Thursday, February 12, 2015

Kellogg (K) Stock Retreating Today on Earnings Miss

NEW YORK (TheStreet) -- Shares of the Kellogg Co. are lower by 3.38% to $64.06 in late morning trading on Thursday, after the cereal and other packaged foods maker reported its 2014 fourth quarter earnings results which missed analysts' expectations. Kellogg, whose products include Rice Krispies, CHEEZE-IT, Pringles, Pop Tarts, Keebler, and more, said its adjusted earnings for the most recent quarter were 84 cents per share. Analysts polled by FactSet had forecast for fourth quarter 2014 earnings of 93 cents per share. Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Net sales for the latest quarter grew by 0.3% to $3.5 billion versus the $3.62 billion analysts anticipated. The company reported a non-adjusted net loss of $293 million, or a loss of 82 cents per share compared to a net income of $818 million, or $2.26 per share for the 2013 fourth quarter. Separately, TheStreet Ratings team rates KELLOGG CO as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation: "We rate KELLOGG CO (K) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its notable return on equity, increase in stock price during the past year and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income." You can view the full analysis from the report here: K Ratings Report K data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.


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