Kellanova (K) to Release Quarterly Earnings on Thursday

Kellanova (NYSE:K) will likely be announcing its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.31 per share for the quarter. Parties that are interested in registering for the company’s earnings conference call can do so using this link.

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

Kellanova Stock Down 0.1 %

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

Insider Buying and Selling

In other Kellanova news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business’s stock in a transaction that occurred on Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total value of $9,385,493.53. Following the completion of the sale, the insider now owns 48,305,778 shares in the company, valued at approximately $3,956,726,275.98. The trade was a 0.24 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders sold 1,031,247 shares of company stock worth $83,724,652 in the last quarter. 1.80% of the stock is owned by insiders.

Analysts Set New Price Targets

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

Kellanova Company Profile

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.