Wall Street analysts forecast that Wendys Co (NASDAQ:WEN) will post earnings per share (EPS) of $0.11 for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Wendys’ earnings, with the highest EPS estimate coming in at $0.13 and the lowest estimate coming in at $0.09. Wendys posted earnings of $0.09 per share during the same quarter last year, which would indicate a positive year over year growth rate of 22.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 9th.
According to Zacks, analysts expect that Wendys will report full-year earnings of $0.59 per share for the current fiscal year, with EPS estimates ranging from $0.54 to $0.69. For the next year, analysts expect that the business will post earnings of $0.72 per share, with EPS estimates ranging from $0.68 to $0.78. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Wendys.
Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, February 21st. The restaurant operator reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.01). Wendys had a net margin of 15.86% and a return on equity of 21.24%. The company had revenue of $309.25 million for the quarter, compared to the consensus estimate of $315.31 million. During the same quarter in the previous year, the business earned $0.08 earnings per share. Wendys’s revenue was down .2% compared to the same quarter last year.
Several research firms recently commented on WEN. Wedbush reiterated a “buy” rating and issued a $20.00 price objective on shares of Wendys in a report on Thursday. Barclays reduced their price objective on Wendys from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday. Guggenheim upgraded Wendys from a “neutral” rating to a “buy” rating in a report on Friday, February 16th. BidaskClub downgraded Wendys from a “sell” rating to a “strong sell” rating in a report on Friday, February 16th. Finally, Wells Fargo & Co lifted their price objective on Wendys from $15.50 to $16.00 and gave the stock a “market perform” rating in a report on Monday, February 12th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.02.
Several hedge funds have recently bought and sold shares of WEN. FMR LLC lifted its position in shares of Wendys by 1,023.5% during the 2nd quarter. FMR LLC now owns 799,897 shares of the restaurant operator’s stock valued at $12,406,000 after buying an additional 728,697 shares in the last quarter. Voya Investment Management LLC lifted its position in shares of Wendys by 1.9% during the 2nd quarter. Voya Investment Management LLC now owns 71,040 shares of the restaurant operator’s stock valued at $1,102,000 after buying an additional 1,304 shares in the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Wendys by 1.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 283,233 shares of the restaurant operator’s stock valued at $4,393,000 after buying an additional 3,145 shares in the last quarter. First Trust Advisors LP lifted its position in shares of Wendys by 125.5% during the 3rd quarter. First Trust Advisors LP now owns 321,067 shares of the restaurant operator’s stock valued at $4,986,000 after buying an additional 178,685 shares in the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Wendys during the 3rd quarter valued at about $421,000. 77.62% of the stock is currently owned by hedge funds and other institutional investors.
Wendys (WEN) remained flat at $$16.88 during midday trading on Wednesday. The stock had a trading volume of 8,235,974 shares, compared to its average volume of 4,823,161. Wendys has a fifty-two week low of $13.03 and a fifty-two week high of $17.66. The company has a market capitalization of $4,059.84, a P/E ratio of 38.36, a P/E/G ratio of 2.01 and a beta of 0.82. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 4.75.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be given a $0.085 dividend. This represents a $0.34 annualized dividend and a yield of 2.01%. This is a boost from Wendys’s previous quarterly dividend of $0.07. The ex-dividend date is Wednesday, February 28th. Wendys’s dividend payout ratio (DPR) is presently 35.90%.
Wendys declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 15th that permits the company to repurchase $175.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
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