General Mills (NYSE:GIS) is scheduled to post its quarterly earnings results before the market opens on Wednesday, September 18th. Analysts expect General Mills to post earnings of $0.77 per share for the quarter. General Mills has set its FY 2020 guidance at $3.32-3.38 EPS.
General Mills (NYSE:GIS) last released its earnings results on Wednesday, June 26th. The company reported $0.83 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.07. General Mills had a net margin of 10.39% and a return on equity of 27.67%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same period in the prior year, the company earned $0.79 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. On average, analysts expect General Mills to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.
Shares of General Mills stock opened at $54.53 on Wednesday. The company has a debt-to-equity ratio of 1.58, a current ratio of 0.59 and a quick ratio of 0.37. The company has a market cap of $33.17 billion, a PE ratio of 16.93, a price-to-earnings-growth ratio of 2.33 and a beta of 0.74. The firm has a fifty day moving average price of $53.93 and a two-hundred day moving average price of $51.81. General Mills has a fifty-two week low of $36.42 and a fifty-two week high of $56.40.
Several research firms have recently issued reports on GIS. Goldman Sachs Group downgraded shares of General Mills from a “neutral” rating to a “sell” rating and set a $41.00 price objective on the stock. in a report on Tuesday, May 28th. Piper Jaffray Companies increased their target price on shares of General Mills from $50.00 to $56.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. Guggenheim lifted their target price on General Mills from $58.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Edward Jones upgraded General Mills from a “hold” rating to a “buy” rating in a research note on Monday, July 15th. Finally, Bank of America restated a “neutral” rating and set a $49.00 price target on shares of General Mills in a research note on Friday, May 17th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. General Mills presently has a consensus rating of “Hold” and an average price target of $52.98.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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