Market Update (NYSE:KO): CORRECTING and REPLACING The Coca-Cola Company Announces Timing of Earnings Release and Investor Conference Call

[Business Wire] – First paragraph, first sentence of release should read: The Coca-Cola Company will release fourth quarter and full-year 2015 financial results on Tuesday, Feb. 9, 2016, before the stock market opens (instead of … Read more on this. The Coca-Cola Company (KO) , with a current market cap of $183.05B, opened at $42.27. During the trading session, KO traded between $41.87 to $42.44 with a one year range of $36.56 to $43.91. KO shares are currently priced at 20.89x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 37.10x earnings multiple for the same period. The company pays shareholders $1.32 per share annually in dividends, yielding 3.18%. According to a consensus of 20 analysts, the earnings estimate of $0.37 per share would be $0.07 worse than the year-ago quarter and a $0.03 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.99, which would be a $0.05 worse when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $9.96 Billion. If reported, that would be a 8.62% decrease over the year-ago quarter. Recently, Stifel upgraded KO from Hold to Buy (Jan 12, 2016). Previously, Sterne Agee CRT Initiated KO at to Buy. The average price target for KO shares by the analysts covering the stock is $45.84, which is 8.45% above where the stock opened this morning. See more in (NYSE:KO) Similar Articles: Market Update: The Coca-Cola Company (NYSE:KO) – European Coca-Cola bottlers merger win EU antitrust approval Market Update (NYSE:KO): IGN and Coca-Cola Partner To Create New Series, “ESPORTS WEEKLY with Coca-Cola” Company Update: The Coca-Cola Company (NYSE:KO) – Robbins Arroyo LLP: Acquisition of Coca-Cola Enterprises, Inc. (CCE) by Coca-Cola Erfrischungsgetranke AG (KO) and Coca-Cola Iberian Partners SA (Private) May Not Be in Shareholders’ Best Interests