NEW YORK (TheStreet) -- Shares of Dr Pepper Snapple Group (DPS) are advancing 0.63% to $97.80 in pre-market trading this morning after the Plano, TX-based beverage company reported better-than-expected second quarter results before today's market open.
Dr Pepper Snapple Group posted earnings of $1.25 per share on revenue of $1.7 billion. Analysts projected earnings of $1.13 per share on revenue of $1.66 billion.
Last year, Dr Pepper Snapple Group posted earnings of $1.14 per share on revenue of $1.65 billion.
The company raised its 2016 profit guidance to be in the range of $4.27 to $4.35 per share, and they expect revenue to increase about 2%.
Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. TheStreet Ratings has this to say about the recommendation:
We rate DR PEPPER SNAPPLE GROUP INC as a Buy with a ratings score of A. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and solid stock price performance. We feel its strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
You can view the full analysis from the report here: DPS