$0.23 EPS Expected for Papa John’s Int’l, Inc. (PZZA) This Quarter

Brokerages expect Papa John’s Int’l, Inc. (NASDAQ:PZZA) to announce earnings per share of $0.23 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Papa John’s Int’l’s earnings. The highest EPS estimate is $0.24 and the lowest is $0.22. Papa John’s Int’l reported earnings of $0.60 per share in the same quarter last year, which would suggest a negative year over year growth rate of 61.7%. The firm is scheduled to report its next quarterly earnings results on Tuesday, October 30th.

On average, analysts expect that Papa John’s Int’l will report full year earnings of $1.51 per share for the current year, with EPS estimates ranging from $1.50 to $1.53. For the next financial year, analysts anticipate that the business will post earnings of $1.68 per share, with EPS estimates ranging from $1.35 to $1.85. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that cover Papa John’s Int’l.

Papa John’s Int’l (NASDAQ:PZZA) last released its quarterly earnings data on Tuesday, August 7th. The company reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.54 by ($0.05). The firm had revenue of $407.96 million for the quarter, compared to analyst estimates of $418.30 million. Papa John’s Int’l had a negative return on equity of 47.37% and a net margin of 4.54%.

Several research analysts have recently weighed in on PZZA shares. Citigroup lowered their price objective on shares of Papa John’s Int’l from $71.00 to $62.00 and set a “buy” rating on the stock in a research note on Tuesday, June 19th. BidaskClub downgraded shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a report on Wednesday, July 4th. Jefferies Financial Group raised shares of Papa John’s Int’l from a “hold” rating to a “buy” rating and set a $58.00 target price for the company in a report on Wednesday, August 1st. Zacks Investment Research downgraded shares of Papa John’s Int’l from a “hold” rating to a “sell” rating in a report on Wednesday, May 30th. Finally, Bank of America raised shares of Papa John’s Int’l from a “neutral” rating to a “buy” rating in a report on Monday, August 27th. Three equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. Papa John’s Int’l currently has a consensus rating of “Hold” and a consensus price target of $59.56.

Shares of Papa John’s Int’l stock traded up $0.09 during trading on Monday, hitting $46.32. 1,181,800 shares of the stock were exchanged, compared to its average volume of 1,298,327. The firm has a market capitalization of $1.46 billion, a PE ratio of 17.65, a P/E/G ratio of 2.45 and a beta of 0.46. Papa John’s Int’l has a 1-year low of $38.05 and a 1-year high of $75.07. The company has a debt-to-equity ratio of -2.22, a current ratio of 1.08 and a quick ratio of 0.90.

Several hedge funds have recently made changes to their positions in PZZA. Champlain Investment Partners LLC bought a new stake in shares of Papa John’s Int’l during the 1st quarter worth about $41,465,000. Point72 Asset Management L.P. boosted its holdings in Papa John’s Int’l by 121.5% in the 2nd quarter. Point72 Asset Management L.P. now owns 294,043 shares of the company’s stock valued at $14,914,000 after purchasing an additional 161,302 shares during the period. Seven Eight Capital LP bought a new stake in Papa John’s Int’l in the 1st quarter valued at about $6,199,000. JPMorgan Chase & Co. boosted its holdings in Papa John’s Int’l by 4.7% in the 1st quarter. JPMorgan Chase & Co. now owns 1,911,661 shares of the company’s stock valued at $109,538,000 after purchasing an additional 85,677 shares during the period. Finally, Bank of Montreal Can boosted its holdings in Papa John’s Int’l by 2,058.5% in the 2nd quarter. Bank of Montreal Can now owns 87,462 shares of the company’s stock valued at $4,435,000 after purchasing an additional 83,410 shares during the period. 82.64% of the stock is owned by institutional investors and hedge funds.

Papa John’s Int’l Company Profile

Papa John's International, Inc operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. It operates through five segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, International Operations, and All Others.

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

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