Kraft Heinz (KHC) Set to Announce Earnings on Thursday

Kraft Heinz (NASDAQ:KHC) will be issuing its Q2 2019 quarterly earnings data before the market opens on Thursday, August 8th. Analysts expect the company to announce earnings of $0.75 per share for the quarter.

Shares of NASDAQ:KHC opened at $31.14 on Tuesday. The company has a 50 day moving average price of $31.21. The firm has a market capitalization of $37.99 billion, a PE ratio of 8.82, a price-to-earnings-growth ratio of 3.14 and a beta of 0.74. Kraft Heinz has a fifty-two week low of $26.96 and a fifty-two week high of $64.12. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.59.

KHC has been the topic of several analyst reports. Evercore ISI initiated coverage on shares of Kraft Heinz in a report on Tuesday, June 11th. They issued an “in-line” rating and a $32.00 target price on the stock. Zacks Investment Research raised shares of Kraft Heinz from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 24th. UBS Group cut their price objective on shares of Kraft Heinz from $39.00 to $35.00 and set a “neutral” rating on the stock in a report on Tuesday, May 7th. BidaskClub raised shares of Kraft Heinz from a “sell” rating to a “hold” rating in a report on Friday. Finally, Credit Suisse Group reissued a “sell” rating and set a $26.00 price objective on shares of Kraft Heinz in a report on Tuesday, July 2nd. Four investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and three have issued a buy rating to the company’s stock. Kraft Heinz has an average rating of “Hold” and an average price target of $41.22.

About Kraft Heinz

The Kraft Heinz Company manufactures and markets food and beverage products in the United States, Canada, Europe, and internationally. Its products include condiments and sauces, cheese and dairy products, meals, meats, refreshment beverages, coffee, and other grocery products. The company offers its products under the Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Capri Sun, Ore-Ida, Kool-Aid, Jell-O, Cracker Barrel, P'Tit Cheese, Tassimo, Classico, Plasmon, Pudliszki, Honig, HP, Benedicta, ABC, Master, Quero, Golden Circle, Wattie's, Glucon D, and Complan names.

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Earnings History for Kraft Heinz (NASDAQ:KHC)

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