$0.57 Earnings Per Share Expected for Kraft Heinz Co (NASDAQ:KHC) This Quarter

Equities analysts expect that Kraft Heinz Co (NASDAQ:KHC) will post earnings of $0.57 per share for the current quarter, Zacks reports. Five analysts have made estimates for Kraft Heinz’s earnings, with estimates ranging from $0.53 to $0.63. Kraft Heinz posted earnings per share of $0.78 in the same quarter last year, which indicates a negative year-over-year growth rate of 26.9%. The firm is expected to announce its next earnings report on Thursday, November 7th.

According to Zacks, analysts expect that Kraft Heinz will report full year earnings of $2.71 per share for the current fiscal year, with EPS estimates ranging from $2.62 to $2.80. For the next fiscal year, analysts forecast that the firm will post earnings of $2.74 per share, with EPS estimates ranging from $2.66 to $2.80. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Thursday, August 8th. The company reported $0.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Kraft Heinz had a negative net margin of 43.40% and a positive return on equity of 6.06%. The firm had revenue of $5.96 billion for the quarter, compared to the consensus estimate of $6.07 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The company’s revenue for the quarter was down 5.5% on a year-over-year basis.

A number of brokerages recently weighed in on KHC. Zacks Investment Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 24th. UBS Group set a $30.00 target price on shares of Kraft Heinz and gave the company a “hold” rating in a research note on Friday, August 9th. Piper Jaffray Companies raised shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 target price on the stock in a research note on Friday, May 31st. Credit Suisse Group set a $26.00 target price on shares of Kraft Heinz and gave the company a “sell” rating in a research note on Friday, August 9th. Finally, BidaskClub downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Tuesday, August 13th. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and two have given a buy rating to the stock. Kraft Heinz presently has an average rating of “Hold” and an average target price of $36.45.

Several hedge funds have recently bought and sold shares of the business. Parsons Capital Management Inc. RI raised its stake in shares of Kraft Heinz by 3.3% during the first quarter. Parsons Capital Management Inc. RI now owns 10,387 shares of the company’s stock worth $339,000 after acquiring an additional 334 shares in the last quarter. Trust Co. of Vermont grew its holdings in shares of Kraft Heinz by 1.2% in the first quarter. Trust Co. of Vermont now owns 29,613 shares of the company’s stock worth $967,000 after purchasing an additional 343 shares during the last quarter. AGF Investments America Inc. grew its holdings in shares of Kraft Heinz by 1.8% in the second quarter. AGF Investments America Inc. now owns 19,364 shares of the company’s stock worth $601,000 after purchasing an additional 350 shares during the last quarter. Investment Management of Virginia LLC grew its holdings in shares of Kraft Heinz by 5.3% in the second quarter. Investment Management of Virginia LLC now owns 7,006 shares of the company’s stock worth $217,000 after purchasing an additional 350 shares during the last quarter. Finally, Close Asset Management Ltd grew its holdings in shares of Kraft Heinz by 6.4% in the second quarter. Close Asset Management Ltd now owns 6,003 shares of the company’s stock worth $186,000 after purchasing an additional 360 shares during the last quarter. 55.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Kraft Heinz stock traded up $0.30 on Monday, reaching $25.71. The stock had a trading volume of 6,873,904 shares, compared to its average volume of 10,369,984. Kraft Heinz has a 1 year low of $24.89 and a 1 year high of $61.68. The company has a market cap of $30.57 billion, a P/E ratio of 7.28, a price-to-earnings-growth ratio of 2.50 and a beta of 0.74. The company has a current ratio of 1.18, a quick ratio of 0.85 and a debt-to-equity ratio of 0.58. The business’s 50 day moving average is $30.03 and its two-hundred day moving average is $33.14.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Wednesday, August 21st will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Tuesday, August 20th. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.

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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Earnings History and Estimates for Kraft Heinz (NASDAQ:KHC)

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