WK Kellogg (KLG) Projected to Post Quarterly Earnings on Tuesday

WK Kellogg (NYSE:KLG - Get Free Report) is anticipated to post its quarterly earnings results before the market opens on Tuesday, February 11th. Analysts expect WK Kellogg to post earnings of $0.28 per share and revenue of $645.13 million for the quarter. Individual that are interested in registering for the company's earnings conference call can do so using this link.

WK Kellogg (NYSE:KLG - Get Free Report) last released its earnings results on Thursday, November 7th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.26 by $0.05. The firm had revenue of $689.00 million during the quarter, compared to analysts' expectations of $674.10 million. WK Kellogg had a return on equity of 33.41% and a net margin of 2.50%. The company's revenue was down .4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.49 EPS. On average, analysts expect WK Kellogg to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WK Kellogg Stock Up 1.2 %

Shares of WK Kellogg stock traded up $0.19 during trading on Friday, reaching $16.47. The stock had a trading volume of 1,033,000 shares, compared to its average volume of 995,951. The company has a current ratio of 0.78, a quick ratio of 0.34 and a debt-to-equity ratio of 1.49. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 21.12 and a beta of 0.71. WK Kellogg has a 52 week low of $12.32 and a 52 week high of $24.63. The stock has a fifty day moving average price of $17.96 and a two-hundred day moving average price of $17.69.

WK Kellogg Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Shareholders of record on Friday, February 28th will be paid a $0.165 dividend. This is a boost from WK Kellogg's previous quarterly dividend of $0.16. The ex-dividend date is Friday, February 28th. This represents a $0.66 annualized dividend and a yield of 4.01%. WK Kellogg's payout ratio is presently 82.05%.

Insiders Place Their Bets

In related news, Director G Zachary Gund bought 65,000 shares of the business's stock in a transaction dated Thursday, November 14th. The stock was bought at an average price of $17.76 per share, for a total transaction of $1,154,400.00. Following the purchase, the director now owns 195,000 shares in the company, valued at $3,463,200. This represents a 50.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.90% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on KLG. TD Cowen lowered shares of WK Kellogg from a "hold" rating to a "sell" rating and cut their price objective for the stock from $18.00 to $16.00 in a research report on Wednesday, January 8th. Barclays cut their price target on shares of WK Kellogg from $19.00 to $16.00 and set an "underweight" rating on the stock in a research report on Friday, January 17th. Stifel Nicolaus lowered their target price on WK Kellogg from $19.00 to $18.00 and set a "hold" rating on the stock in a research report on Friday, January 24th. Finally, Jefferies Financial Group decreased their price target on WK Kellogg from $19.00 to $16.00 and set a "hold" rating for the company in a research note on Tuesday, January 28th. Four equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company's stock. According to MarketBeat.com, WK Kellogg currently has a consensus rating of "Hold" and an average price target of $17.88.

WK Kellogg Company Profile

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co and changed its name to WK Kellogg Co in March 2023.