Bob Evans Farms Inc (BOBE) Releases FY15 Earnings Guidance
Bob Evans Farms Inc (NASDAQ:BOBE) issued an update on its FY15 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.90-2.20 for the period, compared to the Thomson Reuters consensus estimate of $1.90, Stock Ratings Network reports. The company issued revenue guidance of 1.38-1.40 billion, compared to the consensus revenue estimate of $1.39 billion.
Shares of Bob Evans Farms Inc (NASDAQ:BOBE) traded down 2.73% during mid-day trading on Tuesday, hitting $47.76. 764,444 shares of the company’s stock traded hands. Bob Evans Farms Inc has a 52-week low of $43.19 and a 52-week high of $60.22. The stock’s 50-day moving average is $47.35 and its 200-day moving average is $48.23. The company has a market cap of $1.122 billion and a price-to-earnings ratio of 38.91.
Bob Evans Farms (NASDAQ:BOBE) last released its earnings data on Tuesday, August 26th. The company reported $0.10 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.10. The company had revenue of $326.30 million for the quarter, compared to the consensus estimate of $328.61 million. During the same quarter in the prior year, the company posted $0.54 earnings per share. The company’s quarterly revenue was down .9% on a year-over-year basis. On average, analysts predict that Bob Evans Farms Inc will post $1.90 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 22nd. Investors of record on Monday, September 8th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, September 4th.
Several analysts have recently commented on the stock. Analysts at Miller Tabak raised their price target on shares of Bob Evans Farms from $55.00 to $56.00 in a research note on Thursday, August 21st. They now have a buy rating on the stock. On a related note, analysts at Janney Montgomery Scott cut their price target on shares of Bob Evans Farms from $45.00 to $44.00 in a research note on Thursday, July 10th. They now have a fair value rating on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of $53.00.
Bob Evans Farms, Inc (NASDAQ:BOBE) is a full-service restaurant company that operates Bob Evans Restaurants.
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