Analysts Expect Papa John’s Int’l, Inc. (PZZA) to Announce $0.30 Earnings Per Share

Equities analysts predict that Papa John’s Int’l, Inc. (NASDAQ:PZZA) will post earnings per share (EPS) of $0.30 for the current quarter, according to Zacks. Two analysts have issued estimates for Papa John’s Int’l’s earnings. Papa John’s Int’l posted earnings per share of $0.65 during the same quarter last year, which indicates a negative year over year growth rate of 53.8%. The firm is expected to announce its next quarterly earnings report on Tuesday, February 26th.

According to Zacks, analysts expect that Papa John’s Int’l will report full year earnings of $1.47 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.50. For the next financial year, analysts expect that the business will post earnings of $1.54 per share, with EPS estimates ranging from $1.35 to $1.85. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last announced its earnings results on Tuesday, November 6th. The company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.03). The business had revenue of $364.01 million for the quarter, compared to analyst estimates of $390.62 million. Papa John’s Int’l had a negative return on equity of 27.98% and a net margin of 2.64%. The business’s revenue was down 15.7% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.60 EPS.

A number of brokerages have issued reports on PZZA. BidaskClub upgraded shares of Papa John’s Int’l from a “strong sell” rating to a “sell” rating in a research report on Saturday, September 29th. ValuEngine upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating in a research report on Friday, September 28th. Zacks Investment Research downgraded shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a report on Wednesday. Stifel Nicolaus upgraded shares of Papa John’s Int’l from a “sell” rating to a “hold” rating and lifted their price target for the stock from $35.00 to $38.00 in a report on Wednesday, August 15th. Finally, Longbow Research upgraded shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 13th. One analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $59.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Epoch Investment Partners Inc. grew its holdings in shares of Papa John’s Int’l by 7.1% during the second quarter. Epoch Investment Partners Inc. now owns 717,777 shares of the company’s stock worth $36,406,000 after buying an additional 47,448 shares in the last quarter. Credit Suisse AG grew its holdings in shares of Papa John’s Int’l by 1,565.4% during the third quarter. Credit Suisse AG now owns 563,736 shares of the company’s stock worth $28,909,000 after buying an additional 529,887 shares in the last quarter. FIL Ltd purchased a new stake in shares of Papa John’s Int’l during the third quarter worth about $24,598,000. Point72 Asset Management L.P. grew its holdings in shares of Papa John’s Int’l by 34.5% during the third quarter. Point72 Asset Management L.P. now owns 395,419 shares of the company’s stock worth $20,277,000 after buying an additional 101,376 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its holdings in shares of Papa John’s Int’l by 231.7% during the third quarter. Canada Pension Plan Investment Board now owns 222,900 shares of the company’s stock worth $11,430,000 after buying an additional 155,700 shares in the last quarter. Institutional investors and hedge funds own 80.47% of the company’s stock.

Shares of PZZA opened at $45.08 on Friday. The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 17.21, a price-to-earnings-growth ratio of 2.47 and a beta of 0.19. Papa John’s Int’l has a 12-month low of $38.05 and a 12-month high of $69.45.

The company also recently declared a quarterly dividend, which was paid on Friday, November 23rd. Stockholders of record on Monday, November 12th were issued a dividend of $0.225 per share. The ex-dividend date was Thursday, November 8th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 2.00%. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 34.35%.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

Read More: What is the NASDAQ?

Get a free copy of the Zacks research report on Papa John’s Int’l (PZZA)

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

Earnings History and Estimates for Papa John`s Int`l (NASDAQ:PZZA)

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

Leave a Reply