Wendy’s (WEN) Set to Announce Earnings on Thursday

Wendy’s (NASDAQ:WEN) is scheduled to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Wendy’s to post earnings of $0.22 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS.Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.21 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.02). Wendy’s had a net margin of 9.37% and a return on equity of 56.24%. The firm had revenue of $540.65 million for the quarter, compared to analysts’ expectations of $546.47 million. During the same period last year, the company posted $0.22 earnings per share. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts expect Wendy’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Wendy’s Stock Performance

Shares of WEN stock opened at $19.99 on Wednesday. Wendy’s has a one year low of $17.64 and a one year high of $23.90. The company’s 50-day moving average is $18.65 and its 200 day moving average is $19.02. The company has a market capitalization of $4.11 billion, a price-to-earnings ratio of 20.40, a price-to-earnings-growth ratio of 2.03 and a beta of 0.82. The company has a debt-to-equity ratio of 10.66, a quick ratio of 2.18 and a current ratio of 2.19.

Wendy’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.00%. The ex-dividend date was Thursday, February 29th. Wendy’s’s payout ratio is presently 102.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. BMO Capital Markets dropped their price objective on shares of Wendy’s from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, February 16th. Barclays downgraded shares of Wendy’s from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $23.00 to $21.00 in a report on Wednesday, January 3rd. TD Cowen reissued a “hold” rating and issued a $19.00 price objective on shares of Wendy’s in a report on Wednesday, April 10th. Stephens assumed coverage on shares of Wendy’s in a report on Friday, April 12th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Finally, Gordon Haskett downgraded shares of Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a report on Tuesday, January 16th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $22.53.

Insider Activity at Wendy’s

In related news, Director Kenneth W. Gilbert sold 4,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $18.07, for a total value of $81,315.00. Following the completion of the transaction, the director now directly owns 31,304 shares of the company’s stock, valued at $565,663.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 17.10% of the stock is currently owned by insiders.

About Wendy’s

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.