Analysts Expect The Kraft Heinz Company (NASDAQ:KHC) Will Announce Earnings of $0.68 Per Share

Equities analysts forecast that The Kraft Heinz Company (NASDAQ:KHCGet Rating) will announce earnings of $0.68 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Kraft Heinz’s earnings, with estimates ranging from $0.63 to $0.71. Kraft Heinz reported earnings of $0.78 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 12.8%. The firm is expected to report its next quarterly earnings report on Monday, January 1st.

On average, analysts expect that Kraft Heinz will report full-year earnings of $2.69 per share for the current financial year, with EPS estimates ranging from $2.56 to $2.78. For the next fiscal year, analysts anticipate that the company will post earnings of $2.79 per share, with EPS estimates ranging from $2.70 to $2.88. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Kraft Heinz.

Kraft Heinz (NASDAQ:KHCGet Rating) last announced its quarterly earnings data on Wednesday, April 27th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.07. The firm had revenue of $6.05 billion during the quarter, compared to analyst estimates of $5.81 billion. Kraft Heinz had a return on equity of 6.95% and a net margin of 4.77%. The business’s quarterly revenue was down 5.5% compared to the same quarter last year. During the same period last year, the company posted $0.72 EPS.

A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Kraft Heinz from a “sell” rating to a “hold” rating and set a $40.00 target price for the company in a research note on Monday, January 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on Kraft Heinz from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. Credit Suisse Group raised their price target on Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research note on Wednesday, February 23rd. BMO Capital Markets boosted their price target on Kraft Heinz from $41.00 to $46.00 and gave the company a “hold” rating in a research note on Thursday. Finally, TheStreet raised shares of Kraft Heinz from a “c+” rating to a “b” rating in a research report on Monday, March 28th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.56.

Institutional investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of Kraft Heinz by 910.7% in the first quarter. Versant Capital Management Inc now owns 1,223 shares of the company’s stock worth $48,000 after purchasing an additional 1,102 shares during the period. Whittier Trust Co. lifted its holdings in shares of Kraft Heinz by 17.6% during the first quarter. Whittier Trust Co. now owns 23,219 shares of the company’s stock worth $915,000 after buying an additional 3,475 shares during the last quarter. Focused Wealth Management Inc boosted its position in shares of Kraft Heinz by 100.5% in the first quarter. Focused Wealth Management Inc now owns 772 shares of the company’s stock valued at $30,000 after acquiring an additional 387 shares during the period. Gladius Capital Management LP grew its stake in shares of Kraft Heinz by 17.0% in the first quarter. Gladius Capital Management LP now owns 14,161 shares of the company’s stock worth $558,000 after acquiring an additional 2,057 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Kraft Heinz by 11.1% during the first quarter. Daiwa Securities Group Inc. now owns 82,668 shares of the company’s stock worth $3,256,000 after acquiring an additional 8,228 shares during the period. 63.09% of the stock is owned by hedge funds and other institutional investors.

Shares of KHC opened at $42.63 on Monday. The company has a market capitalization of $52.22 billion, a PE ratio of 43.06, a PEG ratio of 3.21 and a beta of 0.98. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.69 and a current ratio of 1.02. The company’s 50 day moving average price is $40.06 and its 200 day moving average price is $37.44. Kraft Heinz has a 52 week low of $32.78 and a 52 week high of $44.95.

The company also recently declared a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date of this dividend is Thursday, May 26th. Kraft Heinz’s dividend payout ratio is 161.62%.

Kraft Heinz Company Profile (Get Rating)

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in the United States, Canada, the United Kingdom, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products.

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

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