Utz Brands (UTZ) to Release Quarterly Earnings on Thursday

Utz Brands (NYSE:UTZ - Get Free Report) is projected to issue its Q1 2025 quarterly earnings data before the market opens on Thursday, May 1st. Analysts expect the company to announce earnings of $0.16 per share and revenue of $345.44 million for the quarter. Utz Brands has set its FY 2025 guidance at 0.850-0.890 EPS.

Utz Brands (NYSE:UTZ - Get Free Report) last announced its quarterly earnings data on Thursday, February 20th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.03. The business had revenue of $341.05 million for the quarter, compared to analysts' expectations of $349.93 million. Utz Brands had a net margin of 1.13% and a return on equity of 7.92%. During the same period last year, the firm posted $0.16 earnings per share. 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 UTZ stock traded down $0.35 during trading hours on Friday, reaching $13.36. The company's stock had a trading volume of 860,848 shares, compared to its average volume of 876,212. The firm's 50 day simple moving average is $13.65 and its 200-day simple moving average is $15.01. The company has a market capitalization of $1.89 billion, a price-to-earnings ratio of 74.22, a PEG ratio of 0.86 and a beta of 1.10. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. Utz Brands has a fifty-two week low of $12.15 and a fifty-two week high of $20.04.

Utz Brands Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Monday, April 7th were paid a $0.011 dividend. The ex-dividend date was Monday, April 7th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.33%. Utz Brands's payout ratio is currently 133.33%.

Insider Buying and Selling at Utz Brands

In other Utz Brands news, insider Cc Collier Holdings, Llc sold 496,038 shares of the business's stock in a transaction on Thursday, March 6th. The shares were sold at an average price of $13.40, for a total transaction of $6,646,909.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Howard A. Friedman acquired 3,525 shares of the company's stock in a transaction on Monday, February 24th. The stock was acquired at an average cost of $14.16 per share, for a total transaction of $49,914.00. Following the completion of the purchase, the chief executive officer now directly owns 265,729 shares of the company's stock, valued at approximately $3,762,722.64. This represents a 1.34 % increase in their position. The disclosure for this purchase can be found here. Insiders own 16.32% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Piper Sandler dropped their price objective 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. Mizuho reduced their price objective on Utz Brands from $21.00 to $19.00 and set an "outperform" rating on the stock in a research report on Monday, February 10th. UBS Group assumed coverage on Utz Brands in a research note on Wednesday. They issued a "neutral" rating and a $15.00 price objective for the company. Barclays cut their target price on shares of Utz Brands from $19.00 to $17.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Finally, DA Davidson raised Utz Brands from a "neutral" rating to a "buy" rating and set a $16.00 price target for the company in a research note on Thursday. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company's stock. According to MarketBeat, Utz Brands presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.56.

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.