WK Kellogg (KLG) Set to Announce Quarterly Earnings on Thursday

WK Kellogg (NYSE:KLG) is set to release its earnings data before the market opens on Thursday, November 7th. Analysts expect WK Kellogg to post earnings of $0.26 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

WK Kellogg (NYSE:KLG) last released its earnings results on Tuesday, August 6th. The company reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.06). The business had revenue of $672.00 million during the quarter, compared to the consensus estimate of $671.50 million. WK Kellogg had a net margin of 4.45% and a return on equity of 42.12%. The firm’s revenue was down 4.0% compared to the same quarter last year. On average, analysts expect WK Kellogg to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

WK Kellogg Stock Performance

KLG stock opened at $16.46 on Tuesday. The firm has a market cap of $1.41 billion and a PE ratio of 11.76. The company has a quick ratio of 0.36, a current ratio of 0.83 and a debt-to-equity ratio of 1.42. The business has a 50 day moving average of $17.49 and a 200-day moving average of $18.25. WK Kellogg has a 12-month low of $10.11 and a 12-month high of $24.63.

WK Kellogg Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend is Friday, November 29th. WK Kellogg’s dividend payout ratio (DPR) is 45.71%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. JPMorgan Chase & Co. reduced their price objective on WK Kellogg from $22.00 to $17.00 and set a “neutral” rating for the company in a report on Wednesday, August 7th. Bank of America lowered WK Kellogg from a “neutral” rating to an “underperform” rating and reduced their price objective for the company from $24.00 to $17.00 in a report on Wednesday, July 10th. Barclays reduced their price objective on WK Kellogg from $19.00 to $16.00 and set an “underweight” rating for the company in a report on Friday, July 19th. Finally, Stifel Nicolaus reduced their price objective on WK Kellogg from $22.00 to $18.00 and set a “hold” rating for the company in a report on Tuesday, July 23rd. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company. Based on data from MarketBeat.com, WK Kellogg presently has an average rating of “Hold” and a consensus target price of $18.50.

About WK Kellogg

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.