Krispy Kreme (DNUT) to Release Earnings on Thursday

Krispy Kreme (NASDAQ:DNUT) is scheduled to be issuing its quarterly earnings data 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 interested in registering for the company’s earnings conference call can do so using this link.

Krispy Kreme (NASDAQ:DNUT) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.05 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.05. The business had revenue of $438.80 million for the quarter, compared to analyst estimates of $435.43 million. Krispy Kreme had a positive return on equity of 1.12% and a negative net margin of 2.98%. The business’s revenue was up 7.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.04 EPS. 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 Stock Performance

Krispy Kreme stock remained flat at $11.82 during mid-day trading on Tuesday. 237,548 shares of the company’s stock were exchanged, compared to its average volume of 2,033,156. 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. The firm’s fifty day moving average is $11.35 and its 200 day moving average is $11.26. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of -39.40, a price-to-earnings-growth ratio of 2.91 and a beta of 1.39.

Krispy Kreme Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 6th. Stockholders of record on Wednesday, October 23rd will be given a $0.035 dividend. The ex-dividend date of this dividend is Wednesday, October 23rd. This represents a $0.14 dividend on an annualized basis and a dividend yield of 1.18%. Krispy Kreme’s payout ratio is currently -46.67%.

Wall Street Analysts Forecast Growth

DNUT has been the topic of several research reports. Evercore ISI reiterated an “in-line” rating and set a $13.00 price objective on shares of Krispy Kreme in a research note on Tuesday, August 27th. Morgan Stanley began coverage on Krispy Kreme in a research report on Tuesday. They set an “equal weight” rating and a $14.00 price target on the stock. Bank of America boosted their price objective on Krispy Kreme from $15.00 to $16.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Hsbc Global Res upgraded shares of Krispy Kreme from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, July 23rd. Finally, HSBC upgraded shares of Krispy Kreme from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Tuesday, July 23rd. Four equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $15.67.

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.