Kellogg Company (NYSE:K) is set to announce third quarter earning results on Thursday 29th October 2020, before market open.
Analysts surveyed by Thomson Reuters are predicting, K to report 3Q20 income of $ 0.87 per share.
For the full year, analysts anticipate top line of $ 13720.30 million, while looking forward to income of $ 3.96 per share bottom line.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 3.96 ~ $ 3.96 per share
Click Here For More Historical Outlooks Of Kellogg Company
Previous Quarter Performance
Kellogg Company unwinded income for the second quarter of $ 1.24 per share, from the revenue of $ 3,465.00 million. The quarterly earnings improved 25.25 percent while revenues raised 0.12 percent compared with the same quarter last year.
According to street consensus, K was expected to report 2Q20 income of $ 0.94 per share from revenue of $ 3299.85 million. The bottom line results beat street analysts by $ 0.3 or 31.91 percent, at the same time, top line results outshined analysts by $ 165.15 million or 5.00 percent.
Stock Performance
Shares of Kellogg Company traded low $ -1.44 or -2.22 percent on Wednesday, reaching $ 63.49 with volume of 2.53 million shares. Kellogg Company has traded high as $ 64.76 and has cracked $ 63.48 on the downward trend
According to the previous trading day, closing price of $ 63.49, representing a 23.30 % increase from the 52 week low of $ 52.66 and a 10.91 % decrease over the 52 week high of $ 72.88.
The company has a market capital of $ 21.77 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
On July 24, 2020, the board of directors authorized quarterly dividend of $ 0.57 per share to holders of record as of the close of business on September 1, 2020, with payment date of September 15, 2020 and ex-dividend date on August 31, 2020.
Conference Call
Kellogg Company will be hosting a conference call at 9:30 AM eastern time on 29th October 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.kelloggcompany.com
Kellogg Company, together with its subsidiaries, manufactures and markets ready-to-eat cereal and convenience foods. The company operates through U.S. Snacks, U.S.
