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

WK Kellogg (NYSE:KLG) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect WK Kellogg to post earnings of $0.37 per share for the quarter. WK Kellogg has set its FY 2024 guidance at EPS.Investors interested in registering for the company’s conference call can do so using this link.

WK Kellogg (NYSE:KLG) last posted its earnings results on Tuesday, February 13th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $651.00 million during the quarter, compared to analysts’ expectations of $645.87 million. The company’s revenue for the quarter was down 2.7% on a year-over-year basis. 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 Price Performance

Shares of NYSE:KLG opened at $23.20 on Monday. WK Kellogg has a 1 year low of $9.65 and a 1 year high of $24.63. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.62. The firm’s 50-day moving average is $19.05 and its two-hundred day moving average is $14.69.

WK Kellogg Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be issued a $0.16 dividend. The ex-dividend date is Friday, May 31st. This represents a $0.64 dividend on an annualized basis and a yield of 2.76%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Barclays boosted their target price on shares of WK Kellogg from $12.00 to $15.00 and gave the stock an “underweight” rating in a research note on Friday, April 12th. Stifel Nicolaus increased their price objective on WK Kellogg from $13.00 to $20.00 and gave the company a “hold” rating in a report on Friday, April 26th. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company’s stock. Based on data from MarketBeat.com, WK Kellogg presently has a consensus rating of “Hold” and a consensus price target of $13.45.

WK Kellogg Company Profile

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.