Utz Brands (NYSE:UTZ) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS

Utz Brands (NYSE:UTZ) issued its quarterly earnings data on Thursday. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.03, RTT News reports. Utz Brands had a negative net margin of 0.99% and a positive return on equity of 7.25%. During the same period last year, the company posted $0.16 EPS. Utz Brands updated its FY 2025 guidance to 0.850-0.890 EPS.

Utz Brands Stock Up 6.2 %

UTZ traded up $0.84 on Thursday, reaching $14.31. The company’s stock had a trading volume of 631,468 shares, compared to its average volume of 1,123,404. The stock has a 50 day moving average of $14.49 and a two-hundred day moving average of $16.23. The company has a quick ratio of 0.85, a current ratio of 1.21 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -75.18, a P/E/G ratio of 0.85 and a beta of 1.01. Utz Brands has a fifty-two week low of $12.71 and a fifty-two week high of $20.04.

Utz Brands Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 16th were issued a $0.061 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.71%. This is an increase from Utz Brands’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend was Monday, December 16th. Utz Brands’s dividend payout ratio is -126.32%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays cut their price target on shares of Utz Brands from $19.00 to $17.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Piper Sandler cut their price target on shares of Utz Brands from $24.00 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, January 16th. TD Cowen cut their price target on shares of Utz Brands from $21.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, January 8th. Finally, Mizuho cut their price target on shares of Utz Brands from $21.00 to $19.00 and set an “outperform” rating on the stock in a research note on Monday, February 10th. Two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Utz Brands presently has an average rating of “Moderate Buy” and a consensus target price of $20.00.

Utz Brands Company Profile

Utz Brands, Inc engages in manufacture, marketing, and distribution of snack foods. It offers a range of salty snacks, including salty snacks, including potato chips, tortilla chips, pretzels, cheese snacks, pork skins, veggie snacks, pub/party mixes, tortilla chips, salsa and dips, ready-to-eat popcorn, and other snacks under the Utz, Zapp’s, ON THE BORDER, Golden Flake, Boulder Canyon, Hawaiian, TORTIYAHS!, etc.