Keurig Dr Pepper (KDP) Scheduled to Post Quarterly Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP) last issued its quarterly earnings data on Thursday, July 25th. The company reported $0.45 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.45. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. The business had revenue of $3.92 billion during the quarter, compared to analysts’ expectations of $3.91 billion. During the same period in the previous year, the firm posted $0.42 earnings per share. The company’s revenue was up 3.5% on a year-over-year basis. On average, analysts expect Keurig Dr Pepper to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Keurig Dr Pepper Trading Down 0.8 %

Shares of NASDAQ KDP opened at $36.64 on Thursday. Keurig Dr Pepper has a twelve month low of $28.32 and a twelve month high of $38.28. The company has a current ratio of 0.51, a quick ratio of 0.34 and a debt-to-equity ratio of 0.50. The stock has a fifty day simple moving average of $36.56 and a 200-day simple moving average of $34.38. The stock has a market capitalization of $49.67 billion, a PE ratio of 23.64, a PEG ratio of 2.73 and a beta of 0.62.

Keurig Dr Pepper Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 11th. Investors of record on Friday, September 27th were issued a $0.23 dividend. The ex-dividend date was Friday, September 27th. This is a positive change from Keurig Dr Pepper’s previous quarterly dividend of $0.22. This represents a $0.92 dividend on an annualized basis and a yield of 2.51%. Keurig Dr Pepper’s dividend payout ratio (DPR) is 59.35%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Evercore ISI upgraded Keurig Dr Pepper to a “hold” rating in a research report on Thursday, September 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Citigroup upgraded Keurig Dr Pepper from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $43.00 in a research report on Monday, September 23rd. BNP Paribas assumed coverage on Keurig Dr Pepper in a research report on Monday, June 24th. They set a “neutral” rating and a $36.00 target price on the stock. Finally, TD Cowen lifted their target price on Keurig Dr Pepper from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Thursday, September 26th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $38.21.

Keurig Dr Pepper Company Profile

Keurig Dr Pepper Inc owns, manufactures, and distributors beverages and single serve brewing systems in the United States and internationally. It operates through three segments: U.S. Refreshment Beverages, U.S. Coffee, and International. The U.S. Refreshment Beverages segment manufactures and distributes branded concentrates, syrup, and finished beverages.