Wall Street brokerages forecast that Pinnacle Foods Inc (NYSE:PF) will report $909.26 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Pinnacle Foods’ earnings. The highest sales estimate is $930.00 million and the lowest is $894.59 million. Pinnacle Foods reported sales of $858.48 million in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The business is scheduled to report its next quarterly earnings report on Thursday, February 22nd.
On average, analysts expect that Pinnacle Foods will report full-year sales of $909.26 million for the current year, with estimates ranging from $3.15 billion to $3.19 billion. For the next financial year, analysts anticipate that the firm will report sales of $3.16 billion per share, with estimates ranging from $3.13 billion to $3.22 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Pinnacle Foods.
Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Pinnacle Foods had a return on equity of 14.63% and a net margin of 5.65%. The business had revenue of $749.80 million during the quarter, compared to the consensus estimate of $753.10 million. During the same period in the prior year, the company posted $0.53 EPS. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year.
Pinnacle Foods (NYSE:PF) opened at $60.00 on Thursday. Pinnacle Foods has a 52 week low of $52.51 and a 52 week high of $66.67. The company has a quick ratio of 0.81, a current ratio of 1.80 and a debt-to-equity ratio of 1.49. The firm has a market capitalization of $7,140.00, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 2.69 and a beta of 0.33.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Tuesday, December 19th were issued a dividend of $0.325 per share. The ex-dividend date was Monday, December 18th. This represents a $1.30 annualized dividend and a dividend yield of 2.17%. Pinnacle Foods’s dividend payout ratio (DPR) is 87.84%.
Institutional investors and hedge funds have recently modified their holdings of the company. BT Investment Management Ltd raised its holdings in shares of Pinnacle Foods by 25.5% during the 3rd quarter. BT Investment Management Ltd now owns 14,499 shares of the company’s stock worth $829,000 after acquiring an additional 2,944 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of Pinnacle Foods by 11.1% during the 3rd quarter. Janus Henderson Group PLC now owns 253,220 shares of the company’s stock worth $14,477,000 after acquiring an additional 25,200 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Pinnacle Foods by 18.4% during the 3rd quarter. Legal & General Group Plc now owns 82,648 shares of the company’s stock worth $4,726,000 after acquiring an additional 12,866 shares in the last quarter. Davidson Kempner Capital Management LP purchased a new stake in shares of Pinnacle Foods during the 2nd quarter worth approximately $26,730,000. Finally, Jana Partners LLC raised its holdings in shares of Pinnacle Foods by 49.8% during the 3rd quarter. Jana Partners LLC now owns 1,148,898 shares of the company’s stock worth $65,682,000 after acquiring an additional 381,778 shares in the last quarter. 95.28% of the stock is currently owned by institutional investors and hedge funds.
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About Pinnacle Foods
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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