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Monday, May 17, 2021

NYSE:KO Will Be Putting Up A Sales Sum Of $9.40 Billion

Quite a few Wall Street analysts have predicted that the stocks of NYSE:KO would be putting up a quarterly sum of $9.40 billion for the quarter. According to a report, four of the investment analysts have already provided information on the earnings estimates of the company- ranging from $9.16 billion to $9.76 billion The quarterly sum reported by the company during this period was $7.15 billion, which implies an annual growth rate of about 31.5%. The company will be putting up its next quarterly results on the 20th of July. 

The Quarterly Estimates Of NYSE:KO

NYSE:KO previously put up its quarterly data on the 18th of April. The EPS reported by the company during this period was $0.55, which was more than the EPS reported by consensus estimate at $0.50. The revenue generated by the company during this period was $9 billion, which was more than the consensus estimate of $8.58 billion. The return on equity for the firm was 41.37%, with a 24.90% net margin. 

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There have been quite a few research equities that have commented on the stocks of NYSE:KO. JPMorgan Chase & Co has already reduced the price rating of the company to neutral with a price target of $55 in a 7th January research report. Credit Suisse Group has also reiterated their rating of buy with a price target of $60 in a 21st April research report.

Guggenheim has also reduced the price rating of the company from buy to neutral in a 5th January research report. Morgan Stanley has also increased the price target of NYSE:KO from $55 to $60 with a rating of overweight in a 26th April research report. 

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