Papa John’s International, Inc. (NASDAQ:PZZA) issued an update on its FY17 earnings guidance on Tuesday morning. The company provided EPS guidance of $2.82-2.93 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.84.
Papa John’s International, Inc. (NASDAQ:PZZA) traded down 10.896% on Wednesday, reaching $60.635. 3,018,043 shares of the company were exchanged. Papa John’s International, Inc. has a 12-month low of $59.36 and a 12-month high of $90.49. The company’s 50-day moving average price is $71.02 and its 200-day moving average price is $75.72. The stock has a market capitalization of $2.21 billion, a P/E ratio of 21.120 and a beta of 0.50.
Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. Papa John’s International had a net margin of 6.13% and a return on equity of 919.82%. Papa John’s International’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS. Equities research analysts anticipate that Papa John’s International, Inc. will post $2.84 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Shareholders of record on Tuesday, November 7th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Monday, November 6th. This represents a $0.90 dividend on an annualized basis and a yield of 1.32%. Papa John’s International’s dividend payout ratio is presently 31.36%.
Papa John’s International announced that its Board of Directors has initiated a share repurchase program on Tuesday, August 1st that permits the company to repurchase $500.00 million in outstanding shares. This repurchase authorization permits the company to purchase up to 198% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.
A number of equities research analysts have recently issued reports on the stock. Nomura lowered their price target on shares of Papa John’s International from $78.00 to $71.00 and set a neutral rating on the stock in a report on Friday, October 27th. Zacks Investment Research downgraded shares of Papa John’s International from a buy rating to a hold rating in a research note on Tuesday, September 26th. Stephens raised their target price on shares of Papa John’s International from $90.00 to $95.00 and gave the company an overweight rating in a research note on Wednesday, August 2nd. Stifel Nicolaus began coverage on shares of Papa John’s International in a research note on Monday, October 2nd. They issued a hold rating and a $65.00 target price on the stock. Finally, Instinet reaffirmed a neutral rating and issued a $78.00 target price (down from $84.00) on shares of Papa John’s International in a research note on Monday, July 31st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. Papa John’s International presently has a consensus rating of Hold and an average target price of $82.11.
In other Papa John’s International news, SVP Timothy C. Ohern sold 9,218 shares of the business’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $75.08, for a total value of $692,087.44. Following the completion of the transaction, the senior vice president now owns 35,650 shares of the company’s stock, valued at approximately $2,676,602. The sale was disclosed in a legal filing with the SEC, which is available through this link. 27.70% of the stock is currently owned by insiders.
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Papa John’s International Company Profile
Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.
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