{"id":2177,"date":"2010-11-22T11:13:00","date_gmt":"2010-11-22T11:13:00","guid":{"rendered":"https:\/\/www2.thestockmarketwatch.com\/stock-market-news\/hj-heinz-co-reports-higher-net-income-for-q2\/2177\/"},"modified":"2010-11-22T11:13:00","modified_gmt":"2010-11-22T11:13:00","slug":"hj-heinz-co-reports-higher-net-income-for-q2","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/hj-heinz-co-reports-higher-net-income-for-q2\/2177\/","title":{"rendered":"HJ Heinz Co. Reports Higher Net Income for Q2"},"content":{"rendered":"

HJ Heinz Co<\/strong>. (NYSE<\/a>:HNZ<\/strong><\/a>) has announced its results for the fiscal second quarter of the year. The company has earned 9 percent higher net income for the quarter. HJ Heinz Co. has reported its net income at $251.4 million. On per share basis, the income for the quarter stood at 78 cents. The company had earned 73 cents per share or $231.4 million during the second quarter of the last year.<\/p>\n

* HJ Heinz Co. reported its revenue at $2.61 billion.
\n* The company had earned $2.67 billion in revenue during the second quarter of the last year.<\/p>\n

HJ Heinz Co. was expected to report its revenue at $2.61 billion. Bill Johnson, CEO of the company, said, \u201cWithout question, emerging markets were the growth engine of the quarter and the first half of the fiscal year.\u201d He also added, \u201cAs the U.S. economy begins to improve, I expect sales at our U.S. foodservice business in the second half of this fiscal year to improve enough to be essentially flat with a year ago which would be a very positive development after the prolonged downturn in restaurant traffic.”<\/p>\n

<\/span><\/p>\n

Key Financial Stats<\/p>\n

Valuation<\/p>\n

* Price\/Earnings(TTM)17.20
\n* Price\/Cash Flow12.60
\n* Price\/Sales (TTM)1.45
\n* Price\/Book7.66<\/p>\n

Financial Strength<\/p>\n

* Quick Ratio (MRQ)0.50
\n* Current Ratio (MRQ)1.00
\n* LT Debt to Equity (MRQ)1.83
\n* Total Debt to Capital (MRQ)2.28
\n* Return on Equity45.70<\/p>\n

Assets<\/p>\n

* Asset Turnover1.10
\n* Asset per Employee.1M
\n* Inventory Turnover5.00<\/p>\n

Per Share Data<\/p>\n

* Earnings (TTM)2.79
\n* Current P\/E Ratio1.00
\n* Cash Flow3.80
\n* Annual Dividend1.80
\n* Book Value6.27
\n* EBITDA15.10<\/p>\n

Profitability<\/p>\n

* Market Cap2.79
\n* Gross Margin (TTM)39.10
\n* Operating Margin (TTM)15.10
\n* Profit Margin (TTM) 8.60<\/p>\n

Management Effectiveness<\/p>\n

* Return on Equity (TTM)45.70%
\n* Return on Assets (TTM)9.20%
\n* Return on Investment (TTM)16.10%<\/p>\n

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