Coca-Cola Bottling Co Consolidated (COKE) Announces Quarterly Earnings Results, Beats Estimates By $1.29 EPS

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Coca-Cola Bottling Co Consolidated (NASDAQ:COKE) issued its quarterly earnings data on Wednesday. The company reported $2.93 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.64 by $1.29, Fidelity Earnings reports. Coca-Cola Bottling Co Consolidated had a net margin of 1.68% and a return on equity of 5.07%. The company had revenue of $1.21 billion for the quarter.

NASDAQ COKE traded up $10.01 on Friday, hitting $192.40. The stock had a trading volume of 81,900 shares, compared to its average volume of 53,195. The company has a current ratio of 1.26, a quick ratio of 0.94 and a debt-to-equity ratio of 2.62. Coca-Cola Bottling Co Consolidated has a 52-week low of $125.08 and a 52-week high of $230.00. The firm has a market capitalization of $1.68 billion, a P/E ratio of 76.52 and a beta of 0.33.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Shareholders of record on Friday, October 26th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.52%. The ex-dividend date is Thursday, October 25th.

Several equities analysts have issued reports on COKE shares. BidaskClub raised shares of Coca-Cola Bottling Co Consolidated from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 31st. ValuEngine raised shares of Coca-Cola Bottling Co Consolidated from a “sell” rating to a “hold” rating in a report on Thursday, August 9th.

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About Coca-Cola Bottling Co Consolidated

Coca-Cola Bottling Co Consolidated, together with its subsidiaries, produces, markets, and distributes nonalcoholic beverages, primarily products of The Coca-Cola Company in the United States. The company offers sparkling beverages, including carbonated beverages; and still beverages, such as energy products, as well as noncarbonated beverages comprising bottled water, tea, ready to drink coffee, enhanced water, juices, and sports drinks.

Read More: Are Wall Street analysts’ stock ratings worth following?

Earnings History for Coca-Cola Bottling Co Consolidated (NASDAQ:COKE)

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