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.

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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)

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