Keurig Dr Pepper (NYSE:KDP) Releases FY19 Earnings Guidance

Keurig Dr Pepper (NYSE:KDP) updated its FY19 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.20 to $1.22 for the period, compared to the Thomson Reuters consensus estimate of $1.22. The company issued revenue guidance of Approx +2% yr/yr, compared to the consensus revenue estimate of $11.19 billion.Keurig Dr Pepper also updated its FY 2019 guidance to $1.20-1.22 EPS.

A number of equities research analysts have weighed in on the company. Credit Suisse Group assumed coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They set a neutral rating and a $27.00 price target on the stock. ValuEngine upgraded Keurig Dr Pepper from a hold rating to a buy rating in a research report on Thursday, July 11th. Zacks Investment Research upgraded Keurig Dr Pepper from a hold rating to a buy rating and set a $32.00 price target on the stock in a research report on Wednesday, June 19th. Bank of America raised their price target on Keurig Dr Pepper from $30.00 to $33.00 and gave the company a buy rating in a research report on Friday. Finally, BMO Capital Markets upgraded Keurig Dr Pepper from a market perform rating to an outperform rating and raised their price target for the company from $27.00 to $34.00 in a research report on Monday, June 17th. One 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 company currently has an average rating of Buy and an average target price of $29.34.

KDP stock traded up $0.06 during midday trading on Friday, reaching $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 market cap of $40.84 billion, a P/E ratio of 27.97, a P/E/G ratio of 1.56 and a beta of 0.46. The company has a debt-to-equity ratio of 0.58, a current ratio of 0.33 and a quick ratio of 0.23. Keurig Dr Pepper has a fifty-two week low of $22.19 and a fifty-two week high of $31.06. The stock’s 50-day simple moving average is $28.77.

Keurig Dr Pepper (NYSE:KDP) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.30 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to analysts’ expectations of $2.86 billion. Keurig Dr Pepper had a net margin of 8.82% and a return on equity of 7.15%. Keurig Dr Pepper’s revenue was up 196.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.30 earnings per share. Equities analysts expect that Keurig Dr Pepper will post 1.22 earnings per share for the current year.

In other news, Director Robert S. Singer bought 3,000 shares of Keurig Dr Pepper stock in a transaction dated Thursday, May 16th. The shares were acquired at an average cost of $28.93 per share, with a total value of $86,790.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Holdings B.V. Maple sold 52,902,300 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $27.77, for a total transaction of $1,469,096,871.00. The disclosure for this sale 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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