Analysts expect that Wendys Co (NASDAQ:WEN) will report earnings per share (EPS) of $0.15 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Wendys’ earnings. The lowest EPS estimate is $0.14 and the highest is $0.16. Wendys posted earnings of $0.17 per share in the same quarter last year, which would suggest a negative year over year growth rate of 11.8%. The firm is expected to issue its next quarterly earnings results before the market opens on Wednesday, November 6th.
According to Zacks, analysts expect that Wendys will report full-year earnings of $0.57 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.62. For the next financial year, analysts expect that the company will post earnings of $0.64 per share, with EPS estimates ranging from $0.59 to $0.73. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Wendys.
Wendys (NASDAQ:WEN) last issued its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.17 by $0.01. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The business had revenue of $435.30 million during the quarter, compared to analyst estimates of $439.64 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year.
A number of analysts have commented on the company. Longbow Research set a $25.00 price objective on Wendys and gave the stock a “buy” rating in a report on Friday, September 13th. KeyCorp reissued a “hold” rating on shares of Wendys in a report on Tuesday, October 15th. Wells Fargo & Co boosted their price objective on Wendys from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Tuesday, September 10th. Stephens set a $24.00 price objective on Wendys and gave the stock a “buy” rating in a report on Friday, October 11th. Finally, Zacks Investment Research lowered Wendys from a “hold” rating to a “sell” rating and set a $22.00 price objective for the company. in a report on Monday. Two analysts have rated the stock with a sell rating, fourteen have issued a hold rating and nine have issued a buy rating to the stock. Wendys presently has an average rating of “Hold” and a consensus target price of $21.55.
In other news, Director Matthew H. Peltz sold 2,000,000 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $19.97, for a total value of $39,940,000.00. Following the completion of the transaction, the director now directly owns 5,444,270 shares of the company’s stock, valued at $108,722,071.90. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider E.J. Wunsch sold 3,694 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $20.51, for a total value of $75,763.94. Following the completion of the transaction, the insider now directly owns 52,449 shares of the company’s stock, valued at $1,075,728.99. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,478,694 shares of company stock valued at $49,468,264. 20.90% of the stock is currently owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in WEN. Coastal Capital Group Inc. purchased a new position in Wendys in the second quarter valued at approximately $30,000. Coastal Investment Advisors Inc. lifted its stake in Wendys by 116.6% in the second quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 978 shares during the last quarter. Advisory Services Network LLC lifted its stake in Wendys by 65.2% in the second quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock valued at $43,000 after purchasing an additional 849 shares during the last quarter. Carroll Financial Associates Inc. lifted its stake in Wendys by 226.6% in the second quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 2,658 shares during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Wendys in the second quarter valued at approximately $99,000. 76.42% of the stock is owned by institutional investors.
WEN traded down $0.35 during midday trading on Wednesday, reaching $20.98. 189,493 shares of the company were exchanged, compared to its average volume of 3,926,809. The company has a debt-to-equity ratio of 5.67, a quick ratio of 1.96 and a current ratio of 1.97. The company’s fifty day moving average price is $20.71 and its 200 day moving average price is $19.66. The company has a market cap of $4.92 billion, a price-to-earnings ratio of 35.64, a price-to-earnings-growth ratio of 3.07 and a beta of 0.65. Wendys has a one year low of $14.96 and a one year high of $22.84.
The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 2nd will be issued a $0.12 dividend. The ex-dividend date of this dividend is Friday, November 29th. This is a positive change from Wendys’s previous quarterly dividend of $0.10. This represents a $0.48 annualized dividend and a dividend yield of 2.29%. Wendys’s dividend payout ratio is currently 67.80%.
Wendys Company Profile
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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