Wall Street brokerages predict that Kraft Heinz Co (NASDAQ:KHC) will post sales of $6.41 billion for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Kraft Heinz’s earnings. The highest sales estimate is $6.56 billion and the lowest is $6.34 billion. Kraft Heinz reported sales of $6.36 billion in the same quarter last year, which would indicate a positive year over year growth rate of 0.8%. The firm is expected to report its next earnings report on Wednesday, May 2nd.
According to Zacks, analysts expect that Kraft Heinz will report full year sales of $6.41 billion for the current financial year, with estimates ranging from $26.43 billion to $26.95 billion. For the next year, analysts anticipate that the firm will report sales of $27.13 billion per share, with estimates ranging from $26.72 billion to $27.72 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research firms that that provide coverage for Kraft Heinz.
Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings data on Friday, February 16th. The company reported $0.90 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.96 by ($0.06). The business had revenue of $6.88 billion during the quarter, compared to analyst estimates of $6.91 billion. Kraft Heinz had a net margin of 41.93% and a return on equity of 7.20%. The company’s quarterly revenue was up .3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.08 earnings per share.
Kraft Heinz (NASDAQ:KHC) traded up $0.24 on Thursday, reaching $67.23. 4,887,604 shares of the company’s stock traded hands, compared to its average volume of 5,700,000. The company has a current ratio of 0.72, a quick ratio of 0.44 and a debt-to-equity ratio of 0.43. The firm has a market capitalization of $81,940.00 and a price-to-earnings ratio of 20.62. Kraft Heinz has a 12 month low of $66.36 and a 12 month high of $93.88.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 23rd. Shareholders of record on Friday, March 9th will be paid a $0.625 dividend. This represents a $2.50 annualized dividend and a yield of 3.72%. The ex-dividend date of this dividend is Thursday, March 8th. Kraft Heinz’s dividend payout ratio (DPR) is 76.69%.
Institutional investors have recently modified their holdings of the business. Westside Investment Management Inc. lifted its position in shares of Kraft Heinz by 16.6% during the 2nd quarter. Westside Investment Management Inc. now owns 1,209 shares of the company’s stock valued at $100,000 after acquiring an additional 172 shares during the period. We Are One Seven LLC bought a new position in Kraft Heinz during the fourth quarter worth about $107,000. Rational Advisors LLC bought a new position in Kraft Heinz during the fourth quarter worth about $117,000. Mountain Capital Investment Advisors Inc bought a new position in Kraft Heinz during the second quarter worth about $121,000. Finally, Cerebellum GP LLC bought a new position in Kraft Heinz during the fourth quarter worth about $124,000. Institutional investors and hedge funds own 62.53% of the company’s stock.
About Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.
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