Wall Street brokerages forecast that Utz Brands, Inc. (NYSE:UTZ – Get Rating) will report $309.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Utz Brands’ earnings. The highest sales estimate is $313.10 million and the lowest is $301.50 million. Utz Brands reported sales of $269.18 million in the same quarter last year, which would suggest a positive year over year growth rate of 14.8%. The firm is scheduled to issue its next earnings report before the market opens on Monday, January 1st.
On average, analysts expect that Utz Brands will report full year sales of $1.29 billion for the current fiscal year, with estimates ranging from $1.29 billion to $1.30 billion. For the next financial year, analysts anticipate that the firm will post sales of $1.34 billion, with estimates ranging from $1.34 billion to $1.35 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Utz Brands.
Utz Brands (NYSE:UTZ – Get Rating) last posted its quarterly earnings results on Thursday, March 3rd. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.04). Utz Brands had a return on equity of 5.40% and a net margin of 1.74%. The company had revenue of $300.90 million during the quarter, compared to analysts’ expectations of $297.66 million. During the same period last year, the company earned $0.33 earnings per share. Utz Brands’s revenue for the quarter was up 22.2% compared to the same quarter last year.
UTZ stock opened at $13.37 on Tuesday. The company has a 50 day moving average of $14.63 and a two-hundred day moving average of $15.55. The company has a market cap of $1.84 billion, a price-to-earnings ratio of 63.67 and a beta of 0.64. Utz Brands has a 12-month low of $13.06 and a 12-month high of $29.16. The company has a quick ratio of 1.06, a current ratio of 1.48 and a debt-to-equity ratio of 0.60.
The firm also recently declared a quarterly dividend, which was paid on Thursday, April 28th. Stockholders of record on Monday, April 18th were issued a dividend of $0.054 per share. The ex-dividend date was Thursday, April 14th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 1.62%. Utz Brands’s dividend payout ratio is currently 104.77%.
In other news, Director Antonio F. Fernandez bought 25,700 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The shares were purchased at an average price of $13.76 per share, for a total transaction of $353,632.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Ajay Kataria bought 7,000 shares of the company’s stock in a transaction that occurred on Monday, March 7th. The stock was purchased at an average price of $13.79 per share, for a total transaction of $96,530.00. The disclosure for this purchase can be found here. Insiders have bought a total of 48,399 shares of company stock worth $666,617 in the last 90 days. 17.26% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in UTZ. SG Americas Securities LLC acquired a new stake in Utz Brands in the 3rd quarter worth $393,000. Raymond James Financial Services Advisors Inc. grew its position in Utz Brands by 17.9% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 74,850 shares of the company’s stock worth $1,282,000 after purchasing an additional 11,338 shares during the last quarter. Deutsche Bank AG grew its position in Utz Brands by 183.9% in the 3rd quarter. Deutsche Bank AG now owns 145,757 shares of the company’s stock worth $2,497,000 after purchasing an additional 94,410 shares during the last quarter. Advisor Group Holdings Inc. grew its position in Utz Brands by 23.0% in the 3rd quarter. Advisor Group Holdings Inc. now owns 18,303 shares of the company’s stock worth $313,000 after purchasing an additional 3,428 shares during the last quarter. Finally, Moors & Cabot Inc. acquired a new stake in Utz Brands in the 3rd quarter worth $51,000. Hedge funds and other institutional investors own 44.28% of the company’s stock.
Utz Brands Company Profile (Get Rating)
Utz Brands, Inc operates as a snack food manufacturing company. It offers a range of salty snacks, including potato chips, kettle chips, tortilla chips, pretzels, cheese snacks, veggie snacks, pork skins, pub/party mixes, salsa and queso, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Good Health, Boulder Canyon, Hawaiian, TGIF, TORTIYAHS!, and other brand names.
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