Danone S.A. Forecasted to Post FY2022 Earnings of $0.68 Per Share (OTCMKTS:DANOY)

Danone S.A. (OTCMKTS:DANOYGet Rating) – Stock analysts at Jefferies Financial Group raised their FY2022 earnings per share (EPS) estimates for Danone in a research note issued on Monday, June 20th. Jefferies Financial Group analyst M. Deboo now anticipates that the company will earn $0.68 per share for the year, up from their previous forecast of $0.67. The consensus estimate for Danone’s current full-year earnings is $0.68 per share. Jefferies Financial Group also issued estimates for Danone’s FY2023 earnings at $0.75 EPS, FY2024 earnings at $0.82 EPS, FY2025 earnings at $0.88 EPS and FY2026 earnings at $0.92 EPS.

Several other brokerages have also recently issued reports on DANOY. Sanford C. Bernstein cut Danone from an “outperform” rating to a “market perform” rating in a research report on Thursday, April 21st. Royal Bank of Canada increased their target price on Danone from €49.00 ($51.58) to €51.00 ($53.68) and gave the company a “sector perform” rating in a research report on Thursday, April 21st. Credit Suisse Group increased their target price on Danone from €54.00 ($56.84) to €56.00 ($58.95) and gave the company a “neutral” rating in a research report on Thursday, April 21st. Morgan Stanley increased their target price on Danone from €55.00 ($57.89) to €56.00 ($58.95) and gave the company an “equal weight” rating in a research report on Thursday, April 21st. Finally, Societe Generale raised Danone from a “sell” rating to a “buy” rating in a research report on Wednesday, March 9th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $55.75.

Shares of OTCMKTS:DANOY opened at $10.66 on Wednesday. Danone has a 52-week low of $10.21 and a 52-week high of $15.38. The business’s 50 day moving average is $11.59 and its 200 day moving average is $11.92. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.09 and a quick ratio of 0.91.

The firm also recently disclosed a dividend, which was paid on Thursday, June 2nd. Stockholders of record on Monday, May 9th were issued a dividend of $0.3279 per share. The ex-dividend date of this dividend was Friday, May 6th. This represents a dividend yield of 2.72%.

About Danone (Get Rating)

Danone SA operates in the food and beverage industry in Europe, Noram, Latin America, the Asia Pacific, Africa, and the Middle East. The company operates through three segments: Essential Dairy & Plant-Based, Specialized Nutrition, and Waters. It produces and distributes yogurts; milk products; coffee creamers, drinks, and beverages; plant-based products; and ice creams, desserts, and nutritional powdered protein products under the Actimel, Activia, Alpro, Aptamil, Danette, Danio, Danonino, evian, Nutricia, Nutrilon, Volvic, as well as under the licensed brands, including International Delight, Dunkin' Donuts, and Bailey's.

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Earnings History and Estimates for Danone (OTCMKTS:DANOY)

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