Key Details
Annual ROE
6.00%Beta
-Events Calendar
Next earnings date:
N/ARecent quarterly earnings:
May 10, 2024Recent annual earnings:
Feb 28, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
N/ANext split:
N/ARecent split:
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Sovos Brands, Inc. (SOVO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues.
Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.26 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to earnings of $0.19 per share a year ago.
Sovos Brands, Inc. (SOVO) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Sovos Brands, Inc. (SOVO) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
Does Sovos Brands, Inc. (SOVO) have what it takes to be a top stock pick for momentum investors? Let's find out.
Sovos' (SOVO) shares jump 25% as reports emerge that Campbell (CPB) is finalizing a $2.7 billion deal to take the company over.
Shares of Sovos Brands Inc (NASDAQ: SOVO) are up 25% on Monday after Campbell Soup Company (NYSE: CPB) said it will buy the premium sauces maker for about $2.7 billion.
Sovos agreed to be acquired by Campbell Soup for $2.7 billion in cash and assumed debt. The deal offers shareholders a significant premium over Friday's close, but will deprive investors of the chance to partake in future growth from the Sovos brands.
Sovos Brands, Inc. (SOVO) came out with quarterly earnings of $0.17 per share, beating the Zacks Consensus Estimate of $0.13 per share. This compares to earnings of $0.13 per share a year ago.
Sovos Brands has experienced strong growth and momentum, primarily driven by its Rao brand, with the potential for increased household penetration and expansion into adjacent categories like pizza. Despite the positive trajectory, SOVO's current valuation at 28x forward P/E is no longer attractive, with the potential for multiple compressions posing a headwind to shareholder returns. The recommendation for SOVO has been changed to hold due to the rich valuation, but it remains a business worth monitoring for the long term.
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