The Whitewave Foods Company (WWAV) Updates FY14 Earnings Guidance
The Whitewave Foods Company (NYSE:WWAV) issued an update on its FY14 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.90-0.94 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.90, StockRatingsNetwork.com reports. The Whitewave Foods Company also updated its Q1 guidance to $0.18-0.20 EPS.
WWAV has been the subject of a number of recent research reports. Analysts at Barclays initiated coverage on shares of The Whitewave Foods Company in a research note on Friday, January 31st. They set an equal weight rating on the stock. On a related note, analysts at Zacks upgraded shares of The Whitewave Foods Company from a neutral rating to an outperform rating in a research note on Wednesday, January 22nd. They now have a $26.60 price target on the stock. Finally, analysts at Longbow Research upgraded shares of The Whitewave Foods Company from a neutral rating to a buy rating in a research note on Thursday, January 9th. They now have a $30.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company’s stock. The Whitewave Foods Company has a consensus rating of Buy and an average price target of $24.10.
The Whitewave Foods Company (NYSE:WWAV) traded up 9.34% on Thursday, hitting $25.99. The stock had a trading volume of 3,305,819 shares. The Whitewave Foods Company has a 52-week low of $14.67 and a 52-week high of $24.96. The stock’s 50-day moving average is $23.84 and its 200-day moving average is $21.01. The company has a market cap of $4.507 billion and a price-to-earnings ratio of 41.56.
The Whitewave Foods Company (NYSE:WWAV) last released its earnings data on Thursday, February 13th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.20 by $0.02. The company had revenue of $679.00 million for the quarter, compared to the consensus estimate of $663.84 million. During the same quarter in the previous year, the company posted $0.18 earnings per share. The company’s revenue for the quarter was up 11.5% on a year-over-year basis. On average, analysts predict that The Whitewave Foods Company will post $0.72 earnings per share for the current fiscal year.
WWF Operating Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes, and sells plant-based foods and beverages, coffee creamers and beverages, and dairy products throughout North America and Europe.
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