General Mills (NYSE:GIS) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.02-3.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.06. The company issued revenue guidance of $17.157-17.314 billion, compared to the consensus revenue estimate of $17.08 billion.
Shares of NYSE:GIS opened at $36.70 on Wednesday. General Mills has a twelve month low of $36.42 and a twelve month high of $60.69. The firm has a market capitalization of $21.91 billion, a PE ratio of 11.80, a price-to-earnings-growth ratio of 1.55 and a beta of 0.60. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.58 and a quick ratio of 0.35.
General Mills (NYSE:GIS) last announced its earnings results on Tuesday, September 18th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.64 by $0.07. General Mills had a return on equity of 31.84% and a net margin of 13.19%. The company had revenue of $4.09 billion during the quarter, compared to analyst estimates of $4.12 billion. During the same period last year, the company posted $0.71 earnings per share. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that General Mills will post 3.07 earnings per share for the current year.
A number of analysts have recently weighed in on GIS shares. ValuEngine upgraded General Mills from a strong sell rating to a sell rating in a research note on Friday, September 7th. Zacks Investment Research upgraded General Mills from a sell rating to a hold rating in a research note on Thursday, September 6th. Morgan Stanley lowered their target price on General Mills from $48.00 to $47.00 and set a hold rating for the company in a research note on Thursday, September 20th. UBS Group set a $46.00 target price on General Mills and gave the company a hold rating in a research note on Wednesday, September 19th. Finally, Royal Bank of Canada restated a sector perform rating and issued a $52.00 target price on shares of General Mills in a research note on Monday, September 17th. Two analysts have rated the stock with a sell rating, fifteen have given a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of Hold and an average price target of $49.71.
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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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