Brokerages predict that Papa John’s International, Inc. (NASDAQ:PZZA) will report $470.74 million in sales for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Papa John’s International’s earnings. The highest sales estimate is $479.76 million and the lowest is $461.72 million. Papa John’s International reported sales of $439.62 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.1%. The firm is scheduled to announce its next earnings report on Tuesday, February 20th.

According to Zacks, analysts expect that Papa John’s International will report full-year sales of $470.74 million for the current financial year, with estimates ranging from $1.78 billion to $1.80 billion. For the next year, analysts forecast that the company will report sales of $1.81 billion per share. Zacks Investment Research’s sales averages are an average based on a survey of research firms that that provide coverage for Papa John’s International.

Papa John’s International (NASDAQ:PZZA) last posted its quarterly earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The business’s revenue was up 2.2% compared to the same quarter last year. During the same period last year, the company posted $0.57 earnings per share.

Several equities analysts have weighed in on PZZA shares. Zacks Investment Research cut Papa John’s International from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Nomura dropped their price objective on Papa John’s International from $78.00 to $71.00 and set a “neutral” rating for the company in a report on Friday, October 27th. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of Papa John’s International in a report on Tuesday, August 29th. Jefferies Group restated a “hold” rating and set a $65.00 price objective on shares of Papa John’s International in a report on Friday, November 3rd. Finally, Stifel Nicolaus restated a “hold” rating and set a $60.00 price objective on shares of Papa John’s International in a report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have assigned a buy rating to the company’s stock. Papa John’s International currently has an average rating of “Hold” and a consensus price target of $79.56.

In related news, Director Wayne Kent Taylor purchased 8,860 shares of Papa John’s International stock in a transaction dated Thursday, November 9th. The stock was purchased at an average cost of $57.53 per share, with a total value of $509,715.80. Following the transaction, the director now owns 30,822 shares in the company, valued at approximately $1,773,189.66. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 27.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PZZA. Public Employees Retirement System of Ohio raised its holdings in shares of Papa John’s International by 42.1% during the third quarter. Public Employees Retirement System of Ohio now owns 21,957 shares of the company’s stock valued at $1,604,000 after acquiring an additional 6,503 shares during the last quarter. Neuberger Berman Group LLC grew its position in Papa John’s International by 10.8% in the third quarter. Neuberger Berman Group LLC now owns 1,213,803 shares of the company’s stock worth $88,693,000 after acquiring an additional 118,212 shares during the period. California Public Employees Retirement System boosted its position in Papa John’s International by 2.6% during the 3rd quarter. California Public Employees Retirement System now owns 88,221 shares of the company’s stock worth $6,446,000 after purchasing an additional 2,221 shares during the period. Oppenheimer Asset Management Inc. purchased a new stake in Papa John’s International during the 3rd quarter worth $152,000. Finally, Allianz Asset Management GmbH boosted its position in Papa John’s International by 13.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 66,057 shares of the company’s stock worth $4,827,000 after purchasing an additional 7,889 shares during the period. Hedge funds and other institutional investors own 84.21% of the company’s stock.

Papa John’s International (PZZA) opened at $58.46 on Friday. The company has a debt-to-equity ratio of -8.26, a current ratio of 1.21 and a quick ratio of 1.01. Papa John’s International has a one year low of $55.05 and a one year high of $90.49. The company has a market cap of $2,010.00, a PE ratio of 20.69, a P/E/G ratio of 1.56 and a beta of 0.48.

The business also recently declared a quarterly dividend, which was paid on Friday, November 17th. Stockholders of record on Tuesday, November 7th were given a $0.225 dividend. This represents a $0.90 annualized dividend and a dividend yield of 1.54%. The ex-dividend date was Monday, November 6th. Papa John’s International’s payout ratio is 30.93%.

TRADEMARK VIOLATION NOTICE: This piece was first reported by American Banking News and is the property of of American Banking News. If you are viewing this piece on another site, it was illegally copied and reposted in violation of U.S. & international trademark & copyright legislation. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/12/01/papa-johns-international-inc-pzza-expected-to-announce-quarterly-sales-of-470-74-million.html.

Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Get a free copy of the Zacks research report on Papa John’s International (PZZA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Papa John`s International (NASDAQ:PZZA)

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.