H.J. Heinz Company (NYSE: HNZ) issued its quarterly earnings data on Thursday. The company reported $0.95 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.90 by $0.05. The company had revenue of $2.93 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis.
Several analysts have also recently commented on the stock. Analysts at S&P Equity Research raised their price target on shares of H.J. Heinz Company from $62.00 to $72.00 in a research note to investors on Tuesday. They now have a “hold” rating on the stock. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of H.J. Heinz Company in a research note to investors on Monday. They now have a $76.00 price target on the stock. Finally, analysts at Jefferies & Co. raised their price target on shares of H.J. Heinz Company from $59.00 to $72.50 in a research note to investors on Friday, February 15th. They now have a “hold” rating on the stock.
H.J. Heinz Company (HNZ) traded up 0.07% on Thursday, hitting $72.19. H.J. Heinz Company (HNZ) has a 1-year low of $51.91 and a 1-year high of $72.61. The stock’s 50-day moving average is currently $61.72. The company has a market cap of $23.148 billion and a price-to-earnings ratio of 23.16.
H. J. Heinz Company together with its subsidiaries is engaged in manufacturing and marketing a range of food products throughout the world.
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