Keurig Dr Pepper (NYSE:KDP) Issues FY 2019 Earnings Guidance

Keurig Dr Pepper (NYSE:KDP) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $1.20-1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of $11.2404-11.2404 billion, compared to the consensus revenue estimate of $11.19 billion.Keurig Dr Pepper also updated its FY19 guidance to $1.20 to $1.22 EPS.

Shares of NYSE:KDP traded up $0.06 during midday trading on Friday, hitting $29.09. 2,300,148 shares of the company’s stock traded hands, compared to its average volume of 2,733,809. The company has a current ratio of 0.33, a quick ratio of 0.23 and a debt-to-equity ratio of 0.58. The firm has a market capitalization of $40.84 billion, a P/E ratio of 27.97, a PEG ratio of 1.56 and a beta of 0.46. The firm has a fifty day moving average price of $28.77. Keurig Dr Pepper has a twelve month low of $22.19 and a twelve month high of $31.06.

Keurig Dr Pepper (NYSE:KDP) last posted its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.86 billion. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. The business’s quarterly revenue was up 196.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.30 EPS. On average, equities research analysts forecast that Keurig Dr Pepper will post 1.22 EPS for the current fiscal year.

KDP has been the topic of several recent research reports. Zacks Investment Research upgraded shares of Keurig Dr Pepper from a hold rating to a buy rating and set a $32.00 target price on the stock in a report on Wednesday, June 19th. Credit Suisse Group initiated coverage on shares of Keurig Dr Pepper in a report on Wednesday, July 17th. They set a neutral rating and a $27.00 target price on the stock. BMO Capital Markets upgraded shares of Keurig Dr Pepper from a market perform rating to an outperform rating and lifted their target price for the company from $27.00 to $34.00 in a report on Monday, June 17th. Bank of America lifted their target price on shares of Keurig Dr Pepper from $30.00 to $33.00 and gave the company a buy rating in a report on Friday. Finally, ValuEngine upgraded shares of Keurig Dr Pepper from a hold rating to a buy rating in a report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the company. The stock presently has a consensus rating of Buy and a consensus target price of $29.34.

In other news, Director Robert S. Singer acquired 3,000 shares of the business’s stock in a transaction on Thursday, May 16th. The shares were purchased at an average price of $28.93 per share, for a total transaction of $86,790.00. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Robert S. Singer acquired 2,000 shares of the business’s stock in a transaction on Friday, May 24th. The stock was purchased at an average price of $28.98 per share, for a total transaction of $57,960.00. The disclosure for this purchase can be found here. Insiders own 0.44% of the company’s stock.

Keurig Dr Pepper Company Profile

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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