Pinnacle Foods (PF) Scheduled to Post Earnings on Wednesday
Pinnacle Foods (NYSE:PF) is scheduled to post its quarterly earnings results on Wednesday, August 13th. Pinnacle Foods has set its FY14 guidance at $1.70-1.75 EPS.Individual that are interested in registering for the company’s earnings conference call can do so using this link.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Wednesday, May 14th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The company had revenue of $644.00 million for the quarter, compared to the consensus estimate of $649.30 million. During the same quarter in the previous year, the company posted $0.34 earnings per share. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. On average, analysts expect Pinnacle Foods to post $1.74 EPS for the current fiscal year and $1.91 EPS for the next fiscal year.
Pinnacle Foods (NYSE:PF) opened at 30.63 on Tuesday. Pinnacle Foods has a 52-week low of $25.00 and a 52-week high of $35.67. The stock has a 50-day moving average of $31.31 and a 200-day moving average of $30.31. The company has a market cap of $3.593 billion and a price-to-earnings ratio of 34.10.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, October 7th. Investors of record on Friday, August 29th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, August 27th.
A number of analysts have recently weighed in on PF shares. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Pinnacle Foods in a research note on Monday. They now have a $33.00 price target on the stock, down previously from $35.00. On a related note, analysts at Morgan Stanley initiated coverage on shares of Pinnacle Foods in a research note on Tuesday, July 15th. They set an “equal weight” rating and a $32.00 price target on the stock. Finally, analysts at Goldman Sachs initiated coverage on shares of Pinnacle Foods in a research note on Tuesday, July 15th. They set a “neutral” rating and a $34.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $32.50.
In other Pinnacle Foods news, CFO Craig D. Steeneck unloaded 10,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $30.19, for a total value of $301,900.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America.
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