Papa John’s International (PZZA) Set to Announce Earnings on Thursday

Papa John’s International (NASDAQ:PZZA) will be issuing its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect Papa John’s International to post earnings of $0.60 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Papa John’s International (NASDAQ:PZZA) last issued its earnings results on Thursday, February 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. The firm had revenue of $571.32 million for the quarter, compared to analysts’ expectations of $578.15 million. Papa John’s International had a negative return on equity of 19.46% and a net margin of 3.84%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.71 earnings per share. On average, analysts expect Papa John’s International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Papa John’s International Price Performance

Shares of PZZA stock opened at $58.31 on Tuesday. The stock has a market cap of $1.92 billion, a PE ratio of 23.70, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The stock has a 50-day moving average of $66.10 and a 200-day moving average of $69.25. Papa John’s International has a one year low of $58.24 and a one year high of $86.38.

Papa John’s International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 3.16%. The ex-dividend date is Friday, May 17th. Papa John’s International’s dividend payout ratio is currently 74.80%.

Wall Street Analyst Weigh In

PZZA has been the topic of a number of recent analyst reports. KeyCorp reduced their price target on shares of Papa John’s International from $84.00 to $78.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 9th. Wedbush reiterated an “outperform” rating and set a $87.00 target price on shares of Papa John’s International in a report on Friday, March 1st. Stephens initiated coverage on Papa John’s International in a report on Friday, April 12th. They issued an “overweight” rating and a $75.00 price target for the company. BMO Capital Markets dropped their price target on Papa John’s International from $90.00 to $80.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Finally, Benchmark decreased their price objective on Papa John’s International from $95.00 to $87.00 and set a “buy” rating for the company in a research report on Friday, March 22nd. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Papa John’s International currently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

Insider Activity at Papa John’s International

In other news, Director Laurette T. Koellner sold 2,886 shares of the business’s stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $70.21, for a total value of $202,626.06. Following the sale, the director now owns 18,804 shares of the company’s stock, valued at $1,320,228.84. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is owned by insiders.

Papa John’s International Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.