Zacks: Brokerages Expect Kraft Heinz Co (NASDAQ:KHC) Will Post Earnings of $0.80 Per Share

Equities research analysts forecast that Kraft Heinz Co (NASDAQ:KHC) will report earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Kraft Heinz’s earnings. The lowest EPS estimate is $0.70 and the highest is $0.90. Kraft Heinz posted earnings per share of $1.00 during the same quarter last year, which suggests a negative year over year growth rate of 20%. The company is scheduled to announce its next earnings report on Wednesday, July 3rd.

On average, analysts expect that Kraft Heinz will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.70 to $2.90. For the next financial year, analysts forecast that the company will report earnings of $2.92 per share, with EPS estimates ranging from $2.80 to $3.17. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Kraft Heinz.

A number of research firms recently commented on KHC. Evercore ISI began coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They set an “in-line” rating and a $32.00 price target for the company. Piper Jaffray Companies upgraded shares of Kraft Heinz from an “underweight” rating to a “neutral” rating and set a $31.00 price target for the company in a report on Friday, May 31st. Credit Suisse Group reiterated an “underperform” rating and set a $26.00 price target (down from $33.00) on shares of Kraft Heinz in a report on Thursday, May 30th. BidaskClub lowered shares of Kraft Heinz from a “sell” rating to a “strong sell” rating in a report on Thursday, May 30th. Finally, UBS Group lowered their price target on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating for the company in a report on Tuesday, May 7th. Five investment analysts have rated the stock with a sell rating, sixteen have issued a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $41.22.

NASDAQ:KHC opened at $31.04 on Thursday. The firm’s fifty day moving average price is $30.51. Kraft Heinz has a 52 week low of $26.96 and a 52 week high of $64.99. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.59. The company has a market cap of $37.87 billion, a price-to-earnings ratio of 8.84, a P/E/G ratio of 3.01 and a beta of 0.69.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.40 dividend. The ex-dividend date was Thursday, May 30th. This represents a $1.60 annualized dividend and a yield of 5.15%. Kraft Heinz’s dividend payout ratio (DPR) is presently 45.33%.

A number of hedge funds and other institutional investors have recently modified their holdings of KHC. Meridian Wealth Management LLC bought a new position in Kraft Heinz in the 1st quarter worth $27,000. Creative Financial Designs Inc. ADV increased its stake in shares of Kraft Heinz by 65.0% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,046 shares of the company’s stock worth $34,000 after acquiring an additional 412 shares in the last quarter. G&S Capital LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth about $36,000. Executive Wealth Management LLC bought a new position in shares of Kraft Heinz in the 4th quarter worth about $40,000. Finally, Harvest Group Wealth Management LLC bought a new position in shares of Kraft Heinz in the 1st quarter worth about $41,000. Institutional investors and hedge funds own 58.19% of the company’s stock.

About Kraft Heinz

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 and Estimates for Kraft Heinz (NASDAQ:KHC)

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