Kraft Heinz (NASDAQ:KHC – Get Free Report) announced its quarterly earnings results on Wednesday. The company reported $0.69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01, Briefing.com reports. The firm had revenue of $6.41 billion during the quarter, compared to analysts’ expectations of $6.43 billion. Kraft Heinz had a net margin of 10.62% and a return on equity of 7.41%. The company’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $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 Price Performance
Shares of Kraft Heinz stock opened at $36.35 on Friday. The company has a 50-day simple moving average of $36.34 and a two-hundred day simple moving average of $35.75. Kraft Heinz has a twelve month low of $30.68 and a twelve month high of $41.44. The stock has a market capitalization of $44.14 billion, a price-to-earnings ratio of 15.87, a price-to-earnings-growth ratio of 2.92 and a beta of 0.65. The company has a quick ratio of 0.54, a current ratio of 1.09 and a debt-to-equity ratio of 0.40.
Kraft Heinz Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Thursday, June 6th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This represents a $1.60 annualized dividend and a dividend yield of 4.40%. Kraft Heinz’s dividend payout ratio (DPR) is presently 69.87%.
Analyst Ratings Changes
View Our Latest Research Report on KHC
About Kraft Heinz
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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