General Mills (NYSE:GIS) is set to announce its earnings results before the market opens on Wednesday, December 18th. Analysts expect the company to announce earnings of $0.89 per share for the quarter. General Mills has set its FY 2020 guidance at $3.32-3.38 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, September 18th. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.77 by $0.02. The firm had revenue of $4 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 27.38% and a net margin of 11.21%. General Mills’s quarterly revenue was down 2.2% on a year-over-year basis. During the same period last year, the business posted $0.71 EPS. On average, analysts expect General Mills to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
General Mills stock opened at $53.24 on Wednesday. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.37 and a current ratio of 0.62. The stock has a fifty day moving average of $52.29 and a two-hundred day moving average of $53.15. The company has a market capitalization of $32.18 billion, a price-to-earnings ratio of 16.53, a PEG ratio of 2.26 and a beta of 0.72. General Mills has a fifty-two week low of $36.42 and a fifty-two week high of $56.40.
Several equities analysts have weighed in on the company. Credit Suisse Group reissued a “hold” rating and set a $56.00 price target on shares of General Mills in a research report on Thursday, September 12th. Stifel Nicolaus raised their price target on General Mills from $52.00 to $54.00 and gave the stock a “hold” rating in a research report on Thursday, September 19th. Barclays reissued a “hold” rating and set a $55.00 price target on shares of General Mills in a research report on Friday, September 20th. Zacks Investment Research raised General Mills from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Thursday, August 22nd. Finally, Royal Bank of Canada assumed coverage on General Mills in a research report on Thursday, October 17th. They set a “sector perform” rating and a $57.00 price target for the company. Two analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. General Mills has a consensus rating of “Hold” and an average target price of $53.82.
In other news, insider Kofi A. Bruce sold 15,582 shares of the firm’s stock in a transaction on Friday, September 20th. The stock was sold at an average price of $54.33, for a total transaction of $846,570.06. Following the sale, the insider now owns 35,487 shares in the company, valued at $1,928,008.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Jonathon Nudi sold 18,951 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $54.52, for a total value of $1,033,208.52. Following the sale, the insider now owns 81,656 shares in the company, valued at approximately $4,451,885.12. The disclosure for this sale can be found here. 0.52% of the stock is owned by company insiders.
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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