Zacks: Analysts Anticipate Papa John's Int'l, Inc. (PZZA) Will Post Earnings of $0.72 Per Share

Wall Street brokerages expect that Papa John's Int'l, Inc. (NASDAQ:PZZA) will report $0.72 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Papa John's Int'l’s earnings, with estimates ranging from $0.70 to $0.73. Papa John's Int'l posted earnings of $0.69 per share in the same quarter last year, which would indicate a positive year over year growth rate of 4.3%. The business is scheduled to announce its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Papa John's Int'l will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.72 to $2.79. For the next financial year, analysts expect that the firm will post earnings of $2.96 per share, with EPS estimates ranging from $2.73 to $3.25. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that follow Papa John's Int'l.

Papa John's Int'l (NASDAQ:PZZA) last issued its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 EPS for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The company had revenue of $431.70 million during the quarter, compared to the consensus estimate of $427.23 million. During the same quarter in the prior year, the firm earned $0.57 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.

A number of brokerages recently commented on PZZA. Zacks Investment Research cut Papa John's Int'l from a “buy” rating to a “hold” rating in a research report on Tuesday, September 26th. Stifel Nicolaus assumed coverage on Papa John's Int'l in a research report on Monday, October 2nd. They issued a “hold” rating and a $65.00 target price on the stock. TheStreet cut Papa John's Int'l from a “b” rating to a “c+” rating in a research report on Tuesday, October 31st. Jefferies Group reiterated a “hold” rating and issued a $65.00 target price on shares of Papa John's Int'l in a research report on Friday, November 3rd. Finally, Nomura decreased their target price on Papa John's Int'l from $78.00 to $71.00 and set a “neutral” rating on the stock in a research report on Friday, October 27th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $79.56.

Shares of Papa John's Int'l (PZZA) traded down $0.57 during midday trading on Friday, hitting $56.85. The company had a trading volume of 1,226,596 shares, compared to its average volume of 793,103. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26. Papa John's Int'l has a 52 week low of $55.05 and a 52 week high of $90.49. The company has a market capitalization of $1,992.14, a PE ratio of 20.98, a P/E/G ratio of 1.60 and a beta of 0.40.

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Monday, November 6th. This represents a $0.90 annualized dividend and a dividend yield of 1.58%. Papa John's Int'l’s dividend payout ratio is 31.03%.

In related news, Director Wayne Kent Taylor purchased 8,860 shares of the firm’s stock in a transaction that occurred on Thursday, November 9th. The stock was acquired at an average price of $57.53 per share, for a total transaction of $509,715.80. Following the completion of the acquisition, the director now owns 30,822 shares of the company’s stock, valued at approximately $1,773,189.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 27.70% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of PZZA. BlackRock Inc. increased its position in shares of Papa John's Int'l by 12.4% during the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after purchasing an additional 383,459 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Papa John's Int'l by 3.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,458,205 shares of the company’s stock valued at $107,411,000 after purchasing an additional 46,948 shares during the last quarter. Neuberger Berman Group LLC increased its position in shares of Papa John's Int'l by 10.8% during the 3rd quarter. Neuberger Berman Group LLC now owns 1,213,803 shares of the company’s stock valued at $88,693,000 after purchasing an additional 118,212 shares during the last quarter. TimesSquare Capital Management LLC increased its position in shares of Papa John's Int'l by 9.7% during the 2nd quarter. TimesSquare Capital Management LLC now owns 1,055,200 shares of the company’s stock valued at $75,721,000 after purchasing an additional 93,540 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Papa John's Int'l by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 928,539 shares of the company’s stock valued at $67,849,000 after purchasing an additional 2,621 shares during the last quarter. 84.23% of the stock is currently owned by hedge funds and other institutional investors.

WARNING: This report was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this report on another domain, it was stolen and reposted in violation of US & international trademark and copyright law. The original version of this report can be accessed at https://sportsperspectives.com/2017/12/17/zacks-analysts-anticipate-papa-johns-intl-inc-pzza-will-post-earnings-of-0-72-per-share.html.

Papa John's Int'l 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.

Get a free copy of the Zacks research report on Papa John's Int'l (PZZA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Papa John's Int'l (NASDAQ:PZZA)

Receive News & Ratings for Papa John's Int'l Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's Int'l and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply