General Mills (GIS) Posts Quarterly Earnings Results, Beats Expectations By $0.07 EPS
General Mills (NYSE:GIS) released its earnings results on Tuesday. The company reported $0.71 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.07, RTT News reports. General Mills had a net margin of 13.54% and a return on equity of 35.14%. The firm had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same quarter last year, the business earned $0.71 EPS. The business’s revenue was up 8.6% on a year-over-year basis.
NYSE GIS opened at $47.77 on Tuesday. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 1.95. The stock has a market cap of $28.46 billion, a price-to-earnings ratio of 15.36, a price-to-earnings-growth ratio of 1.84 and a beta of 0.74. General Mills has a one year low of $41.01 and a one year high of $60.69.
In other General Mills news, Director Maria Sastre bought 1,000 shares of the business’s stock in a transaction on Monday, August 20th. The shares were acquired at an average price of $47.37 per share, with a total value of $47,370.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $47,370. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kofi A. Bruce sold 2,200 shares of the firm’s stock in a transaction dated Friday, August 3rd. The shares were sold at an average price of $47.28, for a total transaction of $104,016.00. Following the transaction, the insider now directly owns 19,660 shares in the company, valued at approximately $929,524.80. The disclosure for this sale can be found here. Insiders have sold a total of 158,018 shares of company stock worth $7,114,487 in the last three months. Insiders own 0.59% of the company’s stock.
About General Mills
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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