Kraft Heinz (NASDAQ:KHC – Get Free Report) announced its earnings results on Wednesday. The company reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01, Briefing.com reports. The business had revenue of $6.41 billion for the quarter, compared to analyst estimates of $6.43 billion. Kraft Heinz had a return on equity of 7.42% and a net margin of 10.72%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.68 earnings per share. Kraft Heinz updated its FY24 guidance to $3.01-3.07 EPS and its FY 2024 guidance to 3.010-3.070 EPS.
Kraft Heinz Stock Performance
Kraft Heinz stock traded up $0.44 during midday trading on Thursday, reaching $36.72. 11,372,163 shares of the stock traded hands, compared to its average volume of 8,157,192. The firm has a fifty day moving average price of $36.34 and a two-hundred day moving average price of $35.74. Kraft Heinz has a fifty-two week low of $30.68 and a fifty-two week high of $41.47. The firm has a market cap of $44.64 billion, a price-to-earnings ratio of 15.78, a PEG ratio of 3.07 and a beta of 0.65. The company has a current ratio of 0.99, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39.
Kraft Heinz Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be issued a $0.40 dividend. The ex-dividend date is Thursday, June 6th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.36%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.26%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on KHC
Kraft Heinz Company Profile
The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.
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