Analysts Expect Utz Brands, Inc. (NYSE:UTZ) to Post $0.16 Earnings Per Share

Equities analysts expect Utz Brands, Inc. (NYSE:UTZ) to report earnings per share (EPS) of $0.16 for the current quarter, according to Zacks. Three analysts have provided estimates for Utz Brands’ earnings, with estimates ranging from $0.14 to $0.18. The business is expected to report its next earnings report on Thursday, November 11th.

According to Zacks, analysts expect that Utz Brands will report full-year earnings of $0.60 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.61. For the next fiscal year, analysts expect that the business will report earnings of $0.65 per share, with EPS estimates ranging from $0.55 to $0.72. Zacks’ EPS calculations are an average based on a survey of research firms that follow Utz Brands.

Utz Brands (NYSE:UTZ) last announced its quarterly earnings data on Wednesday, August 11th. The company reported $0.13 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.01). Utz Brands had a positive return on equity of 3.55% and a negative net margin of 1.68%.

Several research firms have recently issued reports on UTZ. Stephens decreased their target price on Utz Brands from $27.00 to $23.00 and set an “overweight” rating for the company in a research report on Friday, August 13th. The Goldman Sachs Group decreased their target price on Utz Brands from $25.00 to $20.50 and set a “neutral” rating for the company in a research report on Tuesday, August 24th. Finally, Zacks Investment Research lowered Utz Brands from a “hold” rating to a “sell” rating in a research report on Wednesday, June 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $25.96.

Shares of Utz Brands stock traded up $0.18 during trading on Thursday, hitting $18.53. 516,932 shares of the company were exchanged, compared to its average volume of 688,660. Utz Brands has a 1-year low of $16.60 and a 1-year high of $30.09. The firm’s fifty day moving average price is $20.70 and its 200 day moving average price is $23.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.71 and a quick ratio of 1.26.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 11th. Stockholders of record on Monday, September 20th will be issued a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 1.08%. The ex-dividend date of this dividend is Friday, September 17th.

In other news, Director John W. Altmeyer bought 5,000 shares of the business’s stock in a transaction on Monday, August 16th. The shares were purchased at an average price of $18.67 per share, for a total transaction of $93,350.00. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 17.32% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc lifted its stake in Utz Brands by 41.0% in the 2nd quarter. IFP Advisors Inc now owns 1,720 shares of the company’s stock valued at $38,000 after acquiring an additional 500 shares in the last quarter. M&T Bank Corp lifted its stake in Utz Brands by 3.9% in the 2nd quarter. M&T Bank Corp now owns 14,885 shares of the company’s stock valued at $324,000 after acquiring an additional 560 shares in the last quarter. Swiss National Bank lifted its stake in Utz Brands by 1.1% in the 1st quarter. Swiss National Bank now owns 101,800 shares of the company’s stock valued at $2,524,000 after acquiring an additional 1,100 shares in the last quarter. KB Financial Partners LLC acquired a new position in shares of Utz Brands during the 1st quarter worth approximately $34,000. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Utz Brands by 13.6% during the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 12,266 shares of the company’s stock worth $267,000 after purchasing an additional 1,464 shares during the last quarter. Hedge funds and other institutional investors own 41.21% of the company’s stock.

Utz Brands Company Profile

UTZ Brands, Inc manufactures, markets, and distributes branded snacking products. It offers a broad range of salty snacks, including potato chips, pretzels, cheese snacks, veggie snacks, pork skins and other snacks. The firm’s brands include Utz, Zapp’s, Golden Flake, Good Health, Boulder Canyon and Hawaiian.

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Earnings History and Estimates for Utz Brands (NYSE:UTZ)

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