Papa John’s International (PZZA) to Release Quarterly Earnings on Thursday

Papa John’s International (NASDAQ:PZZA) is set to issue its quarterly earnings data before the market opens on Thursday, May 9th. Analysts expect the company to announce earnings of $0.60 per share for the quarter. Parties that are interested in participating in the company’s conference call can do so using this link.

Papa John’s International (NASDAQ:PZZA) last announced its quarterly earnings data on Thursday, February 29th. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.73 by $0.18. Papa John’s International had a net margin of 3.84% and a negative return on equity of 19.46%. The firm had revenue of $571.32 million during the quarter, compared to analysts’ expectations of $578.15 million. During the same period in the prior year, the company posted $0.71 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts expect Papa John’s International to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Papa John’s International Stock Performance

PZZA opened at $57.93 on Wednesday. The stock has a market cap of $1.91 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The firm’s fifty day moving average is $65.81 and its 200 day moving average is $69.20. Papa John’s International has a fifty-two week low of $57.69 and a fifty-two week high of $86.38.

Papa John’s International Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 20th will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date is Friday, May 17th. Papa John’s International’s dividend payout ratio (DPR) is 74.80%.

Insider Transactions at Papa John’s International

In other news, Director Laurette T. Koellner sold 2,886 shares of the business’s stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $70.21, for a total value of $202,626.06. Following the sale, the director now directly owns 18,804 shares in the company, valued at approximately $1,320,228.84. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on PZZA shares. Wedbush reissued an “outperform” rating and issued a $87.00 price target on shares of Papa John’s International in a report on Friday, March 1st. BMO Capital Markets dropped their target price on shares of Papa John’s International from $90.00 to $80.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. BTIG Research cut shares of Papa John’s International from a “buy” rating to a “neutral” rating in a research note on Friday, March 22nd. Stephens assumed coverage on shares of Papa John’s International in a report on Friday, April 12th. They issued an “overweight” rating and a $75.00 price target on the stock. Finally, StockNews.com downgraded shares of Papa John’s International from a “buy” rating to a “hold” rating in a report on Saturday, March 9th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $81.60.

About Papa John’s International

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. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations.