Analysts expect that Kraft Heinz Co (NASDAQ:KHC) will report $6.90 billion in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kraft Heinz’s earnings, with the highest sales estimate coming in at $7.01 billion and the lowest estimate coming in at $6.82 billion. Kraft Heinz posted sales of $6.86 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.6%. The firm is expected to announce its next earnings report on Wednesday, February 21st.

According to Zacks, analysts expect that Kraft Heinz will report full year sales of $6.90 billion for the current fiscal year, with estimates ranging from $26.18 billion to $26.36 billion. For the next fiscal year, analysts expect that the business will post sales of $26.78 billion per share, with estimates ranging from $26.50 billion to $27.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Kraft Heinz.

Kraft Heinz (NASDAQ:KHC) last announced its quarterly earnings results on Wednesday, November 1st. The company reported $0.83 EPS for the quarter, hitting the consensus estimate of $0.83. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Kraft Heinz had a net margin of 15.03% and a return on equity of 7.49%. The business’s quarterly revenue was up .7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.83 EPS.

Several brokerages have commented on KHC. Royal Bank of Canada reiterated a “buy” rating and issued a $95.00 price target on shares of Kraft Heinz in a research note on Tuesday, October 3rd. Goldman Sachs Group cut shares of Kraft Heinz from a “buy” rating to a “neutral” rating and decreased their target price for the company from $95.00 to $87.00 in a research report on Wednesday, October 4th. Credit Suisse Group restated an “outperform” rating and set a $90.00 target price (down from $100.00) on shares of Kraft Heinz in a research report on Thursday, November 2nd. Piper Jaffray Companies upgraded shares of Kraft Heinz from a “neutral” rating to an “overweight” rating and decreased their target price for the company from $92.00 to $90.00 in a research report on Friday, October 6th. Finally, Stifel Nicolaus restated a “buy” rating and set a $95.00 target price on shares of Kraft Heinz in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $92.49.

A number of hedge funds have recently modified their holdings of the business. Blue Chip Partners Inc. boosted its stake in shares of Kraft Heinz by 0.5% during the second quarter. Blue Chip Partners Inc. now owns 1,484 shares of the company’s stock valued at $127,000 after purchasing an additional 8 shares in the last quarter. Martingale Asset Management L P boosted its stake in shares of Kraft Heinz by 0.5% during the second quarter. Martingale Asset Management L P now owns 2,724 shares of the company’s stock valued at $234,000 after purchasing an additional 13 shares in the last quarter. Ropes Wealth Advisors LLC boosted its stake in shares of Kraft Heinz by 0.4% during the second quarter. Ropes Wealth Advisors LLC now owns 3,841 shares of the company’s stock valued at $329,000 after purchasing an additional 17 shares in the last quarter. Linscomb & Williams Inc. boosted its stake in shares of Kraft Heinz by 0.3% during the second quarter. Linscomb & Williams Inc. now owns 7,564 shares of the company’s stock valued at $648,000 after purchasing an additional 21 shares in the last quarter. Finally, Comerica Securities Inc. boosted its stake in shares of Kraft Heinz by 0.3% during the second quarter. Comerica Securities Inc. now owns 7,662 shares of the company’s stock valued at $656,000 after purchasing an additional 23 shares in the last quarter. Institutional investors and hedge funds own 62.01% of the company’s stock.

Shares of Kraft Heinz (NASDAQ:KHC) traded up $1.29 during mid-day trading on Wednesday, reaching $78.64. 5,327,700 shares of the company’s stock traded hands, compared to its average volume of 3,857,130. The stock has a market cap of $97,580.00 and a PE ratio of 24.50. Kraft Heinz has a 1-year low of $75.21 and a 1-year high of $97.77. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.43 and a current ratio of 0.77.

COPYRIGHT VIOLATION WARNING: “$6.90 Billion in Sales Expected for Kraft Heinz Co (KHC) This Quarter” was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark law. The original version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/01/17/6-90-billion-in-sales-expected-for-kraft-heinz-co-khc-this-quarter-2.html.

Kraft Heinz Company Profile

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Get a free copy of the Zacks research report on Kraft Heinz (KHC)

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

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