Zacks: Brokerages Expect The Kraft Heinz Company (KHC) to Post $0.85 EPS

Wall Street brokerages expect The Kraft Heinz Company (NASDAQ:KHC) to post $0.85 earnings per share for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for The Kraft Heinz’s earnings, with the lowest EPS estimate coming in at $0.82 and the highest estimate coming in at $0.90. The Kraft Heinz posted earnings per share of $0.83 in the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The firm is expected to issue its next quarterly earnings report on Thursday, November 2nd.

According to Zacks, analysts expect that The Kraft Heinz will report full-year earnings of $3.68 per share for the current year, with EPS estimates ranging from $3.65 to $3.73. For the next year, analysts expect that the firm will post earnings of $3.98 per share, with EPS estimates ranging from $3.90 to $4.10. Zacks’ EPS averages are a mean average based on a survey of research analysts that cover The Kraft Heinz.

The Kraft Heinz (NASDAQ:KHC) last issued its earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.96 by $0.02. The business had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. The Kraft Heinz had a net margin of 14.67% and a return on equity of 7.52%. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.85 EPS.

KHC has been the subject of several analyst reports. Credit Suisse Group reiterated an “outperform” rating on shares of The Kraft Heinz in a research report on Sunday, April 23rd. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $98.00 price target on shares of The Kraft Heinz in a research note on Tuesday, April 25th. Zacks Investment Research raised shares of The Kraft Heinz from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Consumer Edge raised shares of The Kraft Heinz to an “overweight” rating in a research note on Thursday, May 4th. Finally, Piper Jaffray Companies initiated coverage on shares of The Kraft Heinz in a research note on Wednesday, May 24th. They issued a “neutral” rating and a $94.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and eleven have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $97.31.

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The Kraft Heinz (NASDAQ KHC) traded up 0.07% during midday trading on Monday, reaching $84.55. 1,764,657 shares of the company traded hands. The firm’s 50 day moving average price is $85.82 and its 200 day moving average price is $89.65. The Kraft Heinz has a 12 month low of $79.69 and a 12 month high of $97.77. The firm has a market capitalization of $103.00 billion, a price-to-earnings ratio of 27.10 and a beta of 0.44.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 18th will be paid a dividend of $0.625 per share. This represents a $2.50 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from The Kraft Heinz’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Wednesday, August 16th. The Kraft Heinz’s payout ratio is presently 79.87%.

A number of large investors have recently made changes to their positions in the company. Bollard Group LLC raised its position in shares of The Kraft Heinz by 0.7% in the first quarter. Bollard Group LLC now owns 1,149 shares of the company’s stock valued at $104,000 after buying an additional 8 shares during the last quarter. Fisher Asset Management LLC increased its stake in The Kraft Heinz by 0.3% in the first quarter. Fisher Asset Management LLC now owns 2,889 shares of the company’s stock worth $262,000 after buying an additional 8 shares during the last quarter. Blue Chip Partners Inc. increased its stake in The Kraft Heinz by 0.5% in the first quarter. Blue Chip Partners Inc. now owns 1,476 shares of the company’s stock worth $134,000 after buying an additional 8 shares during the last quarter. Martingale Asset Management L P increased its stake in The Kraft Heinz by 0.5% in the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock worth $234,000 after buying an additional 13 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its stake in The Kraft Heinz by 0.7% in the first quarter. Guardian Life Insurance Co. of America now owns 2,301 shares of the company’s stock worth $209,000 after buying an additional 16 shares during the last quarter. 61.88% of the stock is owned by institutional investors.

About The 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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