Kellogg Company Reports Second Quarter 2016 Results, Raises Outlook for Comparable Profit Margin*
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RBC Capital Raises Price Target on Kellogg (K) to $86 Following In-Line 2Q
August 5, 2016 7:52 AM EDTRBC Capital reiterates Sector Perform rating on Kellogg (NYSE: K), and raised the price target to $86.00 (from $82.00), following the company's 2Q earnings report. K reported an in-line EPS of $0.91. Management maintained 2016 EPS of $3.61.
Analyst David Palmer commented, "While we maintain our full-year EPS... More
Kellogg (K) Reports In-Line Q2 EPS; Boosts FY16 EPS Outlook
August 4, 2016 8:02 AM EDTKellogg (NYSE: K) reported Q2 EPS of $0.91, in-line with the analyst estimate of $0.91. Revenue for the quarter came in at $3.27 billion versus the consensus estimate of $3.37 billion.
*** Currency-neutral EPS was $1.00.
GUIDANCE:
Kellogg sees FY2016 EPS of $4.11 - $4.18, versus prior guidance of... More
