What is Wedbush’s Estimate for PZZA FY2024 Earnings?

Papa Johns International, Inc. (NASDAQ:PZZA) – Equities researchers at Wedbush dropped their FY2024 earnings estimates for Papa Johns International in a research report issued to clients and investors on Wednesday, January 15th. Wedbush analyst N. Setyan now forecasts that the company will post earnings of $2.10 per share for the year, down from their previous estimate of $2.16. Wedbush has a “Outperform” rating and a $60.00 price objective on the stock. The consensus estimate for Papa Johns International’s current full-year earnings is $2.21 per share. Wedbush also issued estimates for Papa Johns International’s Q4 2024 earnings at $0.40 EPS and Q1 2025 earnings at $0.60 EPS.

Papa Johns International (NASDAQ:PZZA) last released its earnings results on Thursday, November 7th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. The business had revenue of $506.80 million during the quarter, compared to analyst estimates of $497.28 million. Papa Johns International had a net margin of 4.51% and a negative return on equity of 19.61%. The business’s quarterly revenue was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.53 earnings per share.

Several other equities research analysts also recently commented on the company. KeyCorp downgraded Papa Johns International from an “overweight” rating to a “sector weight” rating in a report on Thursday, November 14th. Jefferies Financial Group reduced their price objective on shares of Papa Johns International from $55.00 to $42.00 and set a “hold” rating for the company in a research note on Wednesday. Bank of America lifted their target price on shares of Papa Johns International from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. UBS Group reduced their price target on shares of Papa Johns International from $56.00 to $45.00 and set a “neutral” rating for the company in a research report on Tuesday, January 7th. Finally, Stephens reiterated an “overweight” rating and set a $62.00 price objective on shares of Papa Johns International in a research report on Monday, January 13th. Eight analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $58.33.

Papa Johns International Stock Performance

Shares of NASDAQ:PZZA opened at $36.01 on Thursday. The company has a market capitalization of $1.18 billion, a PE ratio of 12.55, a price-to-earnings-growth ratio of 1.72 and a beta of 1.19. The stock has a fifty day moving average of $44.28 and a 200-day moving average of $46.77. Papa Johns International has a one year low of $35.28 and a one year high of $78.67.

Institutional Investors Weigh In On Papa Johns International

Several institutional investors have recently made changes to their positions in the company. Signaturefd LLC increased its holdings in Papa Johns International by 66.9% in the third quarter. Signaturefd LLC now owns 646 shares of the company’s stock worth $35,000 after buying an additional 259 shares during the last quarter. Copeland Capital Management LLC acquired a new stake in shares of Papa Johns International in the 3rd quarter valued at $42,000. US Bancorp DE boosted its holdings in Papa Johns International by 225.4% in the third quarter. US Bancorp DE now owns 1,331 shares of the company’s stock worth $72,000 after purchasing an additional 922 shares in the last quarter. CWM LLC increased its position in Papa Johns International by 27.5% during the third quarter. CWM LLC now owns 1,690 shares of the company’s stock worth $91,000 after buying an additional 365 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Papa Johns International during the third quarter valued at about $156,000.

Papa Johns International Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 18th were given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 5.11%. The ex-dividend date was Monday, November 18th. Papa Johns International’s payout ratio is currently 64.11%.

Papa Johns International Company Profile

Papa John’s International, Inc engages in the operation and franchise of pizza delivery and carryout restaurants. It operates through the following segments: Domestic Company-owned Restaurants, North America Franchising, North America Commissaries, International Operations, and All Others. The Domestic Company-Owned Restaurants segment consists of retail sales of pizza and side items, breadsticks, cheese sticks, chicken poppers and wings, dessert items, and canned and bottled beverages.