PepsiCo (NASDAQ:PEP) Releases FY 2020 Pre-Market Earnings Guidance

PepsiCo (NASDAQ:PEP) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 5.88-5.88 for the period, compared to the Thomson Reuters consensus estimate of $5.95.

PepsiCo stock traded up $0.52 during trading on Friday, hitting $146.99. 3,555,804 shares of the company were exchanged, compared to its average volume of 4,124,524. The business’s 50 day moving average is $140.23 and its 200 day moving average is $136.19. PepsiCo has a 52 week low of $114.11 and a 52 week high of $147.15. The company has a market capitalization of $203.11 billion, a P/E ratio of 16.78, a PEG ratio of 3.51 and a beta of 0.53. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, February 13th. The company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.01. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The business had revenue of $20.64 billion during the quarter, compared to the consensus estimate of $20.24 billion. During the same quarter in the prior year, the company posted $1.49 earnings per share. PepsiCo’s revenue was up 5.7% compared to the same quarter last year. Equities analysts expect that PepsiCo will post 5.51 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $0.955 dividend. The ex-dividend date of this dividend is Thursday, March 5th. This represents a $3.82 annualized dividend and a yield of 2.60%. PepsiCo’s dividend payout ratio is currently 67.49%.

Several research analysts have weighed in on the company. BidaskClub raised PepsiCo from a hold rating to a buy rating in a research report on Saturday, January 25th. Citigroup boosted their price objective on PepsiCo from $143.00 to $157.00 and gave the stock a neutral rating in a research report on Friday. SunTrust Banks boosted their price objective on PepsiCo to and gave the stock a hold rating in a research report on Friday. Cfra boosted their price objective on PepsiCo from $150.00 to $160.00 and gave the stock a buy rating in a research report on Thursday. Finally, Evercore ISI reissued a hold rating on shares of PepsiCo in a research report on Sunday, December 15th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have assigned a buy rating to the company’s stock. PepsiCo currently has an average rating of Hold and a consensus target price of $137.95.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Earnings History and Estimates for PepsiCo (NASDAQ:PEP)

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