Analysts forecast that Wendys Co (NASDAQ:WEN) will post earnings per share of $0.12 for the current quarter, according to Zacks Investment Research. Five analysts have made estimates for Wendys’ earnings, with estimates ranging from $0.11 to $0.12. Wendys reported earnings of $0.08 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 50%. The firm is expected to report its next earnings report after the market closes on Wednesday, February 21st.
According to Zacks, analysts expect that Wendys will report full year earnings of $0.44 per share for the current financial year, with EPS estimates ranging from $0.43 to $0.45. For the next financial year, analysts forecast that the business will post earnings of $0.60 per share, with EPS estimates ranging from $0.53 to $0.69. Zacks’ earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Wendys.
Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, February 21st. The restaurant operator reported $0.11 EPS for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.01). The company had revenue of $309.20 million for the quarter, compared to analyst estimates of $312.88 million. Wendys had a net margin of 5.20% and a return on equity of 20.35%. Wendys’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.08 EPS.
WEN has been the subject of a number of research reports. BMO Capital Markets reduced their target price on shares of Wendys from $19.00 to $17.00 and set an “outperform” rating for the company in a report on Thursday, November 9th. Morgan Stanley raised their target price on shares of Wendys from $16.00 to $17.00 and gave the stock an “underweight” rating in a report on Thursday, November 9th. SunTrust Banks raised their price objective on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd. TheStreet lowered shares of Wendys from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Wedbush raised shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price objective for the company in a research note on Wednesday, December 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $17.07.
Shares of Wendys (NASDAQ:WEN) traded up $0.12 during trading hours on Wednesday, reaching $16.22. 10,173,772 shares of the company were exchanged, compared to its average volume of 4,063,816. The company has a market capitalization of $3,969.60, a PE ratio of 64.88, a price-to-earnings-growth ratio of 1.82 and a beta of 0.82. Wendys has a 1 year low of $13.03 and a 1 year high of $17.66. The company has a quick ratio of 1.78, a current ratio of 1.80 and a debt-to-equity ratio of 5.83.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.085 per share. The ex-dividend date is Wednesday, February 28th. This represents a $0.34 dividend on an annualized basis and a dividend yield of 2.10%. This is a positive change from Wendys’s previous quarterly dividend of $0.07. Wendys’s dividend payout ratio (DPR) is 112.00%.
Wendys announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 15th that authorizes the company to buyback $175.00 million in shares. This buyback authorization authorizes the restaurant operator to buy shares of its stock through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its stock is undervalued.
Large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Wendys by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,248 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 3,753 shares in the last quarter. Boston Advisors LLC bought a new position in shares of Wendys during the 4th quarter valued at $199,000. First Commonwealth Financial Corp PA bought a new position in Wendys in the 4th quarter worth $205,000. State of Alaska Department of Revenue bought a new position in Wendys in the 4th quarter worth $220,000. Finally, Oppenheimer & Co. Inc. bought a new position in Wendys in the 4th quarter worth $234,000. 77.62% of the stock is owned by institutional investors.
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Wendys Company Profile
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
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