The Kraft Heinz Company (KHC) Scheduled to Post Earnings on Wednesday

The Kraft Heinz Company (NASDAQ:KHC) is set to release its earnings data after the market closes on Wednesday, November 1st. Analysts expect The Kraft Heinz to post earnings of $0.83 per share for the quarter.

The Kraft Heinz (NASDAQ:KHC) last issued its quarterly earnings results on Thursday, August 3rd. The company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.96 by $0.02. The Kraft Heinz had a return on equity of 7.52% and a net margin of 14.67%. The firm had revenue of $6.68 billion for the quarter, compared to analyst estimates of $6.73 billion. During the same period in the previous year, the company posted $0.85 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year. On average, analysts expect The Kraft Heinz to post $3.66 EPS for the current fiscal year and $3.96 EPS for the next fiscal year.

Shares of The Kraft Heinz Company (NASDAQ KHC) traded down 0.45% during trading on Monday, reaching $76.95. The company had a trading volume of 1,334,994 shares. The Kraft Heinz Company has a 12 month low of $76.12 and a 12 month high of $97.77. The firm has a 50 day moving average price of $78.65 and a 200 day moving average price of $85.62. The company has a market cap of $93.74 billion, a price-to-earnings ratio of 24.66 and a beta of 0.44.

Several equities analysts recently issued reports on the stock. Credit Suisse Group set a $100.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Saturday, July 29th. Susquehanna Bancshares Inc restated a “hold” rating on shares of The Kraft Heinz in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of The Kraft Heinz from a “hold” rating to a “sell” rating in a report on Tuesday, August 8th. Piper Jaffray Companies set a $92.00 target price on shares of The Kraft Heinz and gave the company a “hold” rating in a report on Wednesday, August 16th. Finally, Berenberg Bank set a $102.00 target price on shares of The Kraft Heinz and gave the company a “buy” rating in a report on Monday, August 7th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $95.53.

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About The Kraft Heinz

The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company’s segments include the United States, Canada and Europe.

Earnings History for The Kraft Heinz (NASDAQ:KHC)

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