$0.76 Earnings Per Share Expected for General Mills, Inc. (GIS) This Quarter

Equities analysts predict that General Mills, Inc. (NYSE:GIS) will announce earnings of $0.76 per share for the current quarter, according to Zacks Investment Research. Five analysts have issued estimates for General Mills’ earnings, with the highest EPS estimate coming in at $0.80 and the lowest estimate coming in at $0.72. General Mills posted earnings per share of $0.72 in the same quarter last year, which indicates a positive year over year growth rate of 5.6%. The company is scheduled to announce its next quarterly earnings results on Tuesday, March 20th.

On average, analysts expect that General Mills will report full-year earnings of $3.12 per share for the current fiscal year, with EPS estimates ranging from $3.08 to $3.18. For the next fiscal year, analysts forecast that the company will post earnings of $3.26 per share, with EPS estimates ranging from $3.12 to $3.45. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover General Mills.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 20th. The company reported $0.82 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.82. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. General Mills had a return on equity of 38.89% and a net margin of 10.29%. The firm’s revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.85 EPS.

Several analysts have commented on GIS shares. Wells Fargo & Co raised General Mills from a “market perform” rating to an “outperform” rating and set a $63.00 price objective for the company in a research note on Monday, December 18th. Argus reaffirmed a “hold” rating on shares of General Mills in a research note on Wednesday, December 27th. Zacks Investment Research downgraded General Mills from a “hold” rating to a “sell” rating in a research note on Tuesday, November 21st. Jefferies Group started coverage on General Mills in a research note on Friday, October 20th. They set a “hold” rating and a $56.00 price objective for the company. Finally, Royal Bank of Canada set a $58.00 price objective on General Mills and gave the company a “hold” rating in a research note on Monday, October 23rd. Two investment analysts have rated the stock with a sell rating, sixteen have given a hold rating and four have given a buy rating to the company’s stock. General Mills has a consensus rating of “Hold” and an average price target of $58.28.

General Mills (NYSE:GIS) traded up $1.77 on Tuesday, reaching $55.78. The company’s stock had a trading volume of 5,553,289 shares, compared to its average volume of 3,432,940. The company has a current ratio of 0.81, a quick ratio of 0.53 and a debt-to-equity ratio of 1.79. The stock has a market cap of $31,310.00, a P/E ratio of 20.43, a PEG ratio of 2.47 and a beta of 0.61. General Mills has a 12-month low of $49.65 and a 12-month high of $63.73.

The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.51%. The ex-dividend date of this dividend was Tuesday, January 9th. General Mills’s dividend payout ratio is currently 71.79%.

In related news, insider Bethany C. Quam sold 8,712 shares of the company’s stock in a transaction that occurred on Tuesday, January 9th. The stock was sold at an average price of $59.40, for a total value of $517,492.80. Following the sale, the insider now owns 36,089 shares in the company, valued at approximately $2,143,686.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lenox Wealth Management Inc. grew its holdings in shares of General Mills by 0.3% in the 2nd quarter. Lenox Wealth Management Inc. now owns 3,242 shares of the company’s stock worth $180,000 after acquiring an additional 11 shares during the period. CFO4Life Group LLC grew its holdings in shares of General Mills by 1.3% in the 2nd quarter. CFO4Life Group LLC now owns 3,827 shares of the company’s stock worth $212,000 after acquiring an additional 48 shares during the period. Argent Trust Co grew its holdings in shares of General Mills by 0.6% in the 2nd quarter. Argent Trust Co now owns 16,141 shares of the company’s stock worth $894,000 after acquiring an additional 100 shares during the period. Associated Banc Corp grew its holdings in shares of General Mills by 0.3% in the 2nd quarter. Associated Banc Corp now owns 28,880 shares of the company’s stock worth $1,600,000 after acquiring an additional 100 shares during the period. Finally, McKinley Carter Wealth Services Inc. grew its holdings in shares of General Mills by 2.8% in the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 4,521 shares of the company’s stock worth $250,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 72.84% of the company’s stock.

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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.

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

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