Equities research analysts expect Papa John's Int'l, Inc. (NASDAQ:PZZA) to announce sales of $469.10 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Papa John's Int'l’s earnings. The lowest sales estimate is $461.72 million and the highest is $476.48 million. Papa John's Int'l posted sales of $439.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.7%. The business is scheduled to report its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Papa John's Int'l will report full year sales of $469.10 million for the current financial year, with estimates ranging from $1.78 billion to $1.79 billion. For the next fiscal year, analysts forecast that the firm will report sales of $1.81 billion per share. Zacks’ sales averages are an average based on a survey of research firms that cover Papa John's Int'l.

Papa John's Int'l (NASDAQ:PZZA) last announced its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.61 by ($0.01). Papa John's Int'l had a return on equity of 4,321.08% and a net margin of 6.12%. The business had revenue of $431.70 million for the quarter, compared to analyst estimates of $427.23 million. During the same quarter last year, the company posted $0.57 EPS. Papa John's Int'l’s quarterly revenue was up 2.2% on a year-over-year basis.

Several equities research analysts have recently weighed in on the stock. Deutsche Bank assumed coverage on shares of Papa John's Int'l in a research note on Monday. They set a “hold” rating and a $63.00 target price for the company. Zacks Investment Research downgraded shares of Papa John's Int'l from a “buy” rating to a “hold” rating in a research note on Tuesday, September 26th. Stifel Nicolaus began coverage on shares of Papa John's Int'l in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 price objective for the company. TheStreet downgraded shares of Papa John's Int'l from a “b” rating to a “c+” rating in a research report on Tuesday, October 31st. Finally, Jefferies Group restated a “hold” rating and issued a $65.00 price objective on shares of Papa John's Int'l in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $77.90.

In other news, Director Wayne Kent Taylor acquired 8,860 shares of Papa John's Int'l stock in a transaction that occurred on Thursday, November 9th. The stock was purchased at an average price of $57.53 per share, for a total transaction of $509,715.80. Following the completion of the transaction, the director now directly owns 30,822 shares in the company, valued at $1,773,189.66. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 27.70% of the stock is owned by company insiders.

A number of institutional investors have recently modified their holdings of PZZA. Trexquant Investment LP purchased a new position in Papa John's Int'l in the second quarter valued at about $201,000. Arizona State Retirement System increased its holdings in Papa John's Int'l by 1.8% in the second quarter. Arizona State Retirement System now owns 11,200 shares of the company’s stock valued at $804,000 after buying an additional 200 shares in the last quarter. SG Americas Securities LLC increased its holdings in Papa John's Int'l by 237.4% in the second quarter. SG Americas Securities LLC now owns 8,678 shares of the company’s stock valued at $623,000 after buying an additional 6,106 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in Papa John's Int'l by 4.4% in the second quarter. Bank of New York Mellon Corp now owns 491,785 shares of the company’s stock valued at $35,291,000 after buying an additional 20,926 shares in the last quarter. Finally, Legal & General Group Plc increased its holdings in Papa John's Int'l by 20.2% in the second quarter. Legal & General Group Plc now owns 20,714 shares of the company’s stock valued at $1,489,000 after buying an additional 3,485 shares in the last quarter. 84.23% of the stock is owned by institutional investors.

Shares of Papa John's Int'l (PZZA) opened at $57.71 on Tuesday. Papa John's Int'l has a 12 month low of $55.05 and a 12 month high of $90.49. The firm has a market cap of $2,020.00, a PE ratio of 20.98, a PEG ratio of 1.60 and a beta of 0.40. The company has a current ratio of 1.21, a quick ratio of 1.01 and a debt-to-equity ratio of -8.26.

COPYRIGHT VIOLATION WARNING: “Papa John's Int'l, Inc. (PZZA) Expected to Announce Quarterly Sales of $469.10 Million” was published by Watch List News and is the sole property of of Watch List News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this news story can be read at https://www.watchlistnews.com/papa-johns-intl-inc-pzza-expected-to-announce-quarterly-sales-of-469-10-million/1772405.html.

About Papa John's Int'l

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Get a free copy of the Zacks research report on Papa John's Int'l (PZZA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Papa John's Int'l (NASDAQ:PZZA)

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.