Zacks: Analysts Anticipate The Kraft Heinz Company (NASDAQ:KHC) to Post $0.68 EPS

Wall Street analysts expect The Kraft Heinz Company (NASDAQ:KHCGet Rating) to post earnings of $0.68 per share for the current fiscal quarter, according to Zacks Investment Research. Six analysts have issued estimates for Kraft Heinz’s earnings. The lowest EPS estimate is $0.63 and the highest is $0.71. Kraft Heinz posted earnings of $0.78 per share during the same quarter last year, which suggests a negative year over year growth rate of 12.8%. The firm is scheduled to announce its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Kraft Heinz will report full-year earnings of $2.69 per share for the current fiscal year, with EPS estimates ranging from $2.56 to $2.78. For the next fiscal year, analysts expect that the company will post earnings of $2.79 per share, with EPS estimates ranging from $2.70 to $2.88. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that follow Kraft Heinz.

Kraft Heinz (NASDAQ:KHCGet Rating) last posted its earnings results on Wednesday, April 27th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.53 by $0.07. The business had revenue of $6.05 billion for the quarter, compared to analysts’ expectations of $5.81 billion. Kraft Heinz had a net margin of 4.77% and a return on equity of 6.95%. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.72 EPS.

A number of equities analysts have weighed in on KHC shares. Morgan Stanley upped their target price on Kraft Heinz from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 11th. Credit Suisse Group upped their price objective on shares of Kraft Heinz from $36.00 to $38.00 and gave the stock an “underperform” rating in a research report on Wednesday, February 23rd. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Kraft Heinz from $46.00 to $47.00 and gave the company a “buy” rating in a research report on Wednesday, February 23rd. BMO Capital Markets increased their price target on shares of Kraft Heinz from $41.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday. Finally, TheStreet raised shares of Kraft Heinz from a “c+” rating to a “b” rating in a report on Monday, March 28th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Kraft Heinz presently has a consensus rating of “Hold” and a consensus target price of $40.56.

A number of hedge funds have recently modified their holdings of KHC. Versant Capital Management Inc increased its stake in Kraft Heinz by 910.7% in the 1st 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. grew its holdings in shares of Kraft Heinz by 17.6% in the first quarter. Whittier Trust Co. now owns 23,219 shares of the company’s stock worth $915,000 after purchasing an additional 3,475 shares during the last quarter. Focused Wealth Management Inc increased its stake 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 worth $30,000 after buying an additional 387 shares during the period. Gladius Capital Management LP raised its holdings in Kraft Heinz by 17.0% during the 1st quarter. Gladius Capital Management LP now owns 14,161 shares of the company’s stock valued at $558,000 after buying an additional 2,057 shares during the last quarter. Finally, Daiwa Securities Group Inc. boosted its position in Kraft Heinz by 11.1% during the 1st quarter. Daiwa Securities Group Inc. now owns 82,668 shares of the company’s stock valued at $3,256,000 after buying an additional 8,228 shares during the period. Institutional investors own 63.09% of the company’s stock.

Shares of KHC stock opened at $42.63 on Monday. The company has a market capitalization of $52.22 billion, a PE ratio of 43.06, a price-to-earnings-growth ratio of 3.21 and a beta of 0.98. Kraft Heinz has a 52-week low of $32.78 and a 52-week high of $44.95. The business’s fifty day moving average is $40.06 and its 200 day moving average is $37.44. 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 business also recently disclosed a quarterly dividend, which will be paid on Friday, June 24th. Stockholders of record on Friday, May 27th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, May 26th. This represents a $1.60 annualized dividend and a dividend yield of 3.75%. Kraft Heinz’s dividend payout ratio is currently 161.62%.

About Kraft Heinz (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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