General Mills (NYSE:GIS) Issues FY 2020 Earnings Guidance

General Mills (NYSE:GIS) issued an update on its FY 2020 earnings guidance on Wednesday morning. The company provided EPS guidance of $3.32-3.38 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.36.

Shares of NYSE:GIS opened at $54.33 on Friday. General Mills has a 52-week low of $36.42 and a 52-week high of $56.40. The firm has a market capitalization of $32.91 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.31 and a beta of 0.74. The stock has a 50 day moving average price of $54.10 and a 200-day moving average price of $52.15. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.37 and a current ratio of 0.62.

General Mills (NYSE:GIS) last announced its earnings results on Wednesday, September 18th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.77 by $0.02. General Mills had a return on equity of 27.38% and a net margin of 11.21%. The firm had revenue of $4 billion during the quarter, compared to analyst estimates of $4.08 billion. During the same quarter in the prior year, the company earned $0.71 EPS. The business’s revenue was down 2.2% compared to the same quarter last year. On average, equities analysts forecast that General Mills will post 3.37 EPS for the current fiscal year.

A number of research analysts recently weighed in on GIS shares. Stifel Nicolaus raised their price objective on General Mills from $52.00 to $54.00 and gave the company a hold rating in a research report on Thursday. UBS Group raised their price objective on General Mills from $48.00 to $52.00 and gave the company a neutral rating in a research report on Thursday, June 27th. Goldman Sachs Group lowered General Mills from a neutral rating to a sell rating and set a $41.00 price objective for the company. in a research report on Tuesday, May 28th. Barclays reaffirmed a hold rating and set a $55.00 price objective on shares of General Mills in a research report on Friday. Finally, Credit Suisse Group reaffirmed a hold rating and set a $56.00 price objective on shares of General Mills in a research report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and a consensus price target of $53.64.

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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Earnings History and Estimates for General Mills (NYSE:GIS)

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