Pinnacle Foods Inc (PF) Updates FY13 Earnings Guidance
Pinnacle Foods Inc (NYSE:PF) updated its FY13 earnings guidance on Tuesday. The company provided EPS guidance of $1.53-1.57 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.56, AR Network reports.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Pinnacle Foods (NYSE:PF) from a neutral rating to an outperform rating in a research note to investors on Monday, August 19th. They now have a $28.50 price target on the stock. On a related note, analysts at Morgan Stanley reiterated an equal weight rating on shares of Pinnacle Foods (NYSE:PF) in a research note to investors on Thursday, August 15th. They now have a $27.00 price target on the stock, up previously from $25.00. Finally, analysts at BMO Capital Markets raised their price target on shares of Pinnacle Foods (NYSE:PF) from $28.00 to $30.00 in a research note to investors on Thursday, August 15th. They now have an outperform rating on the stock. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Pinnacle Foods has a consensus rating of Buy and an average target price of $27.90.
Pinnacle Foods Inc (NYSE:PF) traded down 0.11% on Tuesday, hitting $26.44. The stock had a trading volume of 277,935 shares. Pinnacle Foods Inc has a one year low of $22.15 and a one year high of $28.52. The stock has a 50-day moving average of $26.94 and a 200-day moving average of $25.22. The company has a market cap of $3.097 billion and a price-to-earnings ratio of 53.47.
Pinnacle Foods (NYSE:PF) last issued its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.02. The company had revenue of $569.00 million for the quarter, compared to the consensus estimate of $576.64 million. Pinnacle Foods’s revenue was down 3.3% compared to the same quarter last year. Analysts expect that Pinnacle Foods Inc will post $1.55 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, October 10th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.72%. The ex-dividend date is Thursday, September 19th.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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