1. HJ Heinz (HNZ), a manufacturer of ketchup and other food products, will announce second-quarter fiscal year 2012 results on Nov. 18.
For the second quarter of fiscal year 2012, dividend per share is seen coming in at 48 cents as compared to 45 cents paid in the second quarter of fiscal year 2011. Currently, the company has a dividend yield of 3.4%.
For the second quarter of fiscal year 2012, net income is seen at $259.3 million, or 80 cents a share, vs. $251.4 million, or 78 cents a share, recorded in the year-ago quarter. Also, for the same period, net sales are seen growing to $2.91 billion from $2.61 billion. Operating profit is at $417.17 million from $416.8 million earlier. Cash flow per share is pegged at $1.06 for the quarter as compared to 51 cents in the first quarter of fiscal year 2011.Of the 20 analysts covering the stock, 50% recommend a buy and 45% suggest a hold. On an average, analysts polled by Bloomberg expect the stock to gain almost 4.7% to $55.64 from current levels over the next 12 months. >>To see these stocks in action, visit the 7 Earnings Stocks to Watch portfolio on Stockpickr.