Equities analysts expect Pinnacle Foods Inc (NYSE:PF) to report $909.26 million in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Pinnacle Foods’ earnings. The lowest sales estimate is $894.59 million and the highest is $930.00 million. Pinnacle Foods reported sales of $858.48 million during the same quarter last year, which would suggest a positive year over year growth rate of 5.9%. The company is expected to report its next earnings report on Thursday, February 22nd.
According to Zacks, analysts expect that Pinnacle Foods will report full-year sales of $909.26 million for the current year, with estimates ranging from $3.15 billion to $3.19 billion. For the next fiscal year, analysts forecast that the business will report sales of $3.16 billion per share, with estimates ranging from $3.13 billion to $3.22 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Pinnacle Foods.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.58. The business had revenue of $749.80 million for the quarter, compared to analyst estimates of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. Pinnacle Foods’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.53 EPS.
Shares of Pinnacle Foods (NYSE PF) traded up $0.67 during mid-day trading on Thursday, reaching $60.72. The company had a trading volume of 720,774 shares, compared to its average volume of 997,169. The company has a market cap of $7,226.65, a price-to-earnings ratio of 25.30, a P/E/G ratio of 2.76 and a beta of 0.33. Pinnacle Foods has a twelve month low of $52.51 and a twelve month high of $66.67. The company has a debt-to-equity ratio of 1.49, a current ratio of 1.80 and a quick ratio of 0.81.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 19th were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Monday, December 18th. Pinnacle Foods’s dividend payout ratio is 87.84%.
Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Pinnacle Foods by 6.6% in the 2nd quarter. Vanguard Group Inc. now owns 10,334,808 shares of the company’s stock valued at $613,888,000 after purchasing an additional 640,620 shares during the period. Capital World Investors lifted its stake in shares of Pinnacle Foods by 5.9% in the 2nd quarter. Capital World Investors now owns 9,378,050 shares of the company’s stock valued at $557,056,000 after purchasing an additional 525,000 shares during the period. Victory Capital Management Inc. lifted its stake in shares of Pinnacle Foods by 11.8% in the 3rd quarter. Victory Capital Management Inc. now owns 3,226,031 shares of the company’s stock valued at $184,433,000 after purchasing an additional 340,654 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Pinnacle Foods by 66.4% in the 2nd quarter. Renaissance Technologies LLC now owns 2,559,700 shares of the company’s stock valued at $152,046,000 after purchasing an additional 1,021,200 shares during the period. Finally, Allianz Asset Management GmbH lifted its stake in shares of Pinnacle Foods by 9.9% in the 3rd quarter. Allianz Asset Management GmbH now owns 2,277,438 shares of the company’s stock valued at $130,201,000 after purchasing an additional 205,852 shares during the period. 95.28% of the stock is currently owned by institutional investors.
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About Pinnacle Foods
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.
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