Krispy Kreme (DNUT) Set to Announce Quarterly Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) will be announcing its earnings results before the market opens on Thursday, November 7th. Analysts expect the company to announce earnings of $0.00 per share for the quarter. Krispy Kreme has set its FY 2024 guidance at 0.240-0.280 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last issued its earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.05. The company had revenue of $438.80 million for the quarter, compared to analysts’ expectations of $435.43 million. Krispy Kreme had a negative net margin of 2.98% and a positive return on equity of 1.12%. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. During the same quarter last year, the company posted $0.04 earnings per share. On average, analysts expect Krispy Kreme to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Krispy Kreme Price Performance

Shares of DNUT opened at $11.20 on Thursday. The firm has a fifty day simple moving average of $11.30 and a two-hundred day simple moving average of $11.33. The firm has a market cap of $1.90 billion, a PE ratio of -37.33, a P/E/G ratio of 3.15 and a beta of 1.41. The company has a current ratio of 0.34, a quick ratio of 0.26 and a debt-to-equity ratio of 0.73. Krispy Kreme has a 1-year low of $9.18 and a 1-year high of $17.84.

Krispy Kreme Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 6th. Investors of record on Wednesday, October 23rd will be given a dividend of $0.035 per share. The ex-dividend date is Wednesday, October 23rd. This represents a $0.14 annualized dividend and a yield of 1.25%. Krispy Kreme’s dividend payout ratio (DPR) is -46.67%.

Analysts Set New Price Targets

A number of analysts have commented on DNUT shares. Bank of America upped their price target on Krispy Kreme from $15.00 to $16.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Evercore ISI reissued an “in-line” rating and issued a $13.00 price target on shares of Krispy Kreme in a report on Tuesday, August 27th. Hsbc Global Res raised shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a report on Tuesday, July 23rd. Finally, HSBC raised shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price on the stock in a report on Tuesday, July 23rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Krispy Kreme currently has an average rating of “Moderate Buy” and an average price target of $15.88.

Krispy Kreme Company Profile

Krispy Kreme, Inc, together with its subsidiaries, produces doughnuts in the United States, the United Kingdom, Ireland, Australia, New Zealand, Mexico, Canada, Japan, and internationally. The company operates through three segments: U.S., International, and Market Development. The company offers doughnut experiences through hot light theater and fresh shops, delivered fresh daily branded cabinets and merchandising units within grocery and convenience stores, quick service restaurants, club memberships, drug stores, and ecommerce, as well as through its branded sweet treat line comprising Krispy Kreme branded sweet treats.