Keurig Dr Pepper (KDP) to Release Earnings on Thursday

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 24th. Analysts expect the company to announce earnings of $0.51 per share for the quarter. Persons interested in registering for the company's earnings conference call can do so using this link.

Keurig Dr Pepper (NASDAQ:KDP - Get Free Report) last announced its earnings results on Thursday, July 25th. The company reported $0.45 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.45. The business had revenue of $3.92 billion for the quarter, compared to analyst estimates of $3.91 billion. Keurig Dr Pepper had a return on equity of 10.32% and a net margin of 14.47%. Keurig Dr Pepper's revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.42 EPS. 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 Stock Down 0.4 %

NASDAQ KDP traded down $0.14 during trading on Thursday, hitting $36.50. The stock had a trading volume of 6,886,452 shares, compared to its average volume of 8,632,326. The company has a market capitalization of $49.48 billion, a PE ratio of 23.64, a P/E/G ratio of 2.73 and a beta of 0.62. Keurig Dr Pepper has a 12 month low of $28.32 and a 12 month high of $38.28. The company's 50-day moving average price is $36.56 and its two-hundred day moving average price is $34.38. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.34 and a current ratio of 0.51.

Keurig Dr Pepper Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 11th. Stockholders of record on Friday, September 27th were given a $0.23 dividend. This represents a $0.92 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Friday, September 27th. This is a positive change from Keurig Dr Pepper's previous quarterly dividend of $0.22. Keurig Dr Pepper's payout ratio is currently 59.35%.

Wall Street Analysts Forecast Growth

KDP has been the topic of several recent research reports. Barclays lifted their price target on shares of Keurig Dr Pepper from $37.00 to $41.00 and gave the company an "overweight" rating in a research note on Friday, October 11th. BNP Paribas initiated coverage on Keurig Dr Pepper in a report on Monday, June 24th. They set a "neutral" rating and a $36.00 target price on the stock. Citigroup raised Keurig Dr Pepper from a "neutral" rating to a "buy" rating and increased their price target for the company from $36.00 to $43.00 in a research report on Monday, September 23rd. Royal Bank of Canada reaffirmed an "outperform" rating and set a $41.00 price target on shares of Keurig Dr Pepper in a research report on Friday, July 26th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on Keurig Dr Pepper from $36.00 to $37.00 and gave the company a "hold" rating in a report on Monday, September 23rd. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the 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.