Dr Pepper Snapple (DPS) Tops Q2 Earnings, Sales; Ups View


Dr Pepper Snapple raised its earnings guidance for 2016. The company expects full year 2016 earnings in the range of $4.27 to $4.35 per share, higher than its previously estimated range of $4.20 to $4.30 per share. Currency headwinds are expected to hurt 2016 EPS by 3%, which is higher than the prior expectation of 2.5%.

The company still expects net sales to be up approximately 2%. Currency is likely to have a negative impact of about 1% on sales.

The full-year tax rate is likely to be about 35.5%. Capital expenditure is expected to be nearly 3% of net sales. The company plans to repurchase roughly $650 million to $700 million shares in the year.

DR PEPPER SNAPL Price, Consensus and EPS Surprise

DR PEPPER SNAPL Price, Consensus and EPS Surprise | DR PEPPER SNAPL Quote

Dr Pepper Snapple has a Zacks Rank #3 (Hold).

Stocks to Consider

Some better-ranked stocks in the broader beverage sector are Primo Water Corp. (PRMW - Snapshot Report) , Constellation Brands Inc. (STZ - Analyst Report) and The Chefs' Warehouse, Inc. (CHEF - Snapshot Report) . All the three companies carry a Zacks Rank #2 (Buy).

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