WK Kellogg (KLG) Scheduled to Post Earnings on Tuesday

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

WK Kellogg (NYSE:KLG) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 EPS 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 company’s revenue for the quarter was down .7% on a year-over-year basis. 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 Stock Performance

Shares of NYSE KLG opened at $17.41 on Monday. The company has a debt-to-equity ratio of 1.53, a quick ratio of 0.43 and a current ratio of 0.84. The stock’s 50 day moving average price is $17.31 and its 200-day moving average price is $17.64. WK Kellogg has a twelve month low of $9.65 and a twelve month high of $24.63.

WK Kellogg Dividend Announcement

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

Wall Street Analyst Weigh In

KLG has been the topic of a number of recent analyst reports. Stifel Nicolaus lowered their target price on WK Kellogg from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday, July 23rd. Barclays dropped their target price on shares of WK Kellogg from $19.00 to $16.00 and set an “underweight” rating on the stock in a research note on Friday, July 19th. Evercore ISI raised their price target on shares of WK Kellogg from $21.00 to $23.00 and gave the stock an “in-line” rating in a research note on Wednesday, May 8th. BNP Paribas downgraded WK Kellogg from a “neutral” rating to an “underperform” rating and set a $20.00 price objective on the stock. in a research note on Wednesday, May 8th. Finally, TD Cowen raised their target price on WK Kellogg from $13.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, May 8th. Four analysts have rated the stock with a sell rating and six have issued a hold rating to the stock. According to data from MarketBeat, WK Kellogg presently has an average rating of “Hold” and an average target price of $16.80.

WK Kellogg Company Profile

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.