Dr Pepper Snapple Group (NYSE:DPS) announced its earnings results on Wednesday. The company reported $1.17 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $1.17, Morningstar.com reports. Dr Pepper Snapple Group had a return on equity of 37.53% and a net margin of 11.06%. The company had revenue of $1.64 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period last year, the company posted $0.90 earnings per share. The firm’s quarterly revenue was up 4.1% compared to the same quarter last year.
Shares of Dr Pepper Snapple Group (NYSE:DPS) traded up $0.87 during mid-day trading on Thursday, reaching $115.78. The company had a trading volume of 704,174 shares, compared to its average volume of 2,858,699. The company has a debt-to-equity ratio of 2.07, a quick ratio of 0.74 and a current ratio of 0.93. The firm has a market capitalization of $20,841.30, a price-to-earnings ratio of 28.89, a price-to-earnings-growth ratio of 2.15 and a beta of 0.79. Dr Pepper Snapple Group has a 1 year low of $83.23 and a 1 year high of $126.65.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 12th. Investors of record on Wednesday, March 21st will be given a $0.58 dividend. The ex-dividend date is Tuesday, March 20th. This represents a $2.32 dividend on an annualized basis and a yield of 2.00%. Dr Pepper Snapple Group’s payout ratio is 58.15%.
A number of analysts have recently weighed in on DPS shares. Wells Fargo & Co upgraded Dr Pepper Snapple Group from a “market perform” rating to an “outperform” rating in a research note on Monday, October 23rd. Susquehanna Bancshares set a $89.00 target price on Dr Pepper Snapple Group and gave the company a “hold” rating in a research note on Wednesday, October 25th. Royal Bank of Canada restated a “hold” rating and issued a $91.00 target price on shares of Dr Pepper Snapple Group in a research note on Wednesday, October 25th. Stifel Nicolaus lowered their target price on Dr Pepper Snapple Group from $114.00 to $106.00 and set a “buy” rating for the company in a research note on Thursday, October 26th. Finally, Morgan Stanley lowered their target price on Dr Pepper Snapple Group from $104.00 to $96.00 and set an “overweight” rating for the company in a research note on Thursday, October 26th. Twelve research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $115.43.
TRADEMARK VIOLATION NOTICE: This news story was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this news story on another domain, it was copied illegally and republished in violation of US & international copyright and trademark legislation. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/02/15/dr-pepper-snapple-group-dps-posts-earnings-results-meets-expectations.html.
About Dr Pepper Snapple Group
Dr Pepper Snapple Group, Inc is an integrated brand owner, manufacturer and distributor of non-alcoholic beverages in the United States, Mexico and Canada. The Company offers a diverse portfolio of flavored (non-cola) carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs), including ready-to-drink teas, juices, juice drinks, water and mixers.
Receive News & Ratings for Dr Pepper Snapple Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dr Pepper Snapple Group and related companies with MarketBeat.com's FREE daily email newsletter.