$0.15 Earnings Per Share Expected for Utz Brands, Inc. (NYSE:UTZ) This Quarter


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Wall Street brokerages expect Utz Brands, Inc. (NYSE:UTZ) to announce $0.15 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Utz Brands’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.16. Utz Brands posted earnings of $0.03 per share during the same quarter last year, which indicates a positive year over year growth rate of 400%. The business is scheduled to announce its next quarterly earnings results on Friday, May 14th.

On average, analysts expect that Utz Brands will report full-year earnings of $0.71 per share for the current fiscal year, with EPS estimates ranging from $0.67 to $0.75. For the next year, analysts anticipate that the firm will post earnings of $0.80 per share, with EPS estimates ranging from $0.77 to $0.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that follow Utz Brands.

Utz Brands (NYSE:UTZ) last released its quarterly earnings data on Wednesday, March 17th. The company reported $0.33 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.24. The firm had revenue of $246.28 million during the quarter, compared to the consensus estimate of $242.20 million.

A number of equities analysts have recently commented on UTZ shares. Barclays restated a “buy” rating and issued a $26.00 price objective on shares of Utz Brands in a research report on Sunday, January 17th. The Goldman Sachs Group began coverage on shares of Utz Brands in a research note on Monday, December 21st. They issued a “neutral” rating on the stock. Piper Sandler raised their target price on shares of Utz Brands from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Wednesday, February 24th. Truist began coverage on shares of Utz Brands in a research note on Tuesday, March 23rd. They issued a “hold” rating and a $25.00 target price on the stock. Finally, Credit Suisse Group raised their target price on shares of Utz Brands from $22.00 to $25.00 and gave the company an “outperform” rating in a research note on Wednesday, January 20th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $26.14.

Hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC purchased a new position in shares of Utz Brands during the fourth quarter worth approximately $28,000. Steward Partners Investment Advisory LLC raised its stake in shares of Utz Brands by 114.3% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,500 shares of the company’s stock worth $33,000 after acquiring an additional 800 shares in the last quarter. First Horizon Corp purchased a new position in shares of Utz Brands during the fourth quarter worth approximately $82,000. BlackRock Inc. purchased a new position in shares of Utz Brands during the third quarter worth approximately $84,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank purchased a new position in shares of Utz Brands during the fourth quarter worth approximately $137,000. 34.61% of the stock is currently owned by hedge funds and other institutional investors.

Shares of UTZ stock traded up $0.11 during trading hours on Friday, reaching $25.65. The stock had a trading volume of 447,010 shares, compared to its average volume of 590,696. The stock’s fifty day simple moving average is $25.24 and its 200 day simple moving average is $21.85. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.79 and a quick ratio of 1.34. Utz Brands has a 12 month low of $10.20 and a 12 month high of $26.80.

The firm also recently declared a quarterly dividend, which will be paid on Monday, May 10th. Shareholders of record on Monday, April 19th will be paid a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Friday, April 16th.

About Utz Brands

Utz Brands, Inc manufacturers, markets, and distributes snacking products in the United States. It offers a range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, and TORTIYAHS brands.

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Earnings History and Estimates for Utz Brands (NYSE:UTZ)

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