General Mills (GIS) Set to Announce Earnings on Wednesday
General Mills (NYSE:GIS) is set to post its Q1 2014 quarterly earnings results before the market opens on Wednesday, September 18th. General Mills has set its FY14 guidance at $2.87-2.90 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
General Mills (NYSE:GIS) last issued its quarterly earnings data on Wednesday, June 26th. The company reported $0.53 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.53. The company had revenue of $4.40 billion for the quarter, compared to the consensus estimate of $4.32 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 8.5% on a year-over-year basis. On average, analysts expect General Mills to post $2.92 EPS for the current fiscal year and $3.15 EPS for the next fiscal year.
Shares of General Mills (NYSE:GIS) opened at 49.73 on Tuesday. General Mills has a 1-year low of $38.79 and a 1-year high of $53.07. The stock has a 50-day moving average of $50.40 and a 200-day moving average of $49.34. The company has a market cap of $31.870 billion and a P/E ratio of 17.65.
A number of analysts have recently weighed in on GIS shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of General Mills (NYSE:GIS) in a research note to investors on Thursday, September 12th. They now have a $55.00 price target on the stock. On the ratings front, analysts at Jefferies Group downgraded shares of General Mills (NYSE:GIS) from a “hold” rating to an “underperform” rating in a research note to investors on Friday, August 16th. They now have a $44.00 price target on the stock, down previously from $45.00. Finally, analysts at Zacks reiterated a “neutral” rating on shares of General Mills (NYSE:GIS) in a research note to investors on Saturday, July 20th. They now have a $54.00 price target on the stock.
Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. General Mills currently has an average rating of “Hold” and an average price target of $49.31.
General Mills, Inc (NYSE:GIS) is a manufacturer and marketer of branded consumer foods sold through retail stores.
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