Utz Brands (UTZ) Expected to Announce Earnings on Thursday

Utz Brands (NYSE:UTZ - Get Free Report) is projected to release its earnings data before the market opens on Thursday, February 20th. Analysts expect Utz Brands to post earnings of $0.19 per share and revenue of $349.93 million for the quarter. Persons interested in participating in the company's earnings conference call can do so using this link.

Utz Brands Price Performance

NYSE:UTZ traded down $0.49 on Friday, hitting $13.35. The company had a trading volume of 833,361 shares, compared to its average volume of 1,193,036. The stock has a market capitalization of $1.88 billion, a price-to-earnings ratio of -70.24, a PEG ratio of 0.87 and a beta of 1.01. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The firm has a 50 day moving average of $14.73 and a two-hundred day moving average of $16.29. Utz Brands has a 52 week low of $12.71 and a 52 week high of $20.04.

Utz Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were paid a $0.061 dividend. This is an increase from Utz Brands's previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.24 annualized dividend and a yield of 1.83%. Utz Brands's dividend payout ratio is presently -126.32%.

Analysts Set New Price Targets

Several brokerages recently commented on UTZ. Mizuho dropped their price objective on shares of Utz Brands from $21.00 to $19.00 and set an "outperform" rating for the company in a research note on Monday, February 10th. TD Cowen dropped their price target on shares of Utz Brands from $21.00 to $17.00 and set a "buy" rating for the company in a research note on Wednesday, January 8th. Piper Sandler dropped their price target on shares of Utz Brands from $24.00 to $20.00 and set an "overweight" rating for the company in a research note on Thursday, January 16th. Finally, Barclays dropped their price target on shares of Utz Brands from $19.00 to $17.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.00.

Utz Brands Company Profile

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.