Brokerages Expect Pinnacle Foods Inc (PF) to Announce $0.94 EPS

Equities research analysts expect Pinnacle Foods Inc (NYSE:PF) to announce earnings per share (EPS) of $0.94 for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Pinnacle Foods’ earnings, with the highest EPS estimate coming in at $0.95 and the lowest estimate coming in at $0.94. Pinnacle Foods posted earnings per share of $0.79 during the same quarter last year, which indicates a positive year over year growth rate of 19%. The firm is scheduled to issue its next earnings results on Thursday, February 22nd.

According to Zacks, analysts expect that Pinnacle Foods will report full-year earnings of $2.55 per share for the current financial year, with EPS estimates ranging from $2.55 to $2.56. For the next fiscal year, analysts expect that the firm will report earnings of $2.75 per share, with EPS estimates ranging from $2.72 to $2.77. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow Pinnacle Foods.

Pinnacle Foods (NYSE:PF) last posted its earnings results on Thursday, October 26th. The company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Pinnacle Foods had a net margin of 5.65% and a return on equity of 14.63%. The business had revenue of $749.80 million for the quarter, compared to analyst estimates of $753.10 million. During the same quarter in the prior year, the firm earned $0.53 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year.

Several equities research analysts have recently weighed in on PF shares. Zacks Investment Research lowered shares of Pinnacle Foods from a “buy” rating to a “hold” rating in a report on Tuesday, October 31st. Credit Suisse Group lowered their target price on shares of Pinnacle Foods from $65.00 to $64.00 and set an “outperform” rating on the stock in a report on Wednesday, October 4th. Finally, Buckingham Research lowered their target price on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating on the stock in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Pinnacle Foods has a consensus rating of “Buy” and a consensus price target of $65.27.

A number of large investors have recently modified their holdings of PF. Fox Run Management L.L.C. bought a new stake in Pinnacle Foods during the 4th quarter worth about $290,000. Town & Country Bank & Trust CO dba First Bankers Trust CO acquired a new position in Pinnacle Foods during the 3rd quarter valued at about $294,000. M&T Bank Corp lifted its position in Pinnacle Foods by 34.0% during the 2nd quarter. M&T Bank Corp now owns 5,014 shares of the company’s stock valued at $300,000 after purchasing an additional 1,271 shares during the period. Institute for Wealth Management LLC. acquired a new position in Pinnacle Foods during the 2nd quarter valued at about $367,000. Finally, Icon Advisers Inc. Co. acquired a new position in Pinnacle Foods during the 2nd quarter valued at about $445,000. 95.28% of the stock is currently owned by hedge funds and other institutional investors.

Pinnacle Foods (PF) traded up $0.67 on Tuesday, hitting $60.72. 752,264 shares of the stock traded hands, compared to its average volume of 1,213,908. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. Pinnacle Foods has a fifty-two week low of $52.51 and a fifty-two week high of $66.67. The company has a market cap of $7,230.00, a price-to-earnings ratio of 41.03, a price-to-earnings-growth ratio of 2.73 and a beta of 0.33.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Tuesday, December 19th were issued a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Monday, December 18th. Pinnacle Foods’s dividend payout ratio is currently 87.84%.

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Pinnacle Foods Company Profile

Pinnacle Foods Inc is a manufacturer, marketer and distributor of branded food products in North America. The Company operates through four segments: Frozen segment, the Grocery segment, the Boulder segment and the Specialty segment. Its products are sold through supermarkets, grocery wholesalers and distributors, mass merchandisers, super centers, convenience stores, dollar stores, drug stores and warehouse clubs in the United States and Canada, as well as in military channels and foodservice locations.

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Earnings History and Estimates for Pinnacle Foods (NYSE:PF)

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