Kellanova (K) Projected to Post Earnings on Thursday

Kellanova (NYSE:K) is anticipated to release its earnings data before the market opens on Thursday, February 6th. Analysts expect Kellanova to post earnings of $0.31 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Kellanova (NYSE:K) last announced its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.06. Kellanova had a net margin of 7.85% and a return on equity of 37.05%. The business had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.16 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The business’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect Kellanova to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Kellanova Stock Performance

Shares of K opened at $81.76 on Thursday. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. The stock has a market cap of $28.18 billion, a P/E ratio of 28.09, a P/E/G ratio of 2.50 and a beta of 0.37. The business’s 50 day moving average price is $81.09 and its 200-day moving average price is $77.93. Kellanova has a 52 week low of $52.46 and a 52 week high of $82.06.

Analyst Ratings Changes

Several research analysts have recently issued reports on K shares. Argus downgraded shares of Kellanova from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. BNP Paribas cut Kellanova from an “outperform” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research report on Friday, November 1st. Finally, StockNews.com started coverage on Kellanova in a research note on Thursday, January 23rd. They set a “hold” rating on the stock. Fifteen research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.35.

Insider Transactions at Kellanova

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $81.21, for a total value of $9,305,285.43. Following the completion of the transaction, the insider now directly owns 49,222,442 shares in the company, valued at $3,997,354,514.82. This represents a 0.23 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders sold 1,031,247 shares of company stock worth $83,724,652 in the last three months. Corporate insiders own 1.80% of the company’s stock.

About Kellanova

Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles.