Papa John’s International, Inc. (PZZA) Expected to Post Quarterly Sales of $470.74 Million

Analysts forecast that Papa John’s International, Inc. (NASDAQ:PZZA) will announce sales of $470.74 million for the current quarter, Zacks reports. Two analysts have provided estimates for Papa John’s International’s earnings. The highest sales estimate is $479.76 million and the lowest is $461.72 million. Papa John’s International reported sales of $439.62 million during the same quarter last year, which would suggest a positive year over year growth rate of 7.1%. The firm is expected to report its next earnings results on Tuesday, February 20th.

On average, analysts expect that Papa John’s International will report full year sales of $470.74 million for the current fiscal year, with estimates ranging from $1.78 billion to $1.80 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.81 billion per share. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Papa John’s International.

Papa John’s International (NASDAQ:PZZA) last posted its earnings results on Tuesday, October 31st. The company reported $0.60 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.61 by ($0.01). The firm had revenue of $431.70 million for the quarter, compared to the consensus estimate of $427.23 million. Papa John’s International had a return on equity of 4,321.08% and a net margin of 6.12%. The business’s revenue was up 2.2% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS.

A number of equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Papa John’s International from a “hold” rating to a “strong sell” rating in a report on Monday, November 6th. Stifel Nicolaus reissued a “hold” rating and issued a $60.00 price target on shares of Papa John’s International in a report on Friday, November 3rd. Jefferies Group LLC reissued a “hold” rating and issued a $65.00 price target on shares of Papa John’s International in a report on Friday, November 3rd. TheStreet lowered shares of Papa John’s International from a “b” rating to a “c+” rating in a report on Tuesday, October 31st. Finally, BTIG Research lowered shares of Papa John’s International from a “buy” rating to a “neutral” rating in a report on Wednesday, November 1st. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $79.56.

In other Papa John’s International news, Director Wayne Kent Taylor bought 8,860 shares of Papa John’s International stock in a transaction that occurred on Thursday, November 9th. The shares were bought at an average price of $57.53 per share, with a total value of $509,715.80. Following the acquisition, the director now owns 30,822 shares in the company, valued at $1,773,189.66. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Timothy C. Ohern sold 9,218 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $75.08, for a total transaction of $692,087.44. Following the transaction, the senior vice president now directly owns 35,650 shares in the company, valued at approximately $2,676,602. The disclosure for this sale can be found here. 27.70% of the stock is currently owned by company insiders.

Several hedge funds have recently added to or reduced their stakes in PZZA. BlackRock Inc. grew its holdings in shares of Papa John’s International by 12.4% during the 2nd quarter. BlackRock Inc. now owns 3,464,406 shares of the company’s stock valued at $248,607,000 after purchasing an additional 383,459 shares during the last quarter. Prudential Financial Inc. grew its holdings in shares of Papa John’s International by 275.1% during the 2nd quarter. Prudential Financial Inc. now owns 420,107 shares of the company’s stock valued at $30,147,000 after purchasing an additional 308,110 shares during the last quarter. Koch Industries Inc. grew its holdings in shares of Papa John’s International by 6,732.0% during the 2nd quarter. Koch Industries Inc. now owns 297,807 shares of the company’s stock valued at $294,000 after purchasing an additional 293,448 shares during the last quarter. Marshall Wace North America L.P. grew its holdings in shares of Papa John’s International by 391.8% during the 2nd quarter. Marshall Wace North America L.P. now owns 244,530 shares of the company’s stock valued at $17,607,000 after purchasing an additional 194,804 shares during the last quarter. Finally, Vanguard Group Inc. grew its holdings in shares of Papa John’s International by 7.3% during the 1st quarter. Vanguard Group Inc. now owns 2,378,840 shares of the company’s stock valued at $190,402,000 after purchasing an additional 160,913 shares during the last quarter. 87.48% of the stock is currently owned by institutional investors.

Papa John’s International (PZZA) opened at $59.53 on Friday. The company has a market cap of $2,048.56, a price-to-earnings ratio of 21.57, a PEG ratio of 1.63 and a beta of 0.47. Papa John’s International has a twelve month low of $57.22 and a twelve month high of $90.49. The company has a quick ratio of 1.01, a current ratio of 1.21 and a debt-to-equity ratio of -8.26.

Papa John’s International declared that its board has approved a stock buyback plan on Tuesday, August 1st that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 198% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s board believes its shares are undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 17th. Investors of record on Tuesday, November 7th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 1.51%. The ex-dividend date of this dividend is Monday, November 6th. Papa John’s International’s dividend payout ratio is currently 31.03%.

ILLEGAL ACTIVITY NOTICE: This story was first reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this story on another site, it was copied illegally and reposted in violation of United States and international copyright & trademark law. The original version of this story can be viewed at https://www.chaffeybreeze.com/2017/11/12/papa-johns-international-inc-pzza-expected-to-post-quarterly-sales-of-470-74-million.html.

Papa John’s International Company Profile

Papa John’s International, Inc (Papa John’s) operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa John’s. The Company operates through five segments: domestic Company-owned restaurants, North America commissaries, North America franchising, international operations and all other business units.

Get a free copy of the Zacks research report on Papa John’s International (PZZA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Papa John`s International (NASDAQ:PZZA)

Receive News & Ratings for Papa John's International Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Papa John's International Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply