Krispy Kreme (DNUT) Scheduled to Post Quarterly Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect Krispy Kreme to post earnings of $0.07 per share for the quarter. Krispy Kreme has set its FY24 guidance at $0.27 to $0.31 EPS and its FY 2024 guidance at 0.270-0.310 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.04). Krispy Kreme had a negative net margin of 2.25% and a positive return on equity of 2.02%. The business had revenue of $450.90 million during the quarter, compared to the consensus estimate of $438.95 million. During the same period in the prior year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 11.4% on a year-over-year basis. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Stock Up 1.7 %

Shares of DNUT opened at $12.88 on Tuesday. The company has a quick ratio of 0.26, a current ratio of 0.33 and a debt-to-equity ratio of 0.66. Krispy Kreme has a 12 month low of $11.52 and a 12 month high of $17.84. The firm’s 50 day moving average is $13.42 and its 200-day moving average is $13.51.

Krispy Kreme Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 7th. Shareholders of record on Wednesday, July 24th will be issued a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, July 24th. This represents a $0.14 annualized dividend and a yield of 1.09%. Krispy Kreme’s dividend payout ratio is presently -63.64%.

Insiders Place Their Bets

In related news, Director Michael J. Tattersfield sold 100,000 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $12.82, for a total transaction of $1,282,000.00. Following the sale, the director now owns 2,936,940 shares of the company’s stock, valued at approximately $37,651,570.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 5.30% of the company’s stock.

Wall Street Analyst Weigh In

DNUT has been the topic of a number of recent analyst reports. Capital One Financial initiated coverage on Krispy Kreme in a research report on Monday, January 22nd. They issued an “equal weight” rating and a $16.00 price target on the stock. JPMorgan Chase & Co. dropped their target price on shares of Krispy Kreme from $14.00 to $13.00 and set a “neutral” rating for the company in a research report on Tuesday, March 19th. Piper Sandler upgraded shares of Krispy Kreme from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $14.00 to $20.00 in a research report on Friday, April 5th. Bank of America boosted their price objective on shares of Krispy Kreme from $16.00 to $19.00 and gave the company a “buy” rating in a research report on Monday, April 8th. Finally, Citigroup raised their target price on Krispy Kreme from $14.00 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, March 27th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $16.31.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.