WK Kellogg (KLG) Set to Announce Quarterly Earnings on Tuesday

WK Kellogg (NYSE:KLG) will be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. WK Kellogg has set its FY 2024 guidance at EPS.Parties that wish to listen to the company’s conference call can do so using this link.

WK Kellogg (NYSE:KLG) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). The company had revenue of $651.00 million during the quarter, compared to analysts’ expectations of $645.87 million. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. On average, analysts expect WK Kellogg to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WK Kellogg Trading Down 2.4 %

WK Kellogg stock opened at $23.20 on Friday. WK Kellogg has a one year low of $9.65 and a one year high of $24.63. The business has a fifty day moving average of $19.05 and a two-hundred day moving average of $14.66. The company has a debt-to-equity ratio of 1.62, a current ratio of 0.84 and a quick ratio of 0.43.

WK Kellogg Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Friday, May 31st.

Analysts Set New Price Targets

Several brokerages have weighed in on KLG. Stifel Nicolaus upped their target price on shares of WK Kellogg from $13.00 to $20.00 and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays upped their price target on WK Kellogg from $12.00 to $15.00 and gave the stock an “underweight” rating in a report on Friday, April 12th. Two analysts have rated the stock with a sell rating and eight have assigned a hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $13.45.

About WK Kellogg

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.