Utz Brands (NYSE:UTZ) Announces Quarterly Earnings Results, Beats Estimates By $0.03 EPS

Utz Brands (NYSE:UTZ) issued its quarterly earnings data on Thursday. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.03, RTT News reports. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. During the same quarter in the previous year, the business posted $0.16 EPS. Utz Brands updated its FY 2025 guidance to 0.850-0.890 EPS.

Utz Brands Price Performance

UTZ stock traded up $0.84 during midday trading on Thursday, reaching $14.31. The stock had a trading volume of 631,468 shares, compared to its average volume of 1,123,404. The company’s fifty day simple moving average is $14.49 and its 200 day simple moving average is $16.23. The company has a current ratio of 1.21, a quick ratio of 0.85 and a debt-to-equity ratio of 0.56. The company has a market cap of $2.02 billion, a price-to-earnings ratio of -75.18, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. Utz Brands has a 52-week low of $12.71 and a 52-week high of $20.04.

Utz Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 16th were issued a $0.061 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.24 dividend on an annualized basis and a yield of 1.71%. This is a positive change from Utz Brands’s previous quarterly dividend of $0.06. Utz Brands’s dividend payout ratio (DPR) is presently -126.32%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Mizuho dropped their price objective on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. TD Cowen dropped their price objective on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Barclays dropped their price objective on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Piper Sandler decreased their target price on Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, January 16th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

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.