General Mills (GIS) Expected to Announce Earnings on Wednesday

General Mills (NYSE:GIS) will likely be releasing its earnings data before the market opens on Wednesday, March 19th. Analysts expect General Mills to post earnings of $0.96 per share and revenue of $4.99 billion for the quarter. General Mills has set its FY 2025 guidance at 4.380-4.480 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

General Mills (NYSE:GIS) last posted its quarterly earnings data on Wednesday, December 18th. The company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.22 by $0.18. General Mills had a net margin of 13.08% and a return on equity of 27.55%. The firm had revenue of $5.24 billion for the quarter, compared to analyst estimates of $5.14 billion. During the same period last year, the firm posted $1.25 EPS. General Mills’s quarterly revenue was up 2.7% on a year-over-year basis. On average, analysts expect General Mills to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

General Mills Stock Performance

NYSE:GIS opened at $59.53 on Monday. The firm’s fifty day moving average price is $60.10 and its 200 day moving average price is $65.62. General Mills has a 1-year low of $55.15 and a 1-year high of $75.90. The company has a debt-to-equity ratio of 1.32, a current ratio of 0.92 and a quick ratio of 0.67. The firm has a market cap of $32.82 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 1.94 and a beta of 0.06.

General Mills Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 1st. Investors of record on Thursday, April 10th will be given a $0.60 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.40 dividend on an annualized basis and a yield of 4.03%. General Mills’s dividend payout ratio (DPR) is 52.17%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on GIS shares. Piper Sandler lowered their price objective on shares of General Mills from $84.00 to $71.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 25th. Jefferies Financial Group raised their target price on General Mills from $58.00 to $62.00 and gave the company a “hold” rating in a report on Monday, March 10th. Barclays reduced their target price on General Mills from $74.00 to $68.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Citigroup reduced their target price on General Mills from $60.00 to $58.00 and set a “neutral” rating for the company in a report on Friday. Finally, Stifel Nicolaus reduced their target price on General Mills from $72.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, thirteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $67.71.

Insider Buying and Selling at General Mills

In other General Mills news, CEO Jeffrey L. Harmening sold 11,379 shares of the firm’s stock in a transaction dated Friday, March 7th. The shares were sold at an average price of $65.00, for a total transaction of $739,635.00. Following the completion of the transaction, the chief executive officer now directly owns 353,346 shares in the company, valued at approximately $22,967,490. This trade represents a 3.12 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Paul Joseph Gallagher sold 1,041 shares of General Mills stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $64.50, for a total transaction of $67,144.50. Following the sale, the insider now owns 42,117 shares of the company’s stock, valued at approximately $2,716,546.50. This trade represents a 2.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.26% of the stock is currently owned by insiders.

About General Mills

General Mills, Inc manufactures and markets branded consumer foods worldwide. The company operates through four segments: North America Retail; International; Pet; and North America Foodservice. It offers grain, ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, bakery flour, frozen pizza and pizza snacks, snack bars, fruit and savory snacks, ice cream and frozen desserts, unbaked and fully baked frozen dough products, frozen hot snacks, ethnic meals, side dish mixes, frozen breakfast and entrees, nutrition bars, and frozen and shelf-stable vegetables.