Brokerages at Wall Street estimate that the Coca-Cola Company (NYSE: KO) will report sales worth 8.52B USD in the current financial quarter. A total of four analysts estimated the company’s earnings. The highest and the lowest estimates are 8.95B USD and 8.15B USD.
Detailed Commentary On KO Stock
The company is estimated to report its earnings for the next quarter on 19th April. By general consensus, analysts are expecting a revenue of 36.73B USD for the year. KO reported its financial quarterly earnings last on 9th February. The report had a 0.47 USD EPS overshooting the estimated 0.42 USD. The stock had a 41.37% equity return with a 24.90% net margin. The stock’s market cap stands at 226.89B USD with a 0.58 beta. The simple moving average for 50 days is 50.73 USD while for 200 days it is 50.92 USD.
Several other research analysts have issued their reports on the stock. Guggenheim decreased their rating from “buy” to “neutral” on 5th January. Morgan Stanley lowered their objective price to 55 USD from 59 USD while giving a rating of “overweight” on 14th January. HSBC also lowered its target price from 58 USD to 61 USD on 13th January. The stocks have a general consensus of “buy” rating with an average objective price of 54.27 USD.
Kathy Loveless, the VP, sold off 501 of her shares on 19th March. The transaction had an average of 50.46 USD per share price. The total transaction value stood at 25280.46 USD. Nikolaos Koumettis, an insider, also sold off 60000 of his shares at the average of 53.30 USD per share on 29th March. The total transaction value stood at 3198000 USD. Company insiders have control over 1.01% of shares.
West Financial Advisors LLC, Merrion Investment Management Co LLC, CBIZ Investment Advisory Services LLC, and Bellwether Advisors LLC., all increased their shares of the company.