Kraft Heinz (KHC) to Release Quarterly Earnings on Thursday

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Kraft Heinz (NASDAQ:KHC) will issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.82 per share for the quarter.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Friday, August 3rd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.08. Kraft Heinz had a net margin of 40.85% and a return on equity of 6.16%. The firm had revenue of $6.69 billion during the quarter, compared to the consensus estimate of $6.57 billion. During the same period last year, the firm posted $0.98 EPS. The firm’s quarterly revenue was up .7% on a year-over-year basis. On average, analysts expect Kraft Heinz to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of KHC stock opened at $55.85 on Wednesday. Kraft Heinz has a 12-month low of $53.03 and a 12-month high of $82.48. The stock has a market cap of $66.63 billion, a P/E ratio of 15.73, a PEG ratio of 1.93 and a beta of 0.51. The company has a quick ratio of 0.70, a current ratio of 1.05 and a debt-to-equity ratio of 0.48.

KHC has been the subject of a number of research analyst reports. Morgan Stanley initiated coverage on shares of Kraft Heinz in a research note on Monday, September 17th. They issued an “underweight” rating and a $52.00 target price for the company. Zacks Investment Research downgraded shares of Kraft Heinz from a “hold” rating to a “sell” rating in a research note on Wednesday, September 5th. BidaskClub downgraded shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a research note on Saturday, September 29th. Bank of America set a $85.00 target price on shares of Kraft Heinz and gave the stock a “buy” rating in a research note on Monday, August 6th. Finally, Credit Suisse Group raised shares of Kraft Heinz to a “hold” rating and set a $52.00 target price for the company in a research note on Thursday, October 4th. Four research analysts have rated the stock with a sell rating, six have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Kraft Heinz has an average rating of “Hold” and an average price target of $72.02.

In related news, EVP Eduardo Pelleissone sold 35,000 shares of the business’s stock in a transaction that occurred on Monday, August 6th. The shares were sold at an average price of $63.85, for a total transaction of $2,234,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Global Food Holdings Lp 3G sold 20,630,314 shares of the business’s stock in a transaction that occurred on Tuesday, August 7th. The shares were sold at an average price of $59.85, for a total transaction of $1,234,724,292.90. The disclosure for this sale can be found here. 26.81% of the stock is currently owned by insiders.

Kraft Heinz Company Profile

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Earnings History for Kraft Heinz (NASDAQ:KHC)

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