Brokerages expect Yum! Brands (NYSE:YUM) to report sales of $1.08 billion for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Yum! Brands’ earnings, with estimates ranging from $1.03 billion to $1.15 billion. Yum! Brands posted sales of $1.42 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 23.9%. The firm is scheduled to issue its next quarterly earnings report on Wednesday, May 2nd.
On average, analysts expect that Yum! Brands will report full-year sales of $4.42 billion for the current year, with estimates ranging from $4.14 billion to $4.65 billion. For the next financial year, analysts forecast that the company will report sales of $4.27 billion per share, with estimates ranging from $3.99 billion to $4.51 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Yum! Brands.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings results on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.16. Yum! Brands had a negative return on equity of 17.27% and a net margin of 22.80%. The business had revenue of $1.58 billion for the quarter, compared to the consensus estimate of $1.59 billion. During the same quarter in the previous year, the company posted $0.79 earnings per share. Yum! Brands’s revenue for the quarter was down 16.4% compared to the same quarter last year.
A number of research analysts have commented on the company. Stifel Nicolaus boosted their target price on Yum! Brands from $92.00 to $94.00 and gave the company a “buy” rating in a research note on Wednesday, April 18th. Instinet downgraded Yum! Brands from a “buy” rating to a “neutral” rating in a research note on Tuesday, January 30th. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Friday, January 26th. Edward Jones upgraded Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, January 26th. Finally, Nomura downgraded Yum! Brands from a “buy” rating to a “neutral” rating and set a $89.00 target price on the stock. in a research note on Tuesday, January 30th. Thirteen analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Yum! Brands currently has an average rating of “Buy” and a consensus price target of $83.91.
In other news, CEO Brian R. Niccol sold 945 shares of the company’s stock in a transaction dated Friday, February 9th. The stock was sold at an average price of $79.90, for a total transaction of $75,505.50. Following the completion of the sale, the chief executive officer now owns 10,785 shares in the company, valued at approximately $861,721.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.63% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Calton & Associates Inc. acquired a new position in shares of Yum! Brands during the 4th quarter worth about $102,000. Trustcore Financial Services LLC acquired a new position in shares of Yum! Brands during the 4th quarter worth about $118,000. Aevitas Wealth Management Inc. acquired a new position in shares of Yum! Brands during the 4th quarter worth about $139,000. Cerebellum GP LLC acquired a new position in shares of Yum! Brands during the 4th quarter worth about $140,000. Finally, Advisory Services Network LLC lifted its position in shares of Yum! Brands by 54.2% during the 4th quarter. Advisory Services Network LLC now owns 1,921 shares of the restaurant operator’s stock worth $157,000 after purchasing an additional 675 shares during the last quarter. Institutional investors own 74.99% of the company’s stock.
Shares of YUM stock traded down $0.40 on Monday, reaching $85.89. 1,835,613 shares of the company’s stock traded hands, compared to its average volume of 2,127,588. Yum! Brands has a 12-month low of $65.17 and a 12-month high of $87.45. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of -1.49. The company has a market capitalization of $28,692.55, a price-to-earnings ratio of 29.02, a P/E/G ratio of 2.07 and a beta of 0.84.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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