Kraft Heinz (NASDAQ:KHC – Get Free Report) will issue its quarterly earnings data before the market opens on Wednesday, May 1st. Analysts expect the company to announce earnings of $0.68 per share for the quarter. Kraft Heinz has set its FY24 guidance at $3.01-3.07 EPS and its FY 2024 guidance at 3.010-3.070 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Kraft Heinz (NASDAQ:KHC – Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.77 by $0.01. Kraft Heinz had a net margin of 10.72% and a return on equity of 7.42%. The company had revenue of $6.86 billion during the quarter, compared to analysts’ expectations of $6.99 billion. During the same period in the previous year, the company earned $0.85 EPS. The business’s quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts expect Kraft Heinz to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.
Kraft Heinz Stock Down 0.2 %
Shares of NASDAQ KHC opened at $38.07 on Wednesday. Kraft Heinz has a 52-week low of $30.68 and a 52-week high of $41.47. The firm has a fifty day moving average of $35.98 and a 200-day moving average of $35.48. The stock has a market capitalization of $46.28 billion, a PE ratio of 16.48, a P/E/G ratio of 2.98 and a beta of 0.67. The company has a quick ratio of 0.54, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.
Kraft Heinz Announces Dividend
Analyst Ratings Changes
KHC has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Kraft Heinz from $38.00 to $37.00 and set an “equal weight” rating for the company in a research report on Thursday, February 15th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kraft Heinz from $42.00 to $43.00 and gave the stock a “buy” rating in a research report on Thursday, April 18th. Citigroup initiated coverage on shares of Kraft Heinz in a research report on Thursday, February 1st. They set a “buy” rating and a $43.00 price target for the company. Finally, Bank of America upped their price target on shares of Kraft Heinz from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Monday, April 15th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.57.
Check Out Our Latest Stock Report on Kraft Heinz
Kraft Heinz Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
Read More
- Five stocks we like better than Kraft Heinz
- What Are Dividends? Buy the Best Dividend Stocks
- Charles Schwab Fortifies its Uptrend on EPS Beat
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Lockheed Martin Stock Aims for a Fresh All-Time High
- How to Use High Beta Stocks to Maximize Your Investing Profits
- Beyond the Halving: The Future of Bitcoin Mining Stocks
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.