Coca-Cola (KO) Projected to Post Quarterly Earnings on Tuesday

Coca-Cola (NYSE:KO) will likely be announcing its earnings results before the market opens on Tuesday, February 11th. Analysts expect the company to announce earnings of $0.51 per share and revenue of $10.70 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Coca-Cola Trading Up 0.8 %

NYSE:KO opened at $63.84 on Monday. The company has a current ratio of 1.06, a quick ratio of 0.90 and a debt-to-equity ratio of 1.53. Coca-Cola has a 1-year low of $57.93 and a 1-year high of $73.53. The firm has a market capitalization of $275.03 billion, a price-to-earnings ratio of 26.38, a PEG ratio of 3.55 and a beta of 0.61. The business’s 50-day moving average price is $62.53 and its two-hundred day moving average price is $66.32.

Wall Street Analyst Weigh In

A number of research firms have recently commented on KO. Royal Bank of Canada reaffirmed an “outperform” rating and set a $69.00 price target on shares of Coca-Cola in a research report on Thursday. UBS Group dropped their target price on shares of Coca-Cola from $82.00 to $72.00 and set a “buy” rating on the stock in a report on Thursday, January 16th. TD Cowen upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and set a $75.00 price target for the company in a report on Wednesday, January 8th. Jefferies Financial Group upgraded shares of Coca-Cola from a “hold” rating to a “buy” rating and raised their price objective for the stock from $69.00 to $75.00 in a report on Thursday, January 30th. Finally, Barclays reduced their target price on shares of Coca-Cola from $73.00 to $66.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $72.19.

About Coca-Cola

The Coca-Cola Company, a beverage company, manufactures, markets, and sells various nonalcoholic beverages worldwide. The company provides sparkling soft drinks, sparkling flavors; water, sports, coffee, and tea; juice, value-added dairy, and plant-based beverages; and other beverages. It also offers beverage concentrates and syrups, as well as fountain syrups to fountain retailers, such as restaurants and convenience stores.