General Mills (NYSE:GIS) issued its quarterly earnings results on Wednesday. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.81 by $0.04, Bloomberg Earnings reports. General Mills had a net margin of 13.19% and a return on equity of 31.84%. The company had revenue of $4.41 billion during the quarter, compared to analysts’ expectations of $4.51 billion. During the same quarter last year, the company posted $0.82 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. General Mills updated its FY 2019 guidance to $3.02-3.11 EPS.
General Mills stock opened at $38.55 on Thursday. The firm has a market cap of $21.88 billion, a PE ratio of 12.40, a PEG ratio of 1.54 and a beta of 0.60. General Mills has a 12-month low of $36.42 and a 12-month high of $60.69. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.58 and a quick ratio of 0.35.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 1st. Stockholders of record on Thursday, January 10th will be given a dividend of $0.49 per share. The ex-dividend date is Wednesday, January 9th. This represents a $1.96 annualized dividend and a dividend yield of 5.08%. General Mills’s dividend payout ratio (DPR) is currently 63.02%.
General Mills Company Profile
General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates in five segments: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet. It offers ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit, and savory snacks, as well as organic products, including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.
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