H. J. Heinz Company (NYSE:HNZ) unveiled on Tuesday that its results for the most current quarter. HJ Heinz manufactures food products, including ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition and other food products.
H. J. Heinz’s earning per share outpaced analyst anticipates whereas the firm’s revenues came in under forecasts. The firm declared 90 cents a share against the 88 cents a share anticipates and revenues of $2.83B against the $3.07 billion estimate. EPS surged 23.3 percent whereas revenue plunged 0.2 percent from the similar period last year. Revenue plunged previous quarter after shrinking 2 plunging to $2.79 billion in the first quarter. H. J. Heinz’s net income for the Q2 was $289.4M, a 22.1 percent surge from last year.
Moving readers toward the broader market, let’s consider percentage change in stocks prices of other stocks in the similar sector who contribute major role in the market that includes Kraft Foods Group Inc (NASDAQ:KRFT) lost -0.27%, Unilever plc (ADR) (NYSE:UL) edged up 0.62%, Dole Food Company, Inc. (NYSE:DOLE) which also decreased -1.09% and ZHONGPIN INC. (NASDAQ:HOGS) closed up +0.19%.
H.J. Heinz Company (NYSE:HNZ) stock’s trade at beginning with a price of $57.19 and in ongoing trading session climbed at a high of $58.13 other than after it traded declined -2.11% to $57.47.
The stock is going forward its 52 week low with +20.08% and lagging behind from its 52 week high price with -2.16%. HNZ last month stock price volatility remained 1.34%.
HNZ stock institutional ownership remained 66.74% while insider ownership included 0.80%. In its share capital HNZ has 320.23 million outstanding shares among them 318.88 million shares have been floated in market exchange.
Company’s beta coefficient included 0.52. Beta factors measures the amount of market risk associated with market trade.
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