General Mills (GIS) Set to Announce Earnings on Tuesday

General Mills (NYSE:GIS) will announce its earnings results before the market opens on Tuesday, September 18th. Analysts expect the company to announce earnings of $0.64 per share for the quarter.

General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 27th. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The company had revenue of $3.89 billion for the quarter, compared to analyst estimates of $3.89 billion. General Mills had a net margin of 13.54% and a return on equity of 35.14%. General Mills’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 EPS. On average, analysts expect General Mills to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

General Mills stock opened at $47.75 on Friday. The stock has a market cap of $28.31 billion, a PE ratio of 15.35, a PEG ratio of 1.83 and a beta of 0.74. General Mills has a fifty-two week low of $41.01 and a fifty-two week high of $60.69. The company has a current ratio of 0.56, a quick ratio of 0.34 and a debt-to-equity ratio of 1.95.

Several research analysts have recently weighed in on GIS shares. Zacks Investment Research upgraded shares of General Mills from a “sell” rating to a “hold” rating in a research note on Thursday, September 6th. Citigroup lowered their price objective on shares of General Mills from $61.00 to $54.00 and set a “buy” rating on the stock in a research note on Friday, June 29th. Susquehanna Bancshares set a $50.00 price objective on shares of General Mills and gave the stock a “buy” rating in a research note on Monday, May 21st. Piper Jaffray Companies set a $45.00 price objective on shares of General Mills and gave the stock a “hold” rating in a research note on Tuesday, June 5th. Finally, Goldman Sachs Group restated a “neutral” rating and set a $47.00 price objective on shares of General Mills in a research note on Thursday, May 31st. Two investment analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have given a buy rating to the company. General Mills has a consensus rating of “Hold” and a consensus price target of $50.71.

In related news, insider Shawn P. Ogrady sold 82,244 shares of General Mills stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $45.50, for a total transaction of $3,742,102.00. Following the completion of the sale, the insider now owns 187,948 shares of the company’s stock, valued at approximately $8,551,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jonathon Nudi sold 5,066 shares of General Mills stock in a transaction dated Monday, July 9th. The stock was sold at an average price of $44.44, for a total transaction of $225,133.04. Following the sale, the insider now directly owns 50,653 shares of the company’s stock, valued at approximately $2,251,019.32. The disclosure for this sale can be found here. Insiders have sold a total of 158,018 shares of company stock valued at $7,114,487 in the last ninety days. 1.40% of the stock is currently owned by insiders.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.

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Earnings History for General Mills (NYSE:GIS)

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