Kellanova (K) Projected to Post Quarterly Earnings on Thursday

Kellanova (NYSE:K - Get Free Report) is projected to announce 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. Individual that are interested in registering for the company's earnings conference call can do so using this link.

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

Kellanova Trading Up 0.2 %

Shares of K stock traded up $0.18 during trading hours on Thursday, hitting $81.95. 1,582,075 shares of the company's stock traded hands, compared to its average volume of 2,099,651. The stock has a market cap of $28.25 billion, a PE ratio of 28.16, a price-to-earnings-growth ratio of 2.50 and a beta of 0.37. The stock's 50 day simple moving average is $81.11 and its 200 day simple moving average is $78.10. The company has a quick ratio of 0.53, a current ratio of 0.77 and a debt-to-equity ratio of 1.34. Kellanova has a 12 month low of $52.46 and a 12 month high of $82.06.

Insider Buying and Selling

In other news, major shareholder Kellogg W. K. Foundation Trust sold 114,583 shares of the business's stock in a transaction dated Tuesday, January 28th. The stock was sold at an average price of $81.91, for a total transaction of $9,385,493.53. Following the completion of the transaction, the insider now owns 48,305,778 shares of the company's stock, 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 Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders have sold 1,031,247 shares of company stock valued at $83,724,652. Company insiders own 1.80% of the company's stock.

Wall Street Analyst Weigh In

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