WK Kellogg (KLG) Scheduled to Post Earnings on Tuesday

WK Kellogg (NYSE:KLG) is scheduled to be issuing its quarterly earnings data before the market opens on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.43 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

WK Kellogg (NYSE:KLG) last announced its earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. The firm had revenue of $707.00 million during the quarter, compared to analysts’ expectations of $697.83 million. The business’s revenue was down .7% compared to the same quarter last year. 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 Trading Up 0.3 %

Shares of KLG stock opened at $17.41 on Monday. The company’s fifty day moving average price is $17.31 and its two-hundred day moving average price is $17.64. The company has a current ratio of 0.84, a quick ratio of 0.43 and a debt-to-equity ratio of 1.53. WK Kellogg has a 12 month low of $9.65 and a 12 month high of $24.63.

WK Kellogg Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Thursday, August 29th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 3.68%. The ex-dividend date is Thursday, August 29th.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on KLG. TD Cowen upped their target price on WK Kellogg from $13.00 to $24.00 and gave the company a “hold” rating in a research report on Wednesday, May 8th. Barclays cut their price target on shares of WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a report on Friday, July 19th. Bank of America downgraded shares of WK Kellogg from a “neutral” rating to an “underperform” rating and dropped their target price for the stock from $24.00 to $17.00 in a research report on Wednesday, July 10th. BNP Paribas cut shares of WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price target on the stock. in a research report on Wednesday, May 8th. Finally, Evercore ISI boosted their price objective on WK Kellogg from $21.00 to $23.00 and gave the company an “in-line” rating in a report on Wednesday, May 8th. Four research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.80.

About WK Kellogg

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.