After finishing at $18.88 in the prior trading day, WK Kellogg Co (NYSE: KLG) closed at $18.92, up 0.21%. In other words, the price has increased by $+0.04 from its previous closing price. On the day, 1440390 shares were traded.
Ratios:
Our goal is to gain a better understanding of KLG by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.43 and its Current Ratio is at 0.84. In the meantime, Its Debt-to-Equity ratio is 1.66 whereas as Long-Term Debt/Eq ratio is at 1.62.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Morgan Stanley on December 14, 2023, initiated with a Equal-Weight rating and assigned the stock a target price of $13.
On November 13, 2023, Evercore ISI started tracking the stock assigning a In-line rating and target price of $13.
On November 06, 2023, Barclays started tracking the stock assigning a Underweight rating and target price of $11.Barclays initiated its Underweight rating on November 06, 2023, with a $11 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Feb 28 ’24 when MURGUIA RAMON bought 1,000 shares for $14.64 per share. The transaction valued at 14,640 led to the insider holds 10,860 shares of the business.
Brice Sherry bought 3,150 shares of KLG for $37,019 on Nov 22 ’23. The Chief Supply Chain Officer now owns 9,335 shares after completing the transaction at $11.75 per share. On Nov 14 ’23, another insider, Brice Sherry, who serves as the Chief Supply Chain Officer of the company, bought 5,580 shares for $10.77 each. As a result, the insider paid 60,077 and bolstered with 6,185 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, KLG now has a Market Capitalization of 1.62B and an Enterprise Value of 2.03B. Its current Enterprise Value per Revenue stands at 0.73 whereas that against EBITDA is 9.19.
Stock Price History:
Over the past 52 weeks, KLG has reached a high of $21.00, while it has fallen to a 52-week low of $9.65. The 50-Day Moving Average of the stock is 15.18, while the 200-Day Moving Average is calculated to be 13.02.
Shares Statistics:
The stock has traded on average 1.16M shares per day over the past 3-months and 1.16M shares per day over the last 10 days, according to various share statistics. A total of 85.81M shares are outstanding, with a floating share count of 64.84M. Insiders hold about 24.28% of the company’s shares, while institutions hold 62.92% stake in the company. Shares short for KLG as of Mar 15, 2024 were 6.56M with a Short Ratio of 5.66, compared to 4.32M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 7.64% and a Short% of Float of 13.87%.
Dividends & Splits
In the trailing 12 months, KLG’s forward annual dividend rate was 0.16, compared to 0.32 this year. Against a Trailing Annual Dividend Yield of 0.85%, it implies a Forward Annual Dividend Yield of 3.39%.
Earnings Estimates
Its stock is currently analyzed by 8 different market analysts. The consensus estimate for the next quarter is $0.45, with high estimates of $0.53 and low estimates of $0.39.
Analysts are recommending an EPS of between $1.54 and $1.34 for the fiscal current year, implying an average EPS of $1.48. EPS for the following year is $1.51, with 9 analysts recommending between $1.8 and $0.86.
Revenue Estimates
A total of 8 analysts have provided revenue estimates for KLG’s current fiscal year. The highest revenue estimate was $2.73B, while the lowest revenue estimate was $2.7B, resulting in an average revenue estimate of $2.72B. In the same quarter a year ago, actual revenue was $2.76B, down -1.70% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $2.7B in the next fiscal year. The high estimate is $2.74B and the low estimate is $2.68B. The average revenue growth estimate for next year is down -0.50% from the average revenue estimate for this year.
