General Mills (GIS) Tops Q3 Earnings, Lags Revenues

22 March, 2017, 00:35 | Author: Celia Hoffman
  • General Mills Inc

Deutsche Bank began new coverage on General Mills, Inc. giving the company a "hold" rating. That represents a quarterly year/year change in revenues of -0.07 in sequential terms, the (GIS) saw sales decline by 0.05. Jeff Harmening, the company's president and chief operating officer, noted the performance reflects the broader declines in "light" and "diet" products in recent years as people move away from calorie counting in search of "calories that count". Four analysts have rated the stock with a sell rating, eleven have given a hold rating and three have given a buy rating to the company. The company is expected to grow by 6.41 percent over the next five years. The current consensus estimate compares to last year's same quarter result of $0.65 a share and an increase of 9.23%. (GIS) are trading -15.35% downward from the 52-week high mark and 3.86% above from the fifty two-week low mark. While take a short look on price to sales ratio, that was 2.21 and price to earning ration of 22.58 attracting passive investors. Equities research analysts expect that General Mills, Inc. will post $3.06 earnings per share for the current fiscal year. The company provided earnings per share (EPS) guidance of $3.07-3.12 for the period, compared to the Thomson Reuters consensus estimate of $3.06.

Over the couple years GIS has established a strong pattern of missing Street earnings views 33% of the time, according to historical earnings data, met predictions on 1 occasions and surpassed estimates 7 times over the last couple years.

Now we look at the Moving Averages, the 200-day is -5.23, the 50-day is -1.33 and the 20-day is 0.1. General Mills had a net margin of 10.23% and a return on equity of 35.10%. The ex-dividend date of this dividend is Thursday, April 6th. Smith Moore & CO. now owns 10,791 shares of the company's stock worth $667,000 after buying an additional 40 shares during the period.

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General Mills (NYSE:GIS) pays an annual dividend of $1.92 with a yield of 3.19% and an average dividend growth of 9.40% based on a 3 Year Average.

Nonetheless, and in the immediate aftermath of reporting, investor reaction in General Mills, Inc. They issued a "hold" rating and a $61.00 target price for the company.

Bank of America has ridden the strength in the financials after the election, but recently fell into a laggard role as interest rate uncertainty has affected the financial stocks. Analysts mean target price for CBRE Group, Inc. Volatility for the week appears to be 0.94% in conjunction with the Volatility for the month at 1.31%. If you are investing like Buffett, the report can assist in finding the company with the durable competitive advantage, and if Peter Lynch is your hero, you might find a low P/E ratio, share buyback or future earnings growth in the depths of the report. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The Company has three segments: U.S. Retail, International, and Convenience Stores and Foodservice. The company's core brands like Big G cereals, Betty Crocker and Hamburger Helper dinner mixes, Pillsbury refrigerated dough products, Progresso soups and Yoplait yogurt enjoy leading positions in attractive food categories.


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