FY2020 Earnings Estimate for Diageo plc Issued By Jefferies Financial Group (NYSE:DEO)

Diageo plc (NYSE:DEO) – Analysts at Jefferies Financial Group upped their FY2020 EPS estimates for shares of Diageo in a report released on Tuesday, November 5th. Jefferies Financial Group analyst E. Mundy now expects that the company will earn $7.17 per share for the year, up from their previous estimate of $7.07. Jefferies Financial Group also issued estimates for Diageo’s FY2021 earnings at $7.37 EPS and FY2022 earnings at $7.94 EPS.

Other equities analysts have also recently issued research reports about the company. Morgan Stanley reissued an “overweight” rating on shares of Diageo in a report on Thursday, October 24th. ValuEngine cut Diageo from a “hold” rating to a “sell” rating in a report on Wednesday, October 2nd. Zacks Investment Research raised Diageo from a “sell” rating to a “hold” rating and set a $171.00 price target for the company in a report on Monday, November 4th. Societe Generale cut Diageo from a “buy” rating to a “sell” rating in a report on Thursday, September 5th. They noted that the move was a valuation call. Finally, Sanford C. Bernstein raised Diageo from an “underperform” rating to a “market perform” rating in a report on Tuesday, September 10th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $171.00.

Diageo stock opened at $159.04 on Friday. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.56 and a current ratio of 1.34. Diageo has a 52 week low of $137.24 and a 52 week high of $176.22. The stock has a market capitalization of $102.94 billion, a P/E ratio of 23.56, a price-to-earnings-growth ratio of 2.79 and a beta of 0.45. The stock has a fifty day moving average of $161.99 and a 200-day moving average of $167.14.

A number of institutional investors and hedge funds have recently modified their holdings of DEO. Willingdon Wealth Management grew its position in shares of Diageo by 14.8% in the 2nd quarter. Willingdon Wealth Management now owns 488 shares of the company’s stock valued at $84,000 after buying an additional 63 shares during the last quarter. Allworth Financial LP grew its position in shares of Diageo by 15.7% in the 3rd quarter. Allworth Financial LP now owns 486 shares of the company’s stock valued at $79,000 after buying an additional 66 shares during the last quarter. CAPROCK Group Inc. grew its position in shares of Diageo by 2.5% in the 3rd quarter. CAPROCK Group Inc. now owns 2,845 shares of the company’s stock valued at $471,000 after buying an additional 69 shares during the last quarter. Cetera Advisor Networks LLC grew its position in shares of Diageo by 2.0% in the 3rd quarter. Cetera Advisor Networks LLC now owns 3,513 shares of the company’s stock valued at $574,000 after buying an additional 70 shares during the last quarter. Finally, ProVise Management Group LLC grew its position in shares of Diageo by 0.8% in the 2nd quarter. ProVise Management Group LLC now owns 8,767 shares of the company’s stock valued at $1,511,000 after buying an additional 72 shares during the last quarter. 9.48% of the stock is owned by institutional investors and hedge funds.

Diageo Company Profile

Diageo plc, together with its subsidiaries, produces, markets, and sells alcoholic beverages worldwide. The company offers a collection of brands across spirits, beer, cider, and wine categories. Its brands include Johnnie Walker, Crown Royal, J&B, Buchanan's and Windsor whiskies, Smirnoff, Cîroc and Ketel One vodkas, Captain Morgan, Baileys, Don Julio, Bundaberg, McDowell's No.

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