Brokerages Anticipate Kraft Heinz Co (KHC) to Announce $0.98 EPS

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Wall Street analysts expect that Kraft Heinz Co (NASDAQ:KHC) will post earnings of $0.98 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kraft Heinz’s earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $1.02. Kraft Heinz reported earnings per share of $0.90 during the same quarter last year, which would indicate a positive year-over-year growth rate of 8.9%. The business is expected to issue its next quarterly earnings results on Friday, February 15th.

According to Zacks, analysts expect that Kraft Heinz will report full year earnings of $3.64 per share for the current fiscal year, with EPS estimates ranging from $3.61 to $3.68. For the next fiscal year, analysts anticipate that the business will report earnings of $3.80 per share, with EPS estimates ranging from $3.65 to $3.96. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The business had revenue of $6.38 billion during the quarter, compared to analysts’ expectations of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The firm’s revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.83 earnings per share.

Several equities research analysts recently issued reports on KHC shares. Morgan Stanley set a $49.00 price objective on Kraft Heinz and gave the stock a “sell” rating in a research note on Wednesday, November 7th. Bank of America set a $83.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Friday, November 2nd. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. BidaskClub downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Finally, Piper Jaffray Companies set a $62.00 price objective on Kraft Heinz and gave the stock a “buy” rating in a research note on Friday, November 2nd. Six analysts have rated the stock with a sell rating, three have issued a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $66.89.

Kraft Heinz stock traded down $0.81 during mid-day trading on Monday, hitting $48.71. The company’s stock had a trading volume of 4,981,687 shares, compared to its average volume of 5,338,385. The company has a market cap of $60.39 billion, a P/E ratio of 13.72, a P/E/G ratio of 2.21 and a beta of 0.45. The company has a current ratio of 1.00, a quick ratio of 0.57 and a debt-to-equity ratio of 0.47. Kraft Heinz has a 52-week low of $48.51 and a 52-week high of $80.67.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Friday, November 16th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 5.13%. The ex-dividend date of this dividend is Thursday, November 15th. Kraft Heinz’s dividend payout ratio (DPR) is presently 70.42%.

Institutional investors and hedge funds have recently bought and sold shares of the company. Mainstay Capital Management LLC ADV raised its stake in shares of Kraft Heinz by 441.8% during the 3rd quarter. Mainstay Capital Management LLC ADV now owns 1,257 shares of the company’s stock worth $368,000 after purchasing an additional 1,025 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Kraft Heinz by 133.5% during the 2nd quarter. Integrated Investment Consultants LLC now owns 1,688 shares of the company’s stock worth $106,000 after purchasing an additional 965 shares in the last quarter. Stevens First Principles Investment Advisors purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth about $108,000. CSat Investment Advisory L.P. purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth about $120,000. Finally, Blume Capital Management Inc. raised its stake in shares of Kraft Heinz by 166.7% during the 3rd quarter. Blume Capital Management Inc. now owns 2,080 shares of the company’s stock worth $115,000 after purchasing an additional 1,300 shares in the last quarter. 62.63% of the stock is owned by institutional investors.

About Kraft Heinz

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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