General Mills (NYSE:GIS – Get Free Report) issued its quarterly earnings data on Wednesday. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01, Briefing.com reports. General Mills had a net margin of 12.57% and a return on equity of 26.56%. The business had revenue of $4.85 billion during the quarter, compared to analyst estimates of $4.80 billion. During the same quarter last year, the business earned $1.09 EPS. The firm’s quarterly revenue was down 1.2% on a year-over-year basis.
General Mills Price Performance
GIS stock opened at $74.99 on Thursday. The company has a debt-to-equity ratio of 1.17, a current ratio of 0.65 and a quick ratio of 0.38. The company’s 50-day moving average is $69.45 and its 200-day moving average is $68.40. The stock has a market capitalization of $41.86 billion, a PE ratio of 17.40, a price-to-earnings-growth ratio of 3.86 and a beta of 0.10. General Mills has a 1 year low of $60.33 and a 1 year high of $75.90.
General Mills Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 1st. Stockholders of record on Wednesday, July 10th were issued a dividend of $0.60 per share. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $2.40 annualized dividend and a dividend yield of 3.20%. This is a positive change from General Mills’s previous quarterly dividend of $0.59. General Mills’s dividend payout ratio is currently 55.68%.
Wall Street Analyst Weigh In
View Our Latest Analysis on General Mills
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.
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