Analysts predict that Kraft Heinz Co (NASDAQ:KHC) will post sales of $6.99 billion for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Kraft Heinz’s earnings. The highest sales estimate is $7.04 billion and the lowest is $6.93 billion. Kraft Heinz reported sales of $6.88 billion in the same quarter last year, which would suggest a positive year over year growth rate of 1.6%. The firm is expected to issue its next earnings report on Friday, February 15th.

On average, analysts expect that Kraft Heinz will report full-year sales of $26.35 billion for the current financial year, with estimates ranging from $26.30 billion to $26.40 billion. For the next year, analysts expect that the firm will report sales of $26.56 billion, with estimates ranging from $26.21 billion to $26.90 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last released its quarterly earnings results on Thursday, November 1st. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.03). The firm had revenue of $6.38 billion for the quarter, compared to analyst estimates of $6.31 billion. Kraft Heinz had a return on equity of 6.62% and a net margin of 39.56%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.83 EPS.

Several research analysts have recently issued reports on KHC shares. Zacks Investment Research downgraded Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. BidaskClub downgraded Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. ValuEngine raised Kraft Heinz from a “strong sell” rating to a “sell” rating in a research note on Friday, October 19th. Morgan Stanley started coverage on Kraft Heinz in a research note on Monday, September 17th. They set an “underweight” rating and a $52.00 price target for the company. Finally, Credit Suisse Group raised Kraft Heinz to a “hold” rating and set a $52.00 price target for the company in a research note on Thursday, October 4th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $66.89.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Pittenger & Anderson Inc. grew its holdings in shares of Kraft Heinz by 80.7% during the 3rd quarter. Pittenger & Anderson Inc. now owns 28,410 shares of the company’s stock worth $1,566,000 after purchasing an additional 12,685 shares during the period. Wells Fargo & Company MN grew its holdings in shares of Kraft Heinz by 5.6% during the 3rd quarter. Wells Fargo & Company MN now owns 2,653,238 shares of the company’s stock worth $146,220,000 after purchasing an additional 141,717 shares during the period. Tredje AP fonden grew its holdings in shares of Kraft Heinz by 69.9% during the 2nd quarter. Tredje AP fonden now owns 128,756 shares of the company’s stock worth $8,088,000 after purchasing an additional 52,959 shares during the period. Loudon Investment Management LLC purchased a new stake in shares of Kraft Heinz during the 2nd quarter worth about $2,713,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Kraft Heinz by 4.5% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 2,208,820 shares of the company’s stock worth $138,759,000 after purchasing an additional 94,749 shares during the period. Institutional investors own 62.63% of the company’s stock.

Shares of NASDAQ:KHC traded down $0.81 during midday trading on Wednesday, hitting $48.71. 4,981,687 shares of the stock were exchanged, compared to its average volume of 5,338,385. The company has a market capitalization of $60.39 billion, a PE ratio of 13.72, a price-to-earnings-growth ratio of 2.21 and a beta of 0.45. The company has a quick ratio of 0.57, a current ratio of 1.00 and a debt-to-equity ratio of 0.47. Kraft Heinz has a twelve month low of $48.51 and a twelve month high of $80.67.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Investors of record on Friday, November 16th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 5.13%. The ex-dividend date is Thursday, November 15th. Kraft Heinz’s payout ratio is 70.42%.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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