Krispy Kreme (DNUT) to Release Quarterly Earnings on Tuesday

Krispy Kreme (NASDAQ:DNUT) is projected to announce its earnings results before the market opens on Tuesday, February 25th. Analysts expect the company to announce earnings of $0.10 per share and revenue of $413.18 million for the quarter.

Krispy Kreme Trading Up 1.7 %

Shares of Krispy Kreme stock opened at $9.27 on Friday. The firm has a 50-day simple moving average of $9.19 and a two-hundred day simple moving average of $10.43. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.28 and a current ratio of 0.35. Krispy Kreme has a fifty-two week low of $8.34 and a fifty-two week high of $17.84. The company has a market cap of $1.58 billion, a P/E ratio of 54.50, a price-to-earnings-growth ratio of 3.19 and a beta of 1.34.

Krispy Kreme Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 7th. Investors of record on Wednesday, April 23rd will be paid a $0.035 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Wednesday, April 23rd. Krispy Kreme’s dividend payout ratio is presently 82.35%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DNUT. Morgan Stanley decreased their price target on shares of Krispy Kreme from $14.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 21st. JPMorgan Chase & Co. decreased their price target on Krispy Kreme from $14.00 to $13.00 and set an “overweight” rating on the stock in a research note on Tuesday, November 12th. Three analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $15.25.

About Krispy Kreme

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.