General Mills, Inc. (GIS) Issues FY18 Earnings Guidance
General Mills, Inc. (NYSE:GIS) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.12-3.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.10.
General Mills, Inc. (NYSE:GIS) opened at 51.69 on Friday. The firm has a 50-day moving average price of $55.75 and a 200 day moving average price of $56.75. General Mills, Inc. has a 12 month low of $51.39 and a 12 month high of $65.57. The company has a market cap of $29.83 billion, a P/E ratio of 18.66 and a beta of 0.62.
General Mills (NYSE:GIS) last issued its earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.76 by ($0.05). General Mills had a return on equity of 39.82% and a net margin of 10.68%. The business had revenue of $3.77 billion during the quarter, compared to the consensus estimate of $3.79 billion. During the same period in the prior year, the business earned $0.78 EPS. The business’s revenue was down 3.6% on a year-over-year basis. Equities research analysts predict that General Mills, Inc. will post $3.10 EPS for the current year.
GIS has been the topic of a number of recent analyst reports. Vetr raised General Mills from a hold rating to a buy rating and set a $57.82 price target on the stock in a report on Tuesday, June 27th. BidaskClub upgraded shares of General Mills from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Zacks Investment Research upgraded shares of General Mills from a hold rating to a buy rating and set a $62.00 price objective on the stock in a research note on Friday, September 15th. Citigroup Inc. reiterated a buy rating and set a $67.00 price objective on shares of General Mills in a research note on Thursday. Finally, Morgan Stanley reiterated an equal weight rating and set a $55.00 price objective (down previously from $58.00) on shares of General Mills in a research note on Sunday, June 25th. Four equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $58.32.
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About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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