Wall Street analysts expect that Kellogg (NYSE:K) will post earnings of $0.96 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Kellogg’s earnings, with the highest EPS estimate coming in at $0.98 and the lowest estimate coming in at $0.94. Kellogg posted earnings per share of $0.92 in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.3%. The business is scheduled to issue its next quarterly earnings report before the market opens on Thursday, February 8th.

According to Zacks, analysts expect that Kellogg will report full-year earnings of $4.02 per share for the current financial year, with EPS estimates ranging from $3.95 to $4.05. For the next financial year, analysts forecast that the company will post earnings of $4.29 per share, with EPS estimates ranging from $4.14 to $4.43. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for Kellogg.

Kellogg (NYSE:K) last released its quarterly earnings data on Tuesday, October 31st. The company reported $1.05 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.11. The firm had revenue of $3.27 billion during the quarter, compared to the consensus estimate of $3.22 billion. Kellogg had a return on equity of 73.92% and a net margin of 6.15%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share.

Several analysts recently weighed in on K shares. BMO Capital Markets restated a “hold” rating and issued a $78.00 price objective on shares of Kellogg in a report on Wednesday, September 6th. Piper Jaffray Companies downgraded shares of Kellogg from an “overweight” rating to a “neutral” rating and set a $78.00 target price for the company. in a report on Tuesday, September 19th. Bank of America reiterated an “underperform” rating and issued a $66.00 target price (down from $72.00) on shares of Kellogg in a report on Monday, October 9th. Morgan Stanley reduced their target price on shares of Kellogg from $70.00 to $66.00 and set an “equal weight” rating for the company in a report on Friday, October 13th. Finally, Royal Bank of Canada set a $81.00 target price on shares of Kellogg and gave the stock a “hold” rating in a report on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. Kellogg currently has a consensus rating of “Hold” and an average target price of $71.15.

In other news, Director Donald R. Knauss sold 6,846 shares of the business’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of $62.57, for a total transaction of $428,354.22. Following the sale, the director now owns 5,000 shares in the company, valued at $312,850. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman John A. Bryant sold 190,000 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $63.01, for a total value of $11,971,900.00. The disclosure for this sale can be found here. Insiders have sold 349,754 shares of company stock worth $22,304,119 in the last 90 days. Insiders own 1.30% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. CLS Investments LLC purchased a new stake in Kellogg in the third quarter valued at approximately $124,000. Koch Industries Inc. purchased a new stake in Kellogg in the second quarter valued at approximately $217,000. FDO Partners LLC purchased a new stake in Kellogg in the third quarter valued at approximately $219,000. Raab & Moskowitz Asset Management LLC purchased a new stake in Kellogg in the second quarter valued at approximately $222,000. Finally, Valeo Financial Advisors LLC purchased a new stake in Kellogg in the third quarter valued at approximately $224,000. Hedge funds and other institutional investors own 89.59% of the company’s stock.

Kellogg (NYSE:K) traded down $0.17 during mid-day trading on Friday, hitting $65.47. The company had a trading volume of 5,184,200 shares, compared to its average volume of 2,584,053. The company has a debt-to-equity ratio of 3.71, a current ratio of 0.68 and a quick ratio of 0.43. The company has a market capitalization of $22,676.82, a P/E ratio of 16.41, a P/E/G ratio of 2.65 and a beta of 0.52. Kellogg has a 12-month low of $58.76 and a 12-month high of $76.69.

Kellogg announced that its Board of Directors has authorized a share buyback program on Friday, December 15th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Friday, December 15th. Stockholders of record on Friday, December 1st were paid a dividend of $0.54 per share. The ex-dividend date was Thursday, November 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.30%. Kellogg’s payout ratio is 96.43%.

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About Kellogg

Kellogg Company is a manufacturer and marketer of ready-to-eat cereal and convenience foods. The Company’s principal products are ready-to-eat cereals and convenience foods, such as cookies, crackers, savory snacks, toaster pastries, cereal bars, fruit-flavored snacks, frozen waffles and veggie foods.

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Earnings History and Estimates for Kellogg (NYSE:K)

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