Analysts expect Kraft Heinz Co (NASDAQ:KHC) to announce earnings of $0.94 per share for the current fiscal quarter, according to Zacks. Six analysts have issued estimates for Kraft Heinz’s earnings. The lowest EPS estimate is $0.88 and the highest is $0.99. Kraft Heinz posted earnings of $0.90 per share in the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is expected to report its next earnings report after the market closes on Thursday, February 21st.
On average, analysts expect that Kraft Heinz will report full-year earnings of $3.61 per share for the current financial year, with EPS estimates ranging from $3.55 to $3.66. For the next financial year, analysts expect that the firm will post earnings of $3.72 per share, with EPS estimates ranging from $3.59 to $3.84. Zacks’ EPS calculations are a mean average based on a survey of research analysts that follow Kraft Heinz.
Several analysts recently issued reports on KHC shares. Standpoint Research started coverage on shares of Kraft Heinz in a research report on Wednesday, December 26th. They issued a “buy” rating for the company. Berenberg Bank set a $64.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Tuesday, November 20th. Bank of America set a $83.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. UBS Group set a $65.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Finally, Piper Jaffray Companies set a $62.00 price target on shares of Kraft Heinz and gave the company a “buy” rating in a research report on Friday, November 2nd. Six research analysts have rated the stock with a sell rating, five have issued a hold rating and ten have assigned a buy rating to the company. Kraft Heinz has an average rating of “Hold” and a consensus price target of $64.43.
NASDAQ KHC traded up $0.28 during midday trading on Friday, hitting $47.62. The company had a trading volume of 5,758,786 shares, compared to its average volume of 6,288,575. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.00 and a quick ratio of 0.57. The firm has a market capitalization of $58.07 billion, a price-to-earnings ratio of 13.41, a P/E/G ratio of 2.33 and a beta of 0.72. Kraft Heinz has a fifty-two week low of $41.60 and a fifty-two week high of $71.25.
Institutional investors and hedge funds have recently bought and sold shares of the business. Cerebellum GP LLC grew its holdings in Kraft Heinz by 83.3% during the 4th quarter. Cerebellum GP LLC now owns 5,821 shares of the company’s stock valued at $251,000 after buying an additional 2,646 shares in the last quarter. Vanguard Group Inc. lifted its position in Kraft Heinz by 2.5% in the third quarter. Vanguard Group Inc. now owns 46,457,007 shares of the company’s stock valued at $2,560,246,000 after purchasing an additional 1,123,288 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Kraft Heinz by 6.0% during the third quarter. Legal & General Group Plc now owns 3,065,442 shares of the company’s stock valued at $168,904,000 after acquiring an additional 174,254 shares in the last quarter. Pittenger & Anderson Inc. raised its holdings in shares of Kraft Heinz by 80.7% during the third quarter. Pittenger & Anderson Inc. now owns 28,410 shares of the company’s stock valued at $1,566,000 after acquiring an additional 12,685 shares in the last quarter. Finally, B. Riley Wealth Management Inc. bought a new position in Kraft Heinz in the third quarter worth $384,000. 63.31% of the stock is currently owned by hedge funds and other institutional investors.
Kraft Heinz Company Profile
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.
Read More: Cost of Capital
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kraft Heinz Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kraft Heinz and related companies with MarketBeat.com's FREE daily email newsletter.