PepsiCo (NASDAQ:PEP – Get Free Report) 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 – Get Free Report) 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
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.
Get Our Latest Research Report on PepsiCo
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.
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