Revenue is expected to be about $8.16 billion on an average. Analysts also expect the stock to hit $50.93 during the 52 weeks, with a minimum target estimate at $45 and maximum at $61.
Last quarter, the company posted its three-month earnings of $0.61 a share for revenue of $8.9 billion on July 25. The Coca-Cola Company had a return on equity of 40.68% and a net margin of 7.18%, while business revenue was down 8.3% year-over-year.
Coca-Cola also recently announced a quarterly dividend of $0.39 a share on December 14 for shareholders of record on November 30, bringing the dividend payout ratio to 81.68%.
The ratings seem to be mixed bag, though, with HSBC reissuing a BUY on a PT of $61.00 in August. Around the same time, Morgan Stanley retained its NEUTRAL rating on a $49.00 price target. Jefferies, too, maintained NEUTRAL on a $48 PT, while JPMorgan looks at a target of $50 with the same rating.
