Wall Street analysts forecast that Kraft Heinz Co (NASDAQ:KHC) will post earnings of $0.92 per share for the current quarter, Zacks reports. Six analysts have provided estimates for Kraft Heinz’s earnings. The highest EPS estimate is $0.99 and the lowest is $0.83. Kraft Heinz reported earnings of $0.98 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 6.1%. The company is scheduled to issue its next earnings results before the market opens on Friday, August 3rd.
On average, analysts expect that Kraft Heinz will report full-year earnings of $3.79 per share for the current fiscal year, with EPS estimates ranging from $3.68 to $3.86. For the next financial year, analysts forecast that the business will report earnings of $4.01 per share, with EPS estimates ranging from $3.81 to $4.20. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow Kraft Heinz.
Get Kraft Heinz alerts:Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings data on Wednesday, May 2nd. The company reported $0.89 EPS for the quarter, beating analysts’ consensus estimates of $0.82 by $0.07. Kraft Heinz had a return on equity of 7.06% and a net margin of 42.41%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.32 billion. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue for the quarter was down .3% on a year-over-year basis.
A number of research firms recently issued reports on KHC. BidaskClub upgraded Kraft Heinz from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, July 3rd. Bank of America restated a “buy” rating and set a $85.00 price target on shares of Kraft Heinz in a research note on Thursday, May 3rd. ValuEngine downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Wednesday, May 2nd. Finally, BMO Capital Markets dropped their price target on Kraft Heinz from $74.00 to $67.00 and set a “market perform” rating on the stock in a research note on Friday, May 4th. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Kraft Heinz presently has a consensus rating of “Hold” and a consensus price target of $77.85.
Shares of Kraft Heinz traded down $0.10, reaching $63.64, during mid-day trading on Thursday, according to Marketbeat Ratings. The company’s stock had a trading volume of 2,659,800 shares, compared to its average volume of 5,097,762. The company has a market cap of $78.03 billion, a P/E ratio of 17.93, a PEG ratio of 2.10 and a beta of 0.61. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.42 and a current ratio of 0.72. Kraft Heinz has a 12-month low of $54.11 and a 12-month high of $90.38.
The business also recently announced a quarterly dividend, which was paid on Friday, June 15th. Shareholders of record on Friday, May 18th were paid a $0.625 dividend. The ex-dividend date was Thursday, May 17th. This represents a $2.50 annualized dividend and a dividend yield of 3.93%. Kraft Heinz’s dividend payout ratio (DPR) is currently 70.42%.
Several hedge funds have recently made changes to their positions in the business. We Are One Seven LLC acquired a new stake in shares of Kraft Heinz in the 4th quarter valued at approximately $107,000. Princeton Capital Management LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $112,000. Rainier Group Investment Advisory LLC acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $118,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Kraft Heinz in the 1st quarter valued at approximately $126,000. Finally, Shamrock Asset Management LLC lifted its holdings in shares of Kraft Heinz by 68.8% in the 1st quarter. Shamrock Asset Management LLC now owns 2,453 shares of the company’s stock valued at $139,000 after buying an additional 1,000 shares during the period. Institutional investors own 62.30% of the company’s stock.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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