Wall Street analysts expect General Mills, Inc. (NYSE:GIS) to post earnings of $0.82 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for General Mills’ earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.84. General Mills also posted earnings of $0.82 per share in the same quarter last year. The company is scheduled to announce its next quarterly earnings results on Wednesday, December 19th.

According to Zacks, analysts expect that General Mills will report full year earnings of $3.07 per share for the current year, with EPS estimates ranging from $3.01 to $3.11. For the next financial year, analysts expect that the business will report earnings of $3.27 per share, with EPS estimates ranging from $3.18 to $3.40. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that follow General Mills.

General Mills (NYSE:GIS) last issued its quarterly earnings data on Tuesday, September 18th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.07. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.12 billion. General Mills had a return on equity of 31.84% and a net margin of 13.19%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.71 earnings per share.

Several research analysts have recently commented on the company. Morgan Stanley lowered their price target on General Mills from $48.00 to $47.00 and set a “hold” rating for the company in a research report on Thursday. Credit Suisse Group set a $46.00 price target on General Mills and gave the stock a “hold” rating in a research report on Wednesday. UBS Group set a $46.00 price target on General Mills and gave the stock a “hold” rating in a research report on Wednesday. Piper Jaffray Companies set a $47.00 price target on General Mills and gave the stock a “hold” rating in a research report on Wednesday. Finally, ValuEngine lowered General Mills from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 18th. Two research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and four have assigned a buy rating to the company. General Mills presently has a consensus rating of “Hold” and an average target price of $50.29.

In other news, Director Heidi Miller sold 13,204 shares of the stock in a transaction on Tuesday, July 31st. The stock was sold at an average price of $45.77, for a total value of $604,347.08. Following the sale, the director now directly owns 82,295 shares in the company, valued at $3,766,642.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Maria Sastre acquired 1,000 shares of General Mills stock in a transaction dated Monday, August 20th. The stock was bought at an average price of $47.37 per share, for a total transaction of $47,370.00. Following the completion of the purchase, the director now owns 1,000 shares of the company’s stock, valued at approximately $47,370. The disclosure for this purchase can be found here. Over the last quarter, insiders sold 158,018 shares of company stock worth $7,114,487. Insiders own 1.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in GIS. Lee Financial Co raised its stake in shares of General Mills by 178.2% in the first quarter. Lee Financial Co now owns 2,504 shares of the company’s stock valued at $113,000 after acquiring an additional 1,604 shares in the last quarter. Institutional & Family Asset Management LLC acquired a new stake in General Mills in the first quarter valued at $115,000. Acadian Asset Management LLC acquired a new stake in General Mills in the second quarter valued at $115,000. Adviser Investments LLC raised its stake in General Mills by 158.7% in the second quarter. Adviser Investments LLC now owns 2,608 shares of the company’s stock valued at $115,000 after buying an additional 1,600 shares in the last quarter. Finally, CSat Investment Advisory L.P. acquired a new stake in General Mills in the second quarter valued at $118,000. Institutional investors and hedge funds own 70.60% of the company’s stock.

Shares of GIS traded up $0.09 during midday trading on Tuesday, hitting $44.46. 8,075,735 shares of the stock were exchanged, compared to its average volume of 4,641,420. General Mills has a 52-week low of $41.01 and a 52-week high of $60.69. The firm has a market cap of $26.51 billion, a P/E ratio of 14.30, a P/E/G ratio of 1.70 and a beta of 0.74. The company has a quick ratio of 0.34, a current ratio of 0.58 and a debt-to-equity ratio of 1.93.

General Mills Company Profile

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Earnings History and Estimates for General Mills (NYSE:GIS)

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