Papa John’s Int’l, Inc. Expected to Post Q3 2019 Earnings of $0.16 Per Share (PZZA)

Papa John’s Int’l, Inc. (NASDAQ:PZZA) – Stock analysts at Jefferies Financial Group dropped their Q3 2019 earnings per share (EPS) estimates for Papa John’s Int’l in a research note issued on Wednesday, February 27th. Jefferies Financial Group analyst A. Slagle now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their prior forecast of $0.35. Jefferies Financial Group also issued estimates for Papa John’s Int’l’s FY2019 earnings at $1.15 EPS.

Get Papa John's Int'l alerts:

Papa John’s Int’l (NASDAQ:PZZA) last posted its earnings results on Tuesday, February 26th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.23 by ($0.08). Papa John’s Int’l had a net margin of 2.64% and a negative return on equity of 27.98%. The business had revenue of $373.98 million for the quarter, compared to analysts’ expectations of $393.05 million. During the same period last year, the firm posted $0.65 earnings per share. Papa John’s Int’l’s quarterly revenue was down 20.0% on a year-over-year basis.

Several other equities analysts have also recently issued reports on the company. Stifel Nicolaus reduced their target price on Papa John’s Int’l from $38.00 to $6.00 and set a “hold” rating on the stock in a research note on Friday, February 1st. Citigroup boosted their target price on Papa John’s Int’l from $51.00 to $64.00 and gave the company a “buy” rating in a research note on Monday, November 12th. BidaskClub cut Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Tuesday, January 1st. ValuEngine cut Papa John’s Int’l from a “buy” rating to a “hold” rating in a research note on Friday, December 28th. Finally, Zacks Investment Research cut Papa John’s Int’l from a “hold” rating to a “sell” rating in a research note on Wednesday, December 5th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.00.

PZZA opened at $43.39 on Monday. Papa John’s Int’l has a 52-week low of $38.05 and a 52-week high of $64.18. The company has a market cap of $1.32 billion, a PE ratio of 32.38, a price-to-earnings-growth ratio of 2.79 and a beta of 0.52.

Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Papa John’s Int’l by 1.6% in the fourth quarter. Legal & General Group Plc now owns 22,916 shares of the company’s stock worth $913,000 after purchasing an additional 359 shares during the period. Texas Permanent School Fund grew its stake in Papa John’s Int’l by 3.7% in the fourth quarter. Texas Permanent School Fund now owns 14,655 shares of the company’s stock worth $583,000 after purchasing an additional 529 shares during the period. PNC Financial Services Group Inc. grew its stake in Papa John’s Int’l by 140.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,114 shares of the company’s stock worth $44,000 after purchasing an additional 650 shares during the period. Freestone Capital Holdings LLC purchased a new stake in Papa John’s Int’l in the fourth quarter worth $800,000. Finally, Pacer Advisors Inc. grew its stake in Papa John’s Int’l by 12.3% in the third quarter. Pacer Advisors Inc. now owns 8,231 shares of the company’s stock worth $422,000 after purchasing an additional 903 shares during the period. 81.41% of the stock is currently owned by hedge funds and other institutional investors.

The firm also recently announced a quarterly dividend, which was paid on Friday, February 22nd. Stockholders of record on Monday, February 11th were paid a dividend of $0.225 per share. The ex-dividend date was Friday, February 8th. This represents a $0.90 annualized dividend and a dividend yield of 2.07%. Papa John’s Int’l’s dividend payout ratio (DPR) is presently 67.16%.

About Papa John’s Int’l

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.

Recommended Story: What is Cost of Debt?