Kraft Heinz (KHC) to Release Earnings on Wednesday

Kraft Heinz (NASDAQ:KHC) will likely be issuing its quarterly earnings data before the market opens on Wednesday, February 12th. Analysts expect the company to announce earnings of $0.78 per share and revenue of $6.67 billion for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Kraft Heinz Stock Performance

Shares of KHC stock opened at $28.70 on Wednesday. The company has a current ratio of 1.06, a quick ratio of 0.56 and a debt-to-equity ratio of 0.40. The company’s fifty day moving average price is $30.36 and its 200-day moving average price is $33.00. The stock has a market cap of $34.70 billion, a PE ratio of 25.86, a price-to-earnings-growth ratio of 3.82 and a beta of 0.47. Kraft Heinz has a 12 month low of $28.37 and a 12 month high of $38.96.

Analyst Upgrades and Downgrades

KHC has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of Kraft Heinz from $34.00 to $30.00 and set a “hold” rating on the stock in a report on Wednesday, January 29th. Piper Sandler restated a “neutral” rating and issued a $35.00 price target (down previously from $40.00) on shares of Kraft Heinz in a research note on Tuesday, November 19th. Evercore ISI reaffirmed an “in-line” rating and set a $35.00 price objective (down previously from $38.00) on shares of Kraft Heinz in a research report on Tuesday, January 7th. Stifel Nicolaus dropped their target price on Kraft Heinz from $35.00 to $32.00 and set a “hold” rating on the stock in a report on Friday, January 24th. Finally, JPMorgan Chase & Co. reduced their price target on Kraft Heinz from $36.00 to $32.00 and set a “neutral” rating for the company in a report on Friday, January 31st. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.07.

About Kraft Heinz

The Kraft Heinz Company, together with its subsidiaries, manufactures and markets food and beverage products in North America and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Maxwell House, Kool-Aid, Jell-O, Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki, and Plasmon brands.