Analysts Expect Pinnacle Foods Inc (PF) Will Announce Earnings of $0.94 Per Share
Brokerages expect that Pinnacle Foods Inc (NYSE:PF) will post earnings of $0.94 per share for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Pinnacle Foods’ earnings, with the lowest EPS estimate coming in at $0.94 and the highest estimate coming in at $0.95. Pinnacle Foods posted earnings of $0.79 per share during the same quarter last year, which would indicate a positive year over year growth rate of 19%. The firm is expected to issue its next earnings report on Thursday, February 22nd.
On average, analysts expect that Pinnacle Foods will report full year earnings of $2.55 per share for the current fiscal year, with EPS estimates ranging from $2.55 to $2.56. For the next year, analysts anticipate that the firm will post earnings of $2.75 per share, with EPS estimates ranging from $2.72 to $2.77. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that cover Pinnacle Foods.
Pinnacle Foods (NYSE:PF) last announced its earnings results on Thursday, October 26th. The company reported $0.58 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.58. The firm had revenue of $749.80 million during the quarter, compared to analysts’ expectations of $753.10 million. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The company’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.53 EPS.
Shares of Pinnacle Foods (PF) traded up $0.14 during trading on Tuesday, hitting $59.15. The stock had a trading volume of 1,335,200 shares, compared to its average volume of 1,235,489. The stock has a market cap of $7,020.00, a PE ratio of 39.97, a price-to-earnings-growth ratio of 2.69 and a beta of 0.33. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. Pinnacle Foods has a 12-month low of $52.51 and a 12-month high of $66.67.
The company also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th were given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date was Monday, December 18th. Pinnacle Foods’s dividend payout ratio (DPR) is presently 87.84%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Hanseatic Management Services Inc. raised its position in Pinnacle Foods by 0.3% during the 2nd quarter. Hanseatic Management Services Inc. now owns 18,710 shares of the company’s stock valued at $1,111,000 after purchasing an additional 47 shares in the last quarter. Stifel Financial Corp raised its position in Pinnacle Foods by 0.7% during the 2nd quarter. Stifel Financial Corp now owns 22,881 shares of the company’s stock valued at $1,360,000 after purchasing an additional 155 shares in the last quarter. Castleark Management LLC raised its position in Pinnacle Foods by 0.4% during the 2nd quarter. Castleark Management LLC now owns 81,590 shares of the company’s stock valued at $4,846,000 after purchasing an additional 320 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Pinnacle Foods by 0.8% in the 2nd quarter. Sterling Capital Management LLC now owns 43,250 shares of the company’s stock worth $2,569,000 after acquiring an additional 343 shares in the last quarter. Finally, Zacks Investment Management raised its position in shares of Pinnacle Foods by 0.4% in the 2nd quarter. Zacks Investment Management now owns 99,460 shares of the company’s stock worth $5,908,000 after acquiring an additional 443 shares in the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.
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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