Kraft Heinz (KHC) Scheduled to Post Earnings on Wednesday

Kraft Heinz (NASDAQ:KHC - Get Free Report) is scheduled to release its earnings data before the market opens on Wednesday, May 1st. Analysts expect Kraft Heinz to post earnings of $0.68 per share for the quarter. Kraft Heinz has set its FY24 guidance at $3.01-3.07 EPS and its FY 2024 guidance at 3.010-3.070 EPS.Investors interested in registering for the company's conference call can do so using this link.

Kraft Heinz (NASDAQ:KHC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 14th. The company reported $0.78 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.01. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The firm had revenue of $6.86 billion for the quarter, compared to analyst estimates of $6.99 billion. During the same period last year, the company earned $0.85 EPS. The business's quarterly revenue was down 7.1% compared to the same quarter last year. On average, analysts expect Kraft Heinz to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Kraft Heinz Trading Up 1.3 %

Shares of NASDAQ:KHC traded up $0.50 during midday trading on Wednesday, hitting $38.57. The company had a trading volume of 7,246,580 shares, compared to its average volume of 8,083,820. Kraft Heinz has a 12 month low of $30.68 and a 12 month high of $41.47. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. The stock has a market cap of $46.89 billion, a price-to-earnings ratio of 16.70, a PEG ratio of 3.01 and a beta of 0.67. The firm has a fifty day simple moving average of $36.07 and a 200 day simple moving average of $35.53.

Kraft Heinz Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 8th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.60 annualized dividend and a dividend yield of 4.15%. Kraft Heinz's dividend payout ratio is currently 69.26%.

Analyst Ratings Changes

Several research firms have weighed in on KHC. Bank of America lifted their target price on Kraft Heinz from $40.00 to $42.00 and gave the stock a "buy" rating in a report on Monday, April 15th. Deutsche Bank Aktiengesellschaft lifted their target price on Kraft Heinz from $42.00 to $43.00 and gave the stock a "buy" rating in a report on Thursday, April 18th. Wells Fargo & Company dropped their price target on Kraft Heinz from $38.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Thursday, February 15th. Finally, Citigroup started coverage on Kraft Heinz in a research note on Thursday, February 1st. They issued a "buy" rating and a $43.00 price target on the stock. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $40.57.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.