General Mills (GIS) Scheduled to Post Quarterly Earnings on Monday

General Mills (NYSE:GIS) is scheduled to be announcing its earnings results before the market opens on Monday, December 18th. Analysts expect the company to announce earnings of $0.85 per share for the quarter. General Mills has set its FY18 guidance at $3.12-3.15 EPS.

General Mills (NYSE:GIS) last posted its quarterly earnings results on Wednesday, September 20th. The company reported $0.71 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.05). The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.79 billion. General Mills had a return on equity of 39.82% and a net margin of 10.68%. General Mills’s revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.78 earnings per share. On average, analysts expect General Mills to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of General Mills (NYSE GIS) opened at $55.84 on Monday. The firm has a market capitalization of $31,730.37, a P/E ratio of 18.55, a PEG ratio of 2.08 and a beta of 0.66. General Mills has a 1 year low of $49.65 and a 1 year high of $64.06. The company has a debt-to-equity ratio of 1.83, a current ratio of 0.74 and a quick ratio of 0.47.

A number of equities research analysts have recently weighed in on GIS shares. Zacks Investment Research lowered General Mills from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Jefferies Group started coverage on General Mills in a research report on Friday, October 20th. They issued a “hold” rating and a $56.00 price objective on the stock. Royal Bank Of Canada set a $58.00 price objective on General Mills and gave the stock a “hold” rating in a research report on Monday, October 23rd. Societe Generale upgraded General Mills from a “sell” rating to a “hold” rating in a research report on Wednesday, November 8th. Finally, Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Four research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $56.60.

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General Mills Company Profile

General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.

Earnings History for General Mills (NYSE:GIS)

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