Analysts Anticipate Kraft Heinz Co (KHC) to Post $0.95 Earnings Per Share
Equities analysts expect Kraft Heinz Co (NASDAQ:KHC) to post $0.95 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Kraft Heinz’s earnings, with the lowest EPS estimate coming in at $0.88 and the highest estimate coming in at $1.00. Kraft Heinz posted earnings of $0.91 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is expected to announce its next quarterly earnings results on Wednesday, February 21st.
According to Zacks, analysts expect that Kraft Heinz will report full-year earnings of $3.61 per share for the current year, with EPS estimates ranging from $3.53 to $3.65. For the next year, analysts expect that the firm will post earnings of $3.93 per share, with EPS estimates ranging from $3.81 to $4.20. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Kraft Heinz.
Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.83. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The company had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $6.33 billion. During the same quarter in the previous year, the firm earned $0.83 earnings per share. The firm’s quarterly revenue was up .7% on a year-over-year basis.
A number of research analysts recently issued reports on the stock. Morgan Stanley decreased their price target on shares of Kraft Heinz from $95.00 to $92.00 and set an “overweight” rating for the company in a research note on Friday, October 13th. Stifel Nicolaus reiterated a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Thursday, September 21st. Susquehanna Bancshares decreased their price target on shares of Kraft Heinz from $83.00 to $80.00 and set a “neutral” rating for the company in a research note on Thursday, November 2nd. Goldman Sachs Group downgraded shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $95.00 to $87.00 in a research note on Wednesday, October 4th. Finally, Credit Suisse Group reiterated an “outperform” rating and issued a $90.00 price target (down previously from $100.00) on shares of Kraft Heinz in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. Kraft Heinz currently has a consensus rating of “Buy” and an average target price of $92.49.
Kraft Heinz (NASDAQ:KHC) opened at $77.35 on Monday. Kraft Heinz has a 12 month low of $75.21 and a 12 month high of $97.77. The company has a quick ratio of 0.43, a current ratio of 0.77 and a debt-to-equity ratio of 0.48. The stock has a market cap of $94,230.00 and a P/E ratio of 24.10.
Hedge funds have recently added to or reduced their stakes in the business. Westside Investment Management Inc. increased its holdings in shares of Kraft Heinz by 16.6% in the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares during the period. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its holdings in shares of Kraft Heinz by 287.9% in the 2nd quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,280 shares of the company’s stock valued at $110,000 after acquiring an additional 950 shares during the period. Mountain Capital Investment Advisors Inc acquired a new position in shares of Kraft Heinz in the 2nd quarter valued at $121,000. Blue Chip Partners Inc. increased its holdings in shares of Kraft Heinz by 0.5% in the 2nd quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after acquiring an additional 8 shares during the period. Finally, GWM Advisors LLC acquired a new position in shares of Kraft Heinz in the 2nd quarter valued at $137,000. 62.02% of the stock is currently owned by institutional investors.
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Kraft Heinz Company Profile
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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