Pinnacle Foods (NYSE:PF) will be issuing its quarterly earnings data before the market opens on Thursday, March 1st. Analysts expect the company to announce earnings of $0.95 per share for the quarter.
Pinnacle Foods (PF) opened at $55.40 on Thursday. The company has a current ratio of 1.80, a quick ratio of 0.81 and a debt-to-equity ratio of 1.49. The stock has a market cap of $6,960.06, a PE ratio of 37.43, a price-to-earnings-growth ratio of 2.62 and a beta of 0.34. Pinnacle Foods has a 52-week low of $52.81 and a 52-week high of $66.67.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 11th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date is Monday, February 26th. Pinnacle Foods’s payout ratio is currently 87.84%.
PF has been the subject of a number of research reports. Zacks Investment Research cut shares of Pinnacle Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, February 6th. JPMorgan Chase & Co. lifted their target price on shares of Pinnacle Foods from $63.00 to $64.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 13th. Credit Suisse Group cut their target price on shares of Pinnacle Foods from $64.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, October 27th. Finally, Buckingham Research cut their target price on shares of Pinnacle Foods from $68.00 to $62.00 and set a “buy” rating for the company in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Pinnacle Foods has a consensus rating of “Buy” and an average target price of $64.91.
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About Pinnacle Foods
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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