Pinnacle Foods, Inc. (PF) Scheduled to Post Earnings on Wednesday
Pinnacle Foods, Inc. (NYSE:PF) is set to release its earnings data before the market opens on Wednesday, October 25th. Analysts expect Pinnacle Foods to post earnings of $0.58 per share for the quarter. Pinnacle Foods has set its FY17 guidance at $2.55-2.60 EPS.
Pinnacle Foods (NYSE:PF) last posted its earnings results on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.01. The company had revenue of $744.61 million for the quarter, compared to analysts’ expectations of $764.41 million. Pinnacle Foods had a return on equity of 14.47% and a net margin of 5.82%. Pinnacle Foods’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the firm earned $0.42 earnings per share. On average, analysts expect Pinnacle Foods to post $2.55 EPS for the current fiscal year and $2.79 EPS for the next fiscal year.
Shares of Pinnacle Foods, Inc. (NYSE PF) opened at 57.02 on Wednesday. Pinnacle Foods, Inc. has a 1-year low of $46.36 and a 1-year high of $66.67. The company has a market capitalization of $6.77 billion, a PE ratio of 37.15 and a beta of 0.33. The company has a 50 day moving average price of $58.07 and a 200 day moving average price of $59.33.
The company also recently disclosed a quarterly dividend, which was paid on Monday, October 9th. Investors of record on Tuesday, August 29th were given a $0.325 dividend. This is a positive change from Pinnacle Foods’s previous quarterly dividend of $0.29. This represents a $1.30 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date of this dividend was Friday, August 25th. Pinnacle Foods’s dividend payout ratio is 84.97%.
In other news, EVP Mark L. Schiller sold 17,038 shares of the stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $60.61, for a total transaction of $1,032,673.18. Following the transaction, the executive vice president now directly owns 74,832 shares in the company, valued at $4,535,567.52. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Christopher J. Boever sold 26,682 shares of the stock in a transaction that occurred on Friday, August 4th. The shares were sold at an average price of $59.02, for a total transaction of $1,574,771.64. Following the transaction, the executive vice president now owns 66,296 shares in the company, valued at $3,912,789.92. The disclosure for this sale can be found here. Insiders sold a total of 151,912 shares of company stock worth $9,037,020 over the last 90 days. Insiders own 1.34% of the company’s stock.
A number of research firms recently weighed in on PF. BidaskClub raised shares of Pinnacle Foods from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, June 27th. BMO Capital Markets reissued a “buy” rating and issued a $63.00 price objective on shares of Pinnacle Foods in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued an “outperform” rating and issued a $67.00 price objective (up from $66.00) on shares of Pinnacle Foods in a research report on Tuesday, July 25th. J P Morgan Chase & Co reissued an “overweight” rating and issued a $68.00 price objective (up from $65.00) on shares of Pinnacle Foods in a research report on Wednesday, June 28th. Finally, Zacks Investment Research raised shares of Pinnacle Foods from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. One investment analyst has rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $64.82.
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Pinnacle Foods Company Profile
Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.
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