Keurig Dr Pepper (NYSE:KDP) issued an update on its FY 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $1.20-1.22 for the period, compared to the Thomson Reuters consensus EPS 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.
Keurig Dr Pepper stock traded up $0.06 during trading hours on Friday, reaching $29.09. 2,300,148 shares of the company were exchanged, compared to its average volume of 2,733,809. The firm has a market capitalization of $40.84 billion, a price-to-earnings ratio of 27.97, a price-to-earnings-growth ratio of 1.56 and a beta of 0.46. 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 50-day moving average price of $28.77. Keurig Dr Pepper has a 12 month low of $22.19 and a 12 month high of $31.06.
Keurig Dr Pepper (NYSE:KDP) last announced its earnings results on Thursday, August 8th. The company reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to analysts’ expectations of $2.86 billion. Keurig Dr Pepper had a return on equity of 7.15% and a net margin of 8.82%. The company’s revenue was up 196.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.30 earnings per share. Equities research analysts forecast that Keurig Dr Pepper will post 1.22 earnings per share for the current fiscal year.
A number of equities research analysts have issued reports on KDP shares. Bank of America upped their target price on Keurig Dr Pepper from $30.00 to $33.00 and gave the stock a buy rating in a research report on Friday. ValuEngine raised Keurig Dr Pepper from a hold rating to a buy rating in a research report on Thursday, July 11th. Zacks Investment Research raised Keurig Dr Pepper from a hold rating to a buy rating and set a $32.00 target price for the company in a research report on Wednesday, June 19th. BMO Capital Markets raised Keurig Dr Pepper from a market perform rating to an outperform rating and upped their target price for the stock from $27.00 to $34.00 in a research report on Monday, June 17th. Finally, Credit Suisse Group started coverage on Keurig Dr Pepper in a research report on Wednesday, July 17th. They set a neutral rating and a $27.00 target price for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of Buy and an average price target of $29.34.
In other news, major shareholder Holdings B.V. Maple sold 52,902,300 shares of the stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $27.77, for a total value of $1,469,096,871.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert S. Singer acquired 2,000 shares of Keurig Dr Pepper stock in a transaction dated Friday, May 24th. The stock was acquired at an average cost of $28.98 per share, with a total value of $57,960.00. The disclosure for this purchase can be found here. 0.44% of the stock is currently owned by corporate insiders.
About Keurig Dr Pepper
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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