PepsiCo (PEP) Set to Announce Earnings on Tuesday

PepsiCo (NASDAQ:PEP) is set to issue its quarterly earnings data before the market opens on Tuesday, October 8th. Analysts expect the company to announce earnings of $2.31 per share for the quarter. PepsiCo has set its FY 2024 guidance at 8.150- EPS and its FY24 guidance at at least $8.15 EPS.Parties that wish to register for the company’s conference call can do so using this link.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.09 EPS. On average, analysts expect PepsiCo to post $8 EPS for the current fiscal year and $9 EPS for the next fiscal year.

PepsiCo Trading Up 0.0 %

NASDAQ:PEP opened at $170.05 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The stock has a market capitalization of $233.58 billion, a PE ratio of 24.68, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The firm’s 50 day moving average is $173.82 and its 200 day moving average is $172.12. PepsiCo has a 12 month low of $155.83 and a 12 month high of $183.41.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Friday, September 6th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.19%. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

PEP has been the topic of a number of analyst reports. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Friday, September 20th. Jefferies Financial Group lowered their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a report on Friday, September 20th. Finally, Wells Fargo & Company lowered their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Nine equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $185.20.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.