Wall Street brokerages expect that Yum! Brands, Inc. (NYSE:YUM) will announce earnings of $0.81 per share for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Yum! Brands’ earnings. The highest EPS estimate is $0.86 and the lowest is $0.77. Yum! Brands reported earnings of $0.90 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 10%. The company is scheduled to report its next earnings results before the market opens on Wednesday, May 1st.
On average, analysts expect that Yum! Brands will report full-year earnings of $3.81 per share for the current financial year, with EPS estimates ranging from $3.77 to $3.86. For the next year, analysts expect that the business will post earnings of $4.23 per share, with EPS estimates ranging from $4.07 to $4.32. Zacks’ EPS calculations are an average based on a survey of analysts that follow Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, February 7th. The restaurant operator reported $0.40 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.97 by ($0.57). Yum! Brands had a net margin of 27.11% and a negative return on equity of 14.19%. The firm had revenue of $1.56 billion during the quarter, compared to analyst estimates of $1.57 billion. During the same quarter in the previous year, the business posted $0.96 earnings per share. Yum! Brands’s revenue for the quarter was down 1.2% compared to the same quarter last year.
A number of equities research analysts have recently weighed in on YUM shares. Goldman Sachs Group lowered shares of Yum! Brands from a “neutral” rating to a “sell” rating and reduced their price objective for the company from $83.00 to $76.00 in a report on Friday, January 11th. Zacks Investment Research lowered shares of Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, January 14th. JPMorgan Chase & Co. lowered shares of Yum! Brands from an “overweight” rating to a “neutral” rating and set a $94.00 price objective on the stock. in a report on Tuesday, March 19th. BMO Capital Markets raised their price objective on shares of Yum! Brands to $100.00 and gave the company a “market perform” rating in a report on Friday, February 8th. Finally, Mizuho lowered shares of Yum! Brands from a “buy” rating to a “neutral” rating and set a $84.00 price objective on the stock. in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $95.71.
In other Yum! Brands news, CFO David W. Gibbs sold 1,531 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $99.54, for a total transaction of $152,395.74. Following the transaction, the chief financial officer now directly owns 41,345 shares of the company’s stock, valued at approximately $4,115,481.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO David W. Gibbs sold 1,537 shares of the firm’s stock in a transaction on Monday, April 15th. The stock was sold at an average price of $101.49, for a total transaction of $155,990.13. Following the transaction, the chief financial officer now directly owns 43,516 shares in the company, valued at $4,416,438.84. The disclosure for this sale can be found here. Insiders sold a total of 98,922 shares of company stock worth $9,384,824 over the last ninety days. Insiders own 0.67% of the company’s stock.
Institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its position in shares of Yum! Brands by 2.4% in the fourth quarter. BlackRock Inc. now owns 21,595,217 shares of the restaurant operator’s stock worth $1,985,033,000 after purchasing an additional 496,648 shares in the last quarter. Oregon Public Employees Retirement Fund increased its holdings in Yum! Brands by 6,899.3% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 5,916,798 shares of the restaurant operator’s stock worth $64,000 after buying an additional 5,832,264 shares during the last quarter. Northern Trust Corp increased its holdings in Yum! Brands by 2.0% in the fourth quarter. Northern Trust Corp now owns 3,931,459 shares of the restaurant operator’s stock worth $361,380,000 after buying an additional 78,678 shares during the last quarter. Geode Capital Management LLC increased its holdings in Yum! Brands by 7.2% in the fourth quarter. Geode Capital Management LLC now owns 3,883,831 shares of the restaurant operator’s stock worth $356,348,000 after buying an additional 260,681 shares during the last quarter. Finally, Norges Bank acquired a new position in Yum! Brands in the fourth quarter worth approximately $292,344,000. 74.93% of the stock is currently owned by institutional investors.
Shares of YUM opened at $103.59 on Wednesday. Yum! Brands has a twelve month low of $77.09 and a twelve month high of $104.44. The firm has a market capitalization of $31.84 billion, a PE ratio of 32.68, a PEG ratio of 2.14 and a beta of 0.55.
Yum! Brands Company Profile
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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