Kellogg Co shares up in early trade after third quarter beats estimates

Angelo Anderson
Октября 31, 2017

Kellogg Company shares rose $2.38 (+4.04%) in premarket trading Tuesday. Zacks Investment Research downgraded Kellogg from a "buy" rating to a "hold" rating in a report on Friday, August 4th.

John Bryant, Kellogg Company's chairman said, "Our third quarter played out as expected".

In terms of earnings per share, 17 analysts have a 1.01 EPS mean target for the quarter ending Dec-17, for the quarter ending Mar-18, 15 analysts have a 1.04 EPS mean target and for the quarter ending Mar-18 there are 20 estimates of 3.97 EPS. Susquehanna Bancshares Inc restated a hold rating on shares of Kellogg in a report on Thursday, August 3rd.

The stock decreased 2.31% or $1.39 during the last trading session, hitting $59.45. Kellogg's revenue for the quarter was up.6% compared to the same quarter past year. During the same period in the previous year, the firm earned $0.96 earnings per share.

Kellogg's net sales rose 0.6 percent to $3.27 billion, while analysts on average had expected it to drop 1.4 percent to $3.21 billion.

Читайте также: Jennifer Lopez & Alex Rodriguez Recall First Date

TRADEMARK VIOLATION WARNING: This report was originally published by TrueBlueTribune and is the sole property of of TrueBlueTribune.

Kellogg Co K.N surprised investors on Tuesday with its first quarterly sales increase in more than two years, showing it was turning a corner after massive cost cuts and a shift to healthier products, sending its shares up 7 percent. The stock has a 50 day moving average of $63.20 and a 200 day moving average of $68.05. The stock has a market cap of $21.47 billion, a P/E ratio of 28.16 and a beta of 0.48. If you are viewing this story on another publication, it was stolen and republished in violation of USA & global trademark and copyright law. Deutsche Bank AG restated a hold rating and set a $74.00 price objective (up previously from $71.00) on shares of Kellogg in a report on Wednesday, August 9th. On average, equities research analysts predict that Kellogg Company will post $3.97 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 15th. This represents a $2.16 annualized dividend and a yield of 3.67%. Kellogg's dividend payout ratio (DPR) is now 97.74%. Kellogg has a consensus rating of Hold and an average target price of $72.27.

Revenue was US$3.27bn, higher from the year-on-year figure of US$3.25bn, again beating market consensus of US$3.21bn, the maker of ready-to-eat cereal and convenience food.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2019 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Other reports by

Discuss This Article