Zacks: Brokerages Anticipate General Mills, Inc. (NYSE:GIS) to Post $0.77 EPS
Brokerages expect General Mills, Inc. (NYSE:GIS) to report earnings of $0.77 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for General Mills’ earnings. The lowest EPS estimate is $0.75 and the highest is $0.79. General Mills posted earnings of $0.71 per share in the same quarter last year, which would indicate a positive year over year growth rate of 8.5%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, September 18th.
On average, analysts expect that General Mills will report full year earnings of $3.37 per share for the current fiscal year, with EPS estimates ranging from $3.35 to $3.40. For the next year, analysts expect that the company will report earnings of $3.49 per share, with EPS estimates ranging from $3.41 to $3.62. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that cover General Mills.
General Mills (NYSE:GIS) last released its quarterly earnings data on Wednesday, June 26th. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.76 by $0.07. General Mills had a return on equity of 27.67% and a net margin of 10.39%. The firm had revenue of $4.16 billion during the quarter, compared to analysts’ expectations of $4.24 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.
GIS traded up $0.58 on Monday, hitting $54.55. 308,520 shares of the stock traded hands, compared to its average volume of 3,475,866. General Mills has a 52 week low of $36.42 and a 52 week high of $56.40. The firm has a market capitalization of $32.64 billion, a PE ratio of 16.94, a P/E/G ratio of 2.29 and a beta of 0.74. The business has a fifty day moving average price of $54.00 and a two-hundred day moving average price of $51.89. The company has a current ratio of 0.59, a quick ratio of 0.37 and a debt-to-equity ratio of 1.58.
A number of large investors have recently bought and sold shares of GIS. Westside Investment Management Inc. purchased a new position in General Mills during the 2nd quarter valued at about $5,185,000. Krane Funds Advisors LLC bought a new stake in shares of General Mills in the second quarter worth approximately $25,000. Ellevest Inc. bought a new stake in shares of General Mills in the second quarter worth approximately $28,000. Capital International Ltd. CA bought a new stake in shares of General Mills in the second quarter worth approximately $30,000. Finally, Employers Holdings Inc. bought a new stake in shares of General Mills in the second quarter worth approximately $32,000. 68.74% of the stock is currently owned by hedge funds and other institutional investors.
About General Mills
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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