Pinnacle Foods Inc (PF) reported quarterly earnings results on Thursday, Apr-28-2016. The company reported $0.40 EPS for the quarter. Analysts had a consensus estimate of $0.40. The company posted revenue of $754.30 million in the period, compared to analysts expectations of $774.55 million. The company’s revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS.
Many Wall Street Analysts have commented on Pinnacle Foods Inc. Pinnacle Foods Inc was Upgraded by Buckingham Research to ” Buy” on Mar 2, 2016.
Pinnacle Foods Inc closed down -0.14 points or -0.32% at $43.95 with 15,49,981 shares getting traded on Wednesday. Post opening the session at $44.09, the shares hit an intraday low of $43.7 and an intraday high of $44.39 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 21, 2016, Mark L. Schiller (EVP, Div. Pres – NA Retail) sold 7,823 shares at $46.00 per share price. According to the SEC, on Mar 15, 2016, Michael Kelley Maggs (EVP, Secretary, GC) sold 5,000 shares at $45.65 per share price. On Aug 6, 2015, Muktesh Pant (director) purchased 20,000 shares at $45.48 per share price, according to the Form-4 filing with the securities and exchange commission.
Pinnacle Foods Inc. is a manufacturer marketer and distributor of food products in North America. The Company’s products are sold through supermarkets grocery wholesalers and distributors mass merchandisers super centers convenience stores dollar stores drug stores and warehouse clubs in the United States and Canada as well as in military channels and foodservice locations. The Company operates through three segments: the Birds Eye Frozen segment the Duncan Hines Grocery segment and the Specialty Foods segment. The Birds Eye Frozen segment and the Duncan Hines Grocery segment which collectively represent its North America Retail operations include Birds Eye Birds Eye Voila! Van de Kamp’s Mrs. Paul’s Lender’s Celeste Hungry-Man and Aunt Jemima brands. The Duncan Hines Grocery Segment includes Duncan Hines Vlasic Log Cabin Armour Brooks and Nalley brand among others. Specialty Foods Segment consists of Snack Products and Foodservice and Private Label.