objective for the company. ValuEngine cut Keurig Dr Pepper from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Stifel Nicolaus began coverage on Keurig Dr Pepper in a report on Wednesday, July 11th. They set a “hold” rating and a $20.00 price objective for the company. Bank of America set a $30.00 price objective on Keurig Dr Pepper and gave the stock a “buy” rating in a report on Monday, July 16th. Finally, Susquehanna Bancshares began coverage on Keurig Dr Pepper in a report on Wednesday, July 25th. They set a “positive” rating and a $33.00 price objective for the company. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $25.38.

Shares of Keurig Dr Pepper stock traded up $0.68 during trading on Monday, reaching $28.31. The company’s stock had a trading volume of 215,944 shares, compared to its average volume of 3,693,851. The company has a quick ratio of 0.75, a current ratio of 0.93 and a debt-to-equity ratio of 1.52. Keurig Dr Pepper has a one year low of $20.46 and a one year high of $126.65. The stock has a market capitalization of $37.79 billion, a price-to-earnings ratio of 6.27, a P/E/G ratio of 1.57 and a beta of 0.47.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were issued a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, October 4th. This represents a $0.60 annualized dividend and a yield of 2.12%. Keurig Dr Pepper’s dividend payout ratio is currently 13.22%.

In related news, Director Peter Harf purchased 21,400 shares of the stock in a transaction dated Tuesday, August 21st. The stock was bought at an average cost of $23.43 per share, with a total value of $501,402.00. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert S. Singer purchased 10,000 shares of the stock in a transaction dated Friday, August 10th. The stock was bought at an average cost of $23.75 per share, with a total value of $237,500.00. The disclosure for this purchase can be found here. Insiders have acquired a total of 198,320 shares of company stock valued at $4,637,173 over the last three months. Company insiders own 0.58% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Piedmont Investment Advisors Inc. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $301,000. Mckinley Capital Management LLC Delaware bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $1,028,000. Opus Investment Management Inc. bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $278,000. Commonwealth Bank of Australia bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $418,000. Finally, MML Investors Services LLC bought a new stake in shares of Keurig Dr Pepper in the 3rd quarter valued at about $230,000. 11.56% of the stock is owned by institutional investors.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc engages in the brewing system and specialty coffee businesses in the United States and Canada. The company sources, produces, and sells coffee, hot cocoa, teas, and other beverages in K-Cup, Vue, Rivo, K-Carafe, and K-Mug pods brands; coffee in traditional packaging, including bags and fractional packs; and other specialty beverages in pods.

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