WK Kellogg (KLG) to Release Quarterly Earnings on Tuesday

WK Kellogg (NYSE:KLG - Get Free Report) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.37 per share for the quarter. WK Kellogg has set its FY 2024 guidance at EPS.Parties that wish to listen to the company's conference call can do so using this link.

WK Kellogg (NYSE:KLG - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $651.00 million during the quarter, compared to analysts' expectations of $645.87 million. The business's quarterly revenue was down 2.7% on a year-over-year basis. On average, analysts expect WK Kellogg to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WK Kellogg Trading Down 1.0 %

Shares of NYSE KLG traded down $0.23 during trading hours on Tuesday, hitting $23.35. 1,015,442 shares of the company traded hands, compared to its average volume of 1,132,414. The company has a debt-to-equity ratio of 1.62, a quick ratio of 0.43 and a current ratio of 0.84. The company's 50 day moving average price is $18.34 and its 200 day moving average price is $14.32. WK Kellogg has a 12 month low of $9.65 and a 12 month high of $24.63.

WK Kellogg Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.74%. The ex-dividend date was Thursday, February 29th.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on KLG shares. Barclays boosted their target price on WK Kellogg from $12.00 to $15.00 and gave the company an "underweight" rating in a research report on Friday, April 12th. Stifel Nicolaus boosted their target price on WK Kellogg from $13.00 to $20.00 and gave the company a "hold" rating in a research report on Friday. Two research analysts have rated the stock with a sell rating and eight have issued a hold rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $13.45.

WK Kellogg Company Profile

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.