General Mills (GIS) Posts Earnings Results, Meets Estimates
General Mills (NYSE:GIS) announced its quarterly earnings results on Wednesday. The company reported $0.82 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.82, Bloomberg Earnings reports. General Mills had a net margin of 10.68% and a return on equity of 39.82%. The firm had revenue of $4.20 billion during the quarter, compared to the consensus estimate of $4.08 billion. During the same quarter last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 2.1% compared to the same quarter last year.
General Mills (NYSE:GIS) opened at $58.76 on Thursday. The company has a market cap of $32,750.00, a P/E ratio of 19.20, a PEG ratio of 2.15 and a beta of 0.66. General Mills has a 1 year low of $49.65 and a 1 year high of $63.73. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.47 and a current ratio of 0.74.
The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be given a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 3.34%. General Mills’s dividend payout ratio (DPR) is presently 70.25%.
About General Mills
General Mills, Inc is a manufacturer and marketer of branded consumer foods sold through retail stores. The Company is a supplier of branded and unbranded food products to the North American foodservice and commercial baking industries. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice.
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