Wall Street analysts expect that Pinnacle Foods, Inc. (NYSE:PF) will announce sales of $750.52 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Pinnacle Foods’ earnings. The lowest sales estimate is $740.46 million and the highest is $758.00 million. Pinnacle Foods posted sales of $758.82 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.1%. The business is scheduled to issue its next earnings report on Thursday, October 26th.

On average, analysts expect that Pinnacle Foods will report full-year sales of $750.52 million for the current fiscal year, with estimates ranging from $3.13 billion to $3.20 billion. For the next financial year, analysts anticipate that the company will post sales of $3.13 billion per share, with estimates ranging from $3.09 billion to $3.18 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Pinnacle Foods.

Pinnacle Foods (NYSE:PF) last posted its quarterly earnings results on Thursday, July 27th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.01. Pinnacle Foods had a net margin of 5.82% and a return on equity of 14.47%. The company had revenue of $744.61 million for the quarter, compared to analyst estimates of $764.41 million. During the same quarter in the previous year, the firm posted $0.42 earnings per share. The company’s quarterly revenue was down 1.6% compared to the same quarter last year.

A number of research analysts have recently issued reports on the company. UBS AG reiterated a “buy” rating and set a $65.00 target price on shares of Pinnacle Foods in a research report on Monday. BidaskClub raised Pinnacle Foods from a “sell” rating to a “hold” rating in a research note on Friday, August 18th. Berenberg Bank began coverage on Pinnacle Foods in a research note on Tuesday, May 16th. They issued a “buy” rating and a $68.00 target price for the company. BMO Capital Markets reaffirmed a “buy” rating and issued a $63.00 target price on shares of Pinnacle Foods in a research note on Tuesday, June 27th. Finally, J P Morgan Chase & Co reaffirmed an “overweight” rating and issued a $68.00 target price (up from $65.00) on shares of Pinnacle Foods in a research note on Wednesday, June 28th. Two research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $65.36.

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Pinnacle Foods (NYSE PF) traded down 0.54% during mid-day trading on Friday, hitting $59.05. 950,139 shares of the stock traded hands. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 38.47 and a beta of 0.34. The company’s 50 day moving average price is $59.83 and its 200-day moving average price is $59.00. Pinnacle Foods has a 1-year low of $46.36 and a 1-year high of $66.67.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 9th. Stockholders of record on Tuesday, August 29th will be issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Pinnacle Foods’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend is Friday, August 25th. Pinnacle Foods’s payout ratio is 74.51%.

In other Pinnacle Foods news, EVP Mark L. Schiller sold 17,038 shares of the company’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $60.61, for a total transaction of $1,032,673.18. Following the completion of the sale, the executive vice president now directly owns 74,832 shares in the company, valued at $4,535,567.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Mark L. Schiller sold 50,000 shares of the company’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $59.37, for a total value of $2,968,500.00. Following the sale, the executive vice president now owns 96,377 shares of the company’s stock, valued at $5,721,902.49. The disclosure for this sale can be found here. Over the last three months, insiders sold 151,777 shares of company stock valued at $9,028,984. Insiders own 1.34% of the company’s stock.

Several large investors have recently modified their holdings of PF. Tower Research Capital LLC TRC increased its stake in shares of Pinnacle Foods by 599.0% in the first quarter. Tower Research Capital LLC TRC now owns 2,097 shares of the company’s stock valued at $121,000 after buying an additional 1,797 shares during the last quarter. First Quadrant L P CA acquired a new position in shares of Pinnacle Foods during the second quarter worth approximately $122,000. Acrospire Investment Management LLC increased its position in shares of Pinnacle Foods by 107.1% in the first quarter. Acrospire Investment Management LLC now owns 2,900 shares of the company’s stock worth $168,000 after buying an additional 1,500 shares in the last quarter. Harbour Capital Advisors LLC acquired a new position in shares of Pinnacle Foods during the first quarter worth approximately $204,000. Finally, M&T Bank Corp acquired a new position in shares of Pinnacle Foods during the first quarter worth approximately $217,000. 95.44% of the stock is owned by institutional investors.

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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