$375.29 Million in Sales Expected for Papa John’s Int’l, Inc. (PZZA) This Quarter

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Equities research analysts expect Papa John’s Int’l, Inc. (NASDAQ:PZZA) to post $375.29 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Papa John’s Int’l’s earnings, with the highest sales estimate coming in at $402.76 million and the lowest estimate coming in at $347.81 million. Papa John’s Int’l reported sales of $467.61 million during the same quarter last year, which indicates a negative year over year growth rate of 19.7%. The company is scheduled to report its next earnings results on Tuesday, February 26th.

On average, analysts expect that Papa John’s Int’l will report full-year sales of $1.57 billion for the current year, with estimates ranging from $1.55 billion to $1.60 billion. For the next financial year, analysts forecast that the business will report sales of $1.55 billion, with estimates ranging from $1.55 billion to $1.56 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The company had revenue of $364.01 million during the quarter, compared to analysts’ expectations of $390.62 million. Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 27.98%. Papa John’s Int’l’s revenue for the quarter was down 15.7% on a year-over-year basis. During the same quarter last year, the company earned $0.60 earnings per share.

A number of research firms have recently issued reports on PZZA. Longbow Research upped their price target on Papa John’s Int’l from $52.00 to $61.00 and gave the company a “buy” rating in a research report on Monday, October 15th. Stifel Nicolaus upped their price target on Papa John’s Int’l from $38.00 to $48.00 and gave the company a “hold” rating in a research report on Thursday, October 11th. BidaskClub lowered Papa John’s Int’l from a “hold” rating to a “sell” rating in a research report on Tuesday, January 1st. Zacks Investment Research reiterated a “hold” rating on shares of Papa John’s Int’l in a research report on Wednesday, November 14th. Finally, ValuEngine lowered Papa John’s Int’l from a “buy” rating to a “hold” rating in a research report on Friday, December 28th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $59.17.

A number of institutional investors have recently modified their holdings of the stock. Rhumbline Advisers grew its position in Papa John’s Int’l by 49.1% in the fourth quarter. Rhumbline Advisers now owns 80,827 shares of the company’s stock worth $3,218,000 after acquiring an additional 26,623 shares during the period. KBC Group NV grew its position in Papa John’s Int’l by 2.6% in the fourth quarter. KBC Group NV now owns 47,156 shares of the company’s stock worth $1,877,000 after acquiring an additional 1,183 shares during the period. Deprince Race & Zollo Inc. acquired a new position in Papa John’s Int’l during the fourth quarter worth $25,698,000. Virtu Financial LLC acquired a new position in Papa John’s Int’l during the fourth quarter worth $412,000. Finally, Lombard Odier Asset Management USA Corp acquired a new position in Papa John’s Int’l during the third quarter worth $1,282,000. Institutional investors own 80.32% of the company’s stock.

Shares of PZZA stock traded up $0.15 during trading hours on Friday, reaching $42.29. The company had a trading volume of 621,127 shares, compared to its average volume of 652,816. The firm has a market capitalization of $1.34 billion, a PE ratio of 16.13, a price-to-earnings-growth ratio of 2.20 and a beta of 0.43. Papa John’s Int’l has a 12-month low of $38.05 and a 12-month high of $65.45.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Monday, February 11th will be given a $0.225 dividend. The ex-dividend date is Friday, February 8th. This represents a $0.90 annualized dividend and a yield of 2.13%. Papa John’s Int’l’s payout ratio is 34.35%.

About Papa John’s Int’l

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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