PepsiCo, Inc. (PEP) Expected to Post Earnings of $0.93 Per Share

Wall Street analysts expect PepsiCo, Inc. (NASDAQ:PEP) to post earnings of $0.93 per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for PepsiCo’s earnings. The highest EPS estimate is $0.98 and the lowest is $0.89. PepsiCo posted earnings per share of $0.96 in the same quarter last year, which would indicate a negative year-over-year growth rate of 3.1%. The company is scheduled to announce its next quarterly earnings results on Thursday, April 25th.

On average, analysts expect that PepsiCo will report full year earnings of $5.57 per share for the current year, with EPS estimates ranging from $5.49 to $6.00. For the next fiscal year, analysts anticipate that the business will report earnings of $5.97 per share, with EPS estimates ranging from $5.91 to $6.10. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that cover PepsiCo.

PepsiCo (NASDAQ:PEP) last released its earnings results on Friday, February 15th. The company reported $1.49 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $1.49. The company had revenue of $19.52 billion for the quarter, compared to the consensus estimate of $19.52 billion. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. PepsiCo’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.31 earnings per share.

Several equities analysts recently weighed in on the company. Zacks Investment Research downgraded PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, December 12th. Gabelli restated a “buy” rating on shares of PepsiCo in a research report on Tuesday. Morgan Stanley boosted their price objective on PepsiCo from $125.00 to $130.00 and gave the company an “overweight” rating in a research report on Tuesday. Barclays restated a “hold” rating and issued a $111.00 price objective (up from $104.00) on shares of PepsiCo in a research report on Monday. Finally, BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. One research analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $119.83.

Large investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its stake in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the last quarter. Vanguard Group Inc increased its stake in PepsiCo by 1.4% during the third quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after acquiring an additional 1,595,038 shares during the last quarter. BlackRock Inc. increased its stake in PepsiCo by 2.4% during the fourth quarter. BlackRock Inc. now owns 97,102,071 shares of the company’s stock worth $10,727,836,000 after acquiring an additional 2,275,511 shares during the last quarter. Oregon Public Employees Retirement Fund increased its stake in PepsiCo by 10,622.9% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 34,704,199 shares of the company’s stock worth $314,000 after acquiring an additional 34,380,553 shares during the last quarter. Finally, Northern Trust Corp increased its stake in PepsiCo by 3.2% during the fourth quarter. Northern Trust Corp now owns 20,185,841 shares of the company’s stock worth $2,230,132,000 after acquiring an additional 623,727 shares during the last quarter. Institutional investors own 70.08% of the company’s stock.

NASDAQ PEP traded down $0.10 on Wednesday, hitting $115.83. 5,486,847 shares of the company traded hands, compared to its average volume of 5,434,779. The company has a market capitalization of $163.34 billion, a PE ratio of 20.46, a price-to-earnings-growth ratio of 3.01 and a beta of 0.62. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99. PepsiCo has a 52-week low of $95.94 and a 52-week high of $122.00.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a $0.9275 dividend. The ex-dividend date is Thursday, February 28th. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.20%. PepsiCo’s dividend payout ratio is currently 65.55%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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