Zacks: Analysts Anticipate Kraft Heinz Co (KHC) Will Post Earnings of $0.90 Per Share
Equities research analysts predict that Kraft Heinz Co (NASDAQ:KHC) will announce earnings per share of $0.90 for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Kraft Heinz’s earnings. The highest EPS estimate is $0.93 and the lowest is $0.83. Kraft Heinz reported earnings of $0.98 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 8.2%. The company is expected to report its next earnings results on Wednesday, November 7th.
On average, analysts expect that Kraft Heinz will report full year earnings of $3.72 per share for the current financial year, with EPS estimates ranging from $3.66 to $3.80. For the next year, analysts expect that the company will report earnings of $3.92 per share, with EPS estimates ranging from $3.81 to $4.06. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that cover Kraft Heinz.
Kraft Heinz (NASDAQ:KHC) last released its earnings results on Friday, August 3rd. The company reported $1.00 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.08. Kraft Heinz had a net margin of 40.85% and a return on equity of 6.16%. The business had revenue of $6.69 billion during the quarter, compared to analysts’ expectations of $6.57 billion. During the same quarter last year, the company earned $0.98 earnings per share. The firm’s revenue was up .7% on a year-over-year basis.
In other news, EVP Eduardo Pelleissone sold 35,000 shares of the firm’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $63.85, for a total transaction of $2,234,750.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the firm’s stock in a transaction that occurred on Tuesday, August 7th. The stock was sold at an average price of $59.85, for a total transaction of $1,234,724,292.90. The disclosure for this sale can be found here. Company insiders own 26.81% of the company’s stock.
Several institutional investors have recently modified their holdings of the stock. Schnieders Capital Management LLC boosted its stake in Kraft Heinz by 3.2% in the first quarter. Schnieders Capital Management LLC now owns 27,688 shares of the company’s stock valued at $1,725,000 after acquiring an additional 866 shares during the last quarter. Captrust Financial Advisors boosted its stake in Kraft Heinz by 8.3% in the second quarter. Captrust Financial Advisors now owns 11,404 shares of the company’s stock valued at $716,000 after acquiring an additional 870 shares during the last quarter. Cibc Bank USA boosted its stake in Kraft Heinz by 5.5% in the second quarter. Cibc Bank USA now owns 16,638 shares of the company’s stock valued at $1,045,000 after acquiring an additional 872 shares during the last quarter. Chicago Partners Investment Group LLC boosted its stake in Kraft Heinz by 64.7% in the second quarter. Chicago Partners Investment Group LLC now owns 2,278 shares of the company’s stock valued at $143,000 after acquiring an additional 895 shares during the last quarter. Finally, World Asset Management Inc boosted its stake in Kraft Heinz by 2.5% in the second quarter. World Asset Management Inc now owns 36,493 shares of the company’s stock valued at $2,292,000 after acquiring an additional 903 shares during the last quarter. 62.84% of the stock is owned by institutional investors and hedge funds.
NASDAQ:KHC opened at $58.97 on Wednesday. Kraft Heinz has a 12-month low of $54.11 and a 12-month high of $82.48. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.05 and a quick ratio of 0.70. The stock has a market capitalization of $72.08 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 2.01 and a beta of 0.50.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 14th. Stockholders of record on Friday, August 17th were issued a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, August 16th. Kraft Heinz’s payout ratio is 70.42%.
Kraft Heinz Company Profile
The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.
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