Pinnacle Foods Inc (PF) Expected to Post Quarterly Sales of $909.26 Million
Wall Street brokerages predict that Pinnacle Foods Inc (NYSE:PF) will announce sales of $909.26 million for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Pinnacle Foods’ earnings, with estimates ranging from $894.59 million to $930.00 million. Pinnacle Foods posted sales of $858.48 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is scheduled to report its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that Pinnacle Foods will report full-year sales of $909.26 million for the current financial year, with estimates ranging from $3.15 billion to $3.19 billion. For the next fiscal year, analysts expect that the company will report sales of $3.16 billion per share, with estimates ranging from $3.13 billion to $3.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that follow Pinnacle Foods.
A number of research firms have weighed in on PF. Credit Suisse Group set a $67.00 price objective on Pinnacle Foods and gave the company a “buy” rating in a research note on Wednesday, January 10th. Buckingham Research cut their price target on Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research note on Friday, October 27th. Finally, Zacks Investment Research upgraded Pinnacle Foods from a “hold” rating to a “buy” rating and set a $64.00 price target for the company in a research note on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eleven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $65.27.
Pinnacle Foods (NYSE PF) traded down $0.43 during midday trading on Friday, hitting $58.58. The company’s stock had a trading volume of 946,779 shares, compared to its average volume of 1,404,895. The stock has a market cap of $6,919.60, a price-to-earnings ratio of 39.93, a P/E/G ratio of 2.65 and a beta of 0.34. Pinnacle Foods has a twelve month low of $52.81 and a twelve month high of $66.67. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 10th. Investors of record on Tuesday, December 19th were paid a $0.325 dividend. The ex-dividend date was Monday, December 18th. This represents a $1.30 annualized dividend and a dividend yield of 2.22%. Pinnacle Foods’s dividend payout ratio is presently 87.84%.
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Pinnacle Foods Company Profile
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.
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