Utz Brands (UTZ) Set to Announce Quarterly Earnings on Thursday

Utz Brands (NYSE:UTZ - Get Free Report) will be issuing its quarterly earnings data before the market opens on Thursday, October 31st. Analysts expect the company to announce earnings of $0.20 per share for the quarter. Utz Brands has set its FY 2024 guidance at 0.730-0.750 EPS.Investors interested in registering for the company's conference call can do so using this link.

Utz Brands (NYSE:UTZ - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.16 by $0.03. The company had revenue of $356.20 million during the quarter, compared to analyst estimates of $356.23 million. Utz Brands had a net margin of 0.29% and a return on equity of 6.79%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, analysts expect Utz Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Utz Brands Price Performance

Shares of NYSE UTZ traded down $0.13 during mid-day trading on Thursday, reaching $16.62. The company's stock had a trading volume of 541,079 shares, compared to its average volume of 758,032. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.21 and a current ratio of 1.69. The stock has a 50-day moving average of $17.35 and a two-hundred day moving average of $17.27. The stock has a market capitalization of $2.34 billion, a P/E ratio of -66.48, a P/E/G ratio of 1.14 and a beta of 1.01. Utz Brands has a 1-year low of $11.67 and a 1-year high of $20.04.

Utz Brands Announces Dividend

The business also recently announced a None dividend, which was paid on Thursday, October 3rd. Investors of record on Monday, September 16th were issued a $0.011 dividend. The ex-dividend date was Monday, September 16th. This represents a yield of 1.3%. Utz Brands's dividend payout ratio (DPR) is presently -92.00%.

Insider Buying and Selling

In related news, Director Bruce John Lindeman acquired 4,000 shares of the firm's stock in a transaction on Monday, August 5th. The stock was bought at an average price of $16.11 per share, for a total transaction of $64,440.00. Following the completion of the purchase, the director now directly owns 42,480 shares of the company's stock, valued at approximately $684,352.80. The trade was a 0.00 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 17.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on UTZ shares. Barclays dropped their price target on shares of Utz Brands from $23.00 to $19.00 and set an "overweight" rating for the company in a research note on Friday, July 19th. Needham & Company LLC reiterated a "buy" rating and issued a $22.00 price target on shares of Utz Brands in a research note on Friday, August 2nd. Finally, Piper Sandler restated an "overweight" rating and issued a $22.00 price objective on shares of Utz Brands in a report on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $20.36.

About Utz Brands

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.