PepsiCo (PEP) Releases FY18 Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $5.70 for the period, compared to the Thomson Reuters consensus estimate of $5.67.

Shares of PepsiCo (PEP) opened at $111.93 on Tuesday. The firm has a market cap of $158,113.86, a P/E ratio of 23.13, a PEG ratio of 2.87 and a beta of 0.62. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. PepsiCo has a fifty-two week low of $104.77 and a fifty-two week high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 13th. The company reported $1.31 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.01. The company had revenue of $19.53 billion during the quarter, compared to analyst estimates of $19.40 billion. PepsiCo had a net margin of 10.97% and a return on equity of 59.68%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $1.20 earnings per share. equities research analysts forecast that PepsiCo will post 5.22 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 30th. Stockholders of record on Friday, March 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 annualized dividend and a dividend yield of 2.88%. The ex-dividend date is Thursday, March 1st. PepsiCo’s payout ratio is 66.53%.

PEP has been the subject of several recent analyst reports. Zacks Investment Research raised shares of PepsiCo from a hold rating to a buy rating and set a $131.00 price objective for the company in a report on Monday, December 4th. SunTrust Banks initiated coverage on shares of PepsiCo in a report on Monday, January 29th. They set a hold rating and a $125.00 price objective for the company. Credit Suisse Group reissued a neutral rating and set a $124.00 price target (up from $122.00) on shares of PepsiCo in a research note on Thursday, February 1st. Wells Fargo & Co increased their price target on shares of PepsiCo from $110.00 to $115.00 and gave the company a market perform rating in a research note on Thursday, January 4th. Finally, BidaskClub cut shares of PepsiCo from a buy rating to a hold rating in a research note on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. PepsiCo currently has a consensus rating of Hold and an average target price of $123.77.

COPYRIGHT VIOLATION NOTICE: “PepsiCo (PEP) Releases FY18 Earnings Guidance” was reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/13/pepsico-pep-releases-fy18-earnings-guidance.html.

About PepsiCo

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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

Leave a Reply