Utz Brands (NYSE:UTZ – Get Free Report) posted its quarterly earnings results on Thursday. The company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.03, Briefing.com reports. Utz Brands had a net margin of 0.29% and a return on equity of 6.80%. The business had revenue of $356.20 million during the quarter, compared to analysts’ expectations of $356.23 million. During the same quarter last year, the company posted $0.13 earnings per share. The business’s quarterly revenue was down 1.8% on a year-over-year basis. Utz Brands updated its FY 2024 guidance to 0.730-0.750 EPS.
Utz Brands Trading Up 3.1 %
Shares of NYSE UTZ traded up $0.49 during trading on Friday, hitting $16.25. The company had a trading volume of 1,188,614 shares, compared to its average volume of 896,705. The stock has a fifty day simple moving average of $16.66 and a two-hundred day simple moving average of $17.56. Utz Brands has a fifty-two week low of $11.17 and a fifty-two week high of $20.04. The company has a quick ratio of 0.95, a current ratio of 1.40 and a debt-to-equity ratio of 0.54.
Utz Brands Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 3rd. Stockholders of record on Monday, June 17th were given a $0.059 dividend. The ex-dividend date was Monday, June 17th. This represents a $0.24 annualized dividend and a dividend yield of 1.45%. Utz Brands’s dividend payout ratio (DPR) is -96.00%.
Insider Activity
Analysts Set New Price Targets
Several research analysts recently issued reports on the stock. Barclays reduced their target price on shares of Utz Brands from $23.00 to $19.00 and set an “overweight” rating for the company in a report on Friday, July 19th. Mizuho raised their target price on shares of Utz Brands from $22.00 to $24.00 and gave the stock a “buy” rating in a report on Friday, May 3rd. Needham & Company LLC reissued a “buy” rating and set a $22.00 target price on shares of Utz Brands in a report on Friday. Stephens lifted their price objective on shares of Utz Brands from $21.00 to $23.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Royal Bank of Canada lifted their price objective on shares of Utz Brands from $19.00 to $23.00 and gave the company an “outperform” rating in a report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.08.
Read Our Latest Stock Report on UTZ
About Utz Brands
Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp's, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.
See Also
- Five stocks we like better than Utz Brands
- How Can Retail Investors Trade the Toronto Stock Exchange (TSX)?
- Snap’s Stock Plummets on Q2 Revenue Guidance Shortfall
- How to Read Stock Charts for Beginners
- Hims & Hers Stock Falls on DexCom Fears: Analysts Predict Rally
- There Are Different Types of Stock To Invest In
- Intel Loses a Quarter of Its Value After Horrible Earnings Report
Receive News & Ratings for Utz Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Utz Brands and related companies with MarketBeat.com's FREE daily email newsletter.