Diageo PLC to Post FY2017 Earnings of $5.25 Per Share, Credit Agricole SA Forecasts (DEO)
Diageo PLC (NYSE:DEO) – Credit Agricole SA issued their FY2017 earnings per share estimates for Diageo PLC in a report issued on Wednesday. Credit Agricole SA analyst C. Levy expects that the brokerage will post earnings of $5.25 per share for the year. Credit Agricole SA currently has a “Outperform” rating on the stock. Credit Agricole SA also issued estimates for Diageo PLC’s FY2018 earnings at $5.68 EPS and FY2019 earnings at $6.14 EPS.
A number of other research firms also recently commented on DEO. Zacks Investment Research downgraded shares of Diageo PLC from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 5th. JPMorgan Chase & Co. reaffirmed a “buy” rating on shares of Diageo PLC in a research report on Wednesday, September 7th. Goldman Sachs Group Inc. raised shares of Diageo PLC from a “sell” rating to a “neutral” rating in a research report on Tuesday, June 28th. HSBC reaffirmed a “hold” rating on shares of Diageo PLC in a research report on Thursday, June 30th. Finally, Societe Generale raised shares of Diageo PLC from a “sell” rating to a “hold” rating in a research report on Monday, June 27th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $135.78.
Shares of Diageo PLC (NYSE:DEO) opened at 112.66 on Monday. The firm’s 50-day moving average is $114.41 and its 200-day moving average is $111.14. Diageo PLC has a one year low of $99.59 and a one year high of $117.95. The stock has a market capitalization of $70.70 billion, a PE ratio of 24.53 and a beta of 0.78.
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The firm also recently disclosed a dividend, which will be paid on Wednesday, October 12th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.192 per share. The ex-dividend date of this dividend is Wednesday, August 10th.
A number of hedge funds have recently made changes to their positions in DEO. Citizens Financial Group Inc RI boosted its stake in shares of Diageo PLC by 3.0% in the second quarter. Citizens Financial Group Inc RI now owns 900 shares of the company’s stock valued at $101,000 after buying an additional 26 shares during the last quarter. Jackson Grant Investment Advisers Inc. boosted its stake in shares of Diageo PLC by 1.2% in the second quarter. Jackson Grant Investment Advisers Inc. now owns 1,050 shares of the company’s stock valued at $119,000 after buying an additional 12 shares during the last quarter. Integrated Wealth Management boosted its stake in shares of Diageo PLC by 2.4% in the second quarter. Integrated Wealth Management now owns 1,158 shares of the company’s stock valued at $131,000 after buying an additional 27 shares during the last quarter. Jolley Asset Management LLC boosted its stake in shares of Diageo PLC by 37.4% in the second quarter. Jolley Asset Management LLC now owns 1,237 shares of the company’s stock valued at $140,000 after buying an additional 337 shares during the last quarter. Finally, Washington Trust Bank boosted its stake in shares of Diageo PLC by 9.5% in the third quarter. Washington Trust Bank now owns 1,359 shares of the company’s stock valued at $158,000 after buying an additional 118 shares during the last quarter. Institutional investors and hedge funds own 10.97% of the company’s stock.
Diageo PLC Company Profile
Diageo PLC is an alcoholic beverage company. The Company operates in various categories, including spirits and beer. Its geographic segments include North America; Europe, Russia and Turkey; Africa; Latin America and Caribbean, and Asia Pacific. Its principal products includes Scotch whisky, Gin, Vodka, Rum, Beer, Irish Cream Liqueur, Wine, Raki, Tequila, Canadian Whisky, American Whiskey, Progressive Adult Beverages, Cachaca, Brandy and Ready to Drink.
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