Wall Street analysts expect that General Mills, Inc. (NYSE:GIS) will announce earnings per share (EPS) of $0.82 for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for General Mills’ earnings. The lowest EPS estimate is $0.80 and the highest is $0.84. General Mills reported earnings per share of $0.85 during the same quarter last year, which suggests a negative year-over-year growth rate of 3.5%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, December 20th.

According to Zacks, analysts expect that General Mills will report full-year earnings of $3.10 per share for the current year, with EPS estimates ranging from $3.08 to $3.13. For the next fiscal year, analysts forecast that the company will report earnings of $3.23 per share, with EPS estimates ranging from $3.12 to $3.36. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover General Mills.

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

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded General Mills from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. BidaskClub upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Tuesday, August 22nd. Wells Fargo & Company upgraded General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price objective on the stock in a research note on Monday. Susquehanna Bancshares reiterated a “hold” rating and set a $58.00 price objective on shares of General Mills in a research note on Tuesday, September 19th. Finally, Consumer Edge upgraded General Mills from a “sell” rating to a “neutral” rating in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $57.21.

A number of institutional investors have recently bought and sold shares of GIS. Cornerstone Wealth Management LLC purchased a new position in shares of General Mills in the 1st quarter worth about $275,000. RFG Advisory Group LLC purchased a new position in shares of General Mills in the 1st quarter worth about $297,000. Opus Investment Management Inc. boosted its holdings in shares of General Mills by 11.3% in the 1st quarter. Opus Investment Management Inc. now owns 98,700 shares of the company’s stock worth $5,824,000 after purchasing an additional 10,000 shares in the last quarter. Ngam Advisors L.P. boosted its holdings in shares of General Mills by 15.5% in the 1st quarter. Ngam Advisors L.P. now owns 20,405 shares of the company’s stock worth $1,204,000 after purchasing an additional 2,732 shares in the last quarter. Finally, Financial Counselors Inc. boosted its holdings in shares of General Mills by 25.8% in the 1st quarter. Financial Counselors Inc. now owns 133,474 shares of the company’s stock worth $7,876,000 after purchasing an additional 27,345 shares in the last quarter. Institutional investors and hedge funds own 72.78% of the company’s stock.

General Mills (NYSE:GIS) traded up $0.76 during trading hours on Monday, hitting $56.89. The company had a trading volume of 9,335,700 shares, compared to its average volume of 3,738,622. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74. General Mills has a 12 month low of $49.65 and a 12 month high of $63.74. The company has a market cap of $32,332.80, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 2.12 and a beta of 0.66.

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About General Mills

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.

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Earnings History and Estimates for General Mills (NYSE:GIS)

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