Brokerages expect that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will announce $388.00 million in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Papa John’s Int’l’s earnings. The lowest sales estimate is $383.64 million and the highest is $392.35 million. Papa John’s Int’l reported sales of $431.71 million during the same quarter last year, which would suggest a negative year over year growth rate of 10.1%. The company is scheduled to issue its next quarterly earnings report on Tuesday, October 30th.
On average, analysts expect that Papa John’s Int’l will report full year sales of $1.62 billion for the current year, with estimates ranging from $1.60 billion to $1.64 billion. For the next year, analysts anticipate that the firm will report sales of $1.60 billion per share, with estimates ranging from $1.59 billion to $1.61 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Papa John’s Int’l.
Papa John’s Int’l (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, August 7th. The company reported $0.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.05). Papa John’s Int’l had a net margin of 4.54% and a negative return on equity of 47.37%. The business had revenue of $407.96 million during the quarter, compared to analysts’ expectations of $418.30 million.
Several research firms recently commented on PZZA. BidaskClub lowered shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and raised their price target for the company from $35.00 to $38.00 in a report on Wednesday, August 15th. Stephens restated a “buy” rating and issued a $60.00 price target on shares of Papa John’s Int’l in a report on Tuesday, August 7th. Longbow Research upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 13th. Finally, ValuEngine upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a report on Friday, August 10th. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $59.56.
NASDAQ PZZA traded down $0.27 during mid-day trading on Friday, hitting $45.91. The company’s stock had a trading volume of 1,013,800 shares, compared to its average volume of 1,324,461. Papa John’s Int’l has a 52-week low of $38.05 and a 52-week high of $75.82. The company has a debt-to-equity ratio of -2.22, a quick ratio of 0.90 and a current ratio of 1.08. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 2.41 and a beta of 0.46.
The company also recently disclosed a quarterly dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 13th were paid a dividend of $0.225 per share. The ex-dividend date of this dividend was Friday, August 10th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 1.96%. Papa John’s Int’l’s dividend payout ratio is currently 34.35%.
Several institutional investors and hedge funds have recently bought and sold shares of PZZA. Tyvor Capital LLC purchased a new stake in shares of Papa John’s Int’l during the second quarter valued at approximately $142,000. Profund Advisors LLC purchased a new stake in shares of Papa John’s Int’l during the first quarter valued at approximately $202,000. Hsbc Holdings PLC purchased a new stake in shares of Papa John’s Int’l during the first quarter valued at approximately $207,000. Xact Kapitalforvaltning AB purchased a new stake in shares of Papa John’s Int’l during the first quarter valued at approximately $232,000. Finally, Victory Capital Management Inc. raised its stake in shares of Papa John’s Int’l by 36.0% during the first quarter. Victory Capital Management Inc. now owns 4,146 shares of the company’s stock valued at $238,000 after purchasing an additional 1,098 shares during the period. Institutional investors own 82.65% of the company’s stock.
Papa John’s Int’l Company Profile
Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.
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