Equities research analysts predict that Yum! Brands, Inc. (NYSE:YUM) will report $1.39 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.33 billion. Yum! Brands posted sales of $3.32 billion in the same quarter last year, which would indicate a negative year over year growth rate of 58.1%. The company is scheduled to announce its next earnings results on Wednesday, October 4th.
On average, analysts expect that Yum! Brands will report full-year sales of $1.39 billion for the current fiscal year, with estimates ranging from $5.70 billion to $6.20 billion. For the next fiscal year, analysts anticipate that the business will post sales of $4.86 billion per share, with estimates ranging from $4.40 billion to $6.37 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s revenue for the quarter was down 4.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.75 earnings per share.
A number of equities research analysts recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating on shares of Yum! Brands in a research report on Monday, July 3rd. Instinet reiterated a “buy” rating and issued a $78.00 price target on shares of Yum! Brands in a research report on Sunday, May 28th. BMO Capital Markets reiterated a “hold” rating and issued a $66.00 price target on shares of Yum! Brands in a research report on Monday, May 22nd. Royal Bank Of Canada reiterated a “buy” rating and issued a $75.00 price target on shares of Yum! Brands in a research report on Thursday, June 15th. Finally, Oppenheimer Holdings, Inc. upped their price target on Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a research report on Friday, September 8th. Fifteen research analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $80.31.
Shares of Yum! Brands (NYSE:YUM) traded down 2.48% during mid-day trading on Friday, hitting $75.25. The stock had a trading volume of 5,742,937 shares. The firm has a market cap of $25.94 billion, a PE ratio of 19.98 and a beta of 0.83. The stock has a 50 day moving average price of $76.01 and a 200 day moving average price of $70.82. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $78.14.
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In other news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at $2,935,136. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Brian R. Niccol sold 1,487 shares of the company’s stock in a transaction that occurred on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total value of $109,770.34. Following the completion of the transaction, the chief executive officer now directly owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. Corporate insiders own 7.38% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. YorkBridge Wealth Partners LLC grew its holdings in Yum! Brands by 49.0% during the first quarter. YorkBridge Wealth Partners LLC now owns 1,557 shares of the restaurant operator’s stock valued at $103,000 after purchasing an additional 512 shares during the period. Acrospire Investment Management LLC bought a new position in Yum! Brands during the second quarter valued at $104,000. Kistler Tiffany Companies LLC grew its holdings in Yum! Brands by 0.5% during the second quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock valued at $113,000 after purchasing an additional 7 shares during the period. Founders Capital Management grew its holdings in Yum! Brands by 164.5% during the second quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 1,020 shares during the period. Finally, Bronfman E.L. Rothschild L.P. grew its holdings in Yum! Brands by 5.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock valued at $130,000 after purchasing an additional 114 shares during the period. 72.12% of the stock is owned by institutional investors and hedge funds.
Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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