Papa John’s International, Inc. (NASDAQ: PZZA) is expected to report quarterly sales of $ 486.34 million
Wall Street analysts predict Papa John’s International, Inc. (NASDAQ: PZZA) to report revenue of $ 486.34 million for the current fiscal quarter, according to Zacks investment research. Seven analysts provided earnings estimates for Papa John’s International, with the lowest sales estimate at $ 477.00 million and the highest estimate at $ 495.00 million. Papa John’s International posted sales of $ 460.62 million in the same quarter last year, suggesting a positive year-over-year growth rate of 5.6%. The company is expected to release its next quarterly results on Thursday, August 5.
According to Zacks, analysts expect Papa John’s International to report annual revenue of $ 1.97 billion for the current fiscal year, with estimates ranging from $ 1.95 billion to 1.99 billion. billion dollars. For the next fiscal year, analysts predict the company will have sales of $ 2.08 billion, with estimates ranging from $ 2.02 billion to $ 2.14 billion. Zacks Investment Research’s sales calculations are an average based on a survey of seller-side research analysts who cover Papa John’s International.
Papa John’s International (NASDAQ: PZZA) last released its quarterly earnings data on Thursday, May 6. The company reported EPS of $ 0.90 for the quarter, beating the Zacks consensus estimate of $ 0.56 by $ 0.34. The company posted revenue of $ 511.70 million in the quarter, compared to the consensus estimate of $ 466.89 million. Papa John’s International recorded a negative return on equity of 18.31% and a net margin of 2.14%. The company’s revenue grew 24.8% year over year. During the same period of the previous year, the company made EPS of $ 0.15.
A number of brokerage firms have recently commented on PZZA. Oppenheimer raised its price target on Papa John’s International from $ 110.00 to $ 125.00 and gave the stock an “outperformance” rating in a research note on Monday March 1. Wedbush raised its price target on Papa John’s International from $ 106.00 to $ 110.00 and gave the stock an “outperformance” rating in a research note on Monday, May 10. BMO Capital Markets began covering Papa John’s International in a research report on Monday, March 29. They set an “outperformance” rating and a price target of $ 105.00 for the company. Stephens raised his price target on Papa John’s International from $ 110.00 to $ 115.00 and gave the stock an “overweight” rating in a research report on Wednesday May 12th. Finally, Deutsche Bank Aktiengesellschaft raised its price target on Papa John’s International from $ 105.00 to $ 110.00 and gave the stock a “buy” rating in a research report on Friday, May 7. Two investment analysts rated the stock with a sustaining rating and thirteen gave the company’s stock a buy rating. The stock has an average rating of “Buy” and an average price target of $ 106.27.
Actions of PZZA open at $ 96.65 on Mondays. The company has a market cap of $ 3.20 billion, a P / E ratio of 120.81, a PEG ratio of 5.50 and a beta of 1.03. The stock has a fifty-day moving average price of $ 93.70 and a 200-day moving average price of $ 90.54. Papa John’s International has a 12 month low of $ 71.35 and a 12 month high of $ 110.33.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 21. Shareholders of record on Tuesday, May 11 will receive a dividend of $ 0.225. The ex-dividend date of this dividend is Monday May 10. This represents an annualized dividend of $ 0.90 and a dividend yield of 0.93%. Papa John’s International’s dividend payout ratio (DPR) is 76.92%.
Several institutional investors have recently changed their positions in PZZA. Amundi Pioneer Asset Management Inc. acquired a new stake in Papa John’s International shares in the first quarter valued at $ 138,000. Peregrine Capital Management LLC acquired a new equity interest in Papa John’s International during the fourth quarter valued at $ 14,335,000. KG&L Capital Management LLC increased its position in Papa John’s International shares by 5.6% in the fourth quarter. KG&L Capital Management LLC now owns 7,540 shares of the company valued at $ 639,000 after purchasing an additional 400 shares during the period. Exchange Traded Concepts LLC increased its position in Papa John’s International shares by 4.7% in the fourth quarter. Exchange Traded Concepts LLC now owns 4,031 shares of the company valued at $ 342,000 after purchasing an additional 180 shares during the period. Finally, Kestra Advisory Services LLC acquired a new equity interest in Papa John’s International during the fourth quarter valued at $ 229,000.
About Papa John’s International
Papa John’s International, Inc. operates and franchises pizza delivery and sales restaurants under the Papa John’s brand in the United States and around the world. It operates through four segments: national restaurants, commissioners in North America, franchising in North America and international operations.
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