Wall Street analysts expect Yum! Brands, Inc. (NYSE:YUM) to post sales of $1.61 billion for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Yum! Brands’ earnings, with the lowest sales estimate coming in at $1.51 billion and the highest estimate coming in at $1.67 billion. Yum! Brands reported sales of $2.02 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 20.3%. The firm is scheduled to issue its next earnings report before the market opens on Thursday, February 8th.
According to Zacks, analysts expect that Yum! Brands will report full-year sales of $1.61 billion for the current year, with estimates ranging from $5.81 billion to $5.97 billion. For the next year, analysts forecast that the business will post sales of $4.78 billion per share, with estimates ranging from $4.45 billion to $5.19 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that cover Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, November 2nd. The restaurant operator reported $0.68 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The company had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period last year, the firm earned $1.09 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis.
YUM has been the topic of a number of recent analyst reports. Jefferies Group lifted their price objective on shares of Yum! Brands from $66.00 to $75.00 and gave the company a “hold” rating in a research note on Friday, November 3rd. BMO Capital Markets lifted their price objective on shares of Yum! Brands from $77.00 to $80.00 and gave the company a “market perform” rating in a research note on Friday, November 3rd. Oppenheimer reissued a “buy” rating and issued a $85.00 price objective on shares of Yum! Brands in a research note on Monday, October 30th. Barclays reissued an “equal weight” rating and issued a $84.00 price objective (up from $79.00) on shares of Yum! Brands in a research note on Tuesday, January 16th. Finally, Cowen reissued a “buy” rating and issued a $91.00 price objective on shares of Yum! Brands in a research note on Friday, November 3rd. Eleven investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $81.59.
Yum! Brands (YUM) opened at $83.81 on Friday. The company has a market cap of $28,240.00, a P/E ratio of 49.01, a PEG ratio of 2.01 and a beta of 0.91. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of -1.55. Yum! Brands has a fifty-two week low of $62.36 and a fifty-two week high of $84.34.
Yum! Brands announced that its Board of Directors has authorized a share repurchase plan on Friday, November 17th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the sale, the chief financial officer now owns 39,396 shares in the company, valued at $3,173,741.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Brian R. Niccol sold 3,588 shares of the firm’s stock in a transaction that occurred on Friday, November 3rd. The shares were sold at an average price of $79.90, for a total transaction of $286,681.20. Following the completion of the sale, the chief executive officer now owns 15,075 shares in the company, valued at approximately $1,204,492.50. The disclosure for this sale can be found here. Insiders sold 9,937 shares of company stock worth $802,843 in the last 90 days. Company insiders own 7.38% of the company’s stock.
Institutional investors have recently modified their holdings of the business. Valeo Financial Advisors LLC acquired a new stake in Yum! Brands in the third quarter valued at approximately $117,000. Americafirst Capital Management LLC lifted its holdings in shares of Yum! Brands by 107.6% during the third quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock worth $176,000 after purchasing an additional 1,240 shares during the period. Sun Life Financial INC lifted its holdings in shares of Yum! Brands by 19,991.7% during the second quarter. Sun Life Financial INC now owns 2,411 shares of the restaurant operator’s stock worth $178,000 after purchasing an additional 2,399 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in shares of Yum! Brands during the third quarter worth $190,000. Finally, Smithfield Trust Co. lifted its holdings in shares of Yum! Brands by 400.0% during the third quarter. Smithfield Trust Co. now owns 2,725 shares of the restaurant operator’s stock worth $201,000 after purchasing an additional 2,180 shares during the period. Hedge funds and other institutional investors own 73.68% of the company’s stock.
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Yum! Brands Company Profile
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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