Can Hershey Deliver Yet Another Positive Earnings Surprise?
Hershey (HSY) is slated to report its 1Q17 results on Wednesday, April 26.
In the past three fiscal years, McCormick has returned more than $1.0 billion to its shareholders in the form of dividends and share buybacks.
Despite a slow-growth scenario in the food industry, McCormick has driven sales through strategic acquisitions and price restructuring.
McCormick stock has risen about 7.2% YTD as of April 6, 2017, reflecting the company’s ability to drive sales despite a softness in the industry.
As of March 24, 2017, Conagra Brands (CAG) was trading at a 12-month forward PE (price-to-earnings) ratio of 21.9x.
About 64.0% of analysts covering Conagra (CAG) have recommended a “buy” for the stock, and 29.0% have recommended a “hold.”
Conagra Brands’ (CAG) adjusted gross margin expanded in fiscal 3Q17, despite lower sales and gross profit dollars.
Conagra Brands’ (CAG) business segments saw volumes fall due to its planned exit from several underperforming products.
Conagra Brands’ (CAG) fiscal 3Q17 sales of $1.98 billion fell marginally short of Wall Street’s expectations of $1.99 billion.
Conagra Brands’ (CAG) fiscal 3Q17 EPS topped analysts’ estimates. But sales fell again YoY and missed Wall Street analysts’ consensus estimate.
On March 23, 2017, Conagra Brands (CAG) reported mixed results for fiscal 3Q17, which ended February 26, 2017. The results showed signs of improvement.
Of the 19 analysts that cover General Mills, 10.5% rated it as a “buy,” 68.4% rated it as a “hold,” and 21.1% rated it as a “sell.”
As of March 23, 2017, General Mills was trading at a PE multiple of 18.5x—compared to 18.6x before the announcement of its fiscal 3Q17 earnings.
In fiscal 3Q17, General Mills posted diluted EPS of $0.61. After removing special or one-time expenses, the adjusted EPS stood at $0.72.
In fiscal 3Q17, General Mills (GIS) posted a gross margin, EBITDA margin, and net margin of 34.9%, 20.7%, and 11.2%, respectively.
Of the 18 analysts that cover General Mills (GIS), 16.7% gave it a “buy” recommendation, 72.2% gave it a “hold” recommendation, and 11.1% gave it a “sell” recommendation.
Analysts expect General Mills (GIS) to post EPS growth of 9.9% in the next four quarters.
General Mills (GIS) paid $0.48 in dividends on January 6, 2017, taking the total for fiscal 2017 to $1.44.
In fiscal 2Q17, the US Retail segment accounted for 61.3% of General Mills’s (GIS) total revenues.
Analysts expect General Mills (GIS) to post a gross margin of 36.4% in fiscal 3Q17, up from 34.8% in fiscal 3Q16.