Equities research analysts expect Yum! Brands, Inc. (NYSE:YUM) to report earnings of $0.68 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Yum! Brands’ earnings, with the lowest EPS estimate coming in at $0.63 and the highest estimate coming in at $0.78. Yum! Brands posted earnings per share of $0.65 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is scheduled to announce its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Yum! Brands will report full year earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.20 to $3.40. For the next year, analysts forecast that the firm will post earnings of $3.85 per share, with EPS estimates ranging from $3.72 to $4.05. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Yum! Brands.
Yum! Brands (NYSE:YUM) last released its quarterly earnings data on Thursday, February 8th. The restaurant operator reported $0.96 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.80 by $0.16. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.59 billion. Yum! Brands had a net margin of 22.80% and a negative return on equity of 17.27%. The company’s revenue for the quarter was down 16.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.79 EPS.
Several equities research analysts have recently issued reports on YUM shares. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $94.00 price objective for the company in a research report on Sunday, January 21st. Barclays reiterated an “equal weight” rating and set a $84.00 price target (up from $79.00) on shares of Yum! Brands in a research note on Tuesday, January 16th. Royal Bank of Canada reiterated an “outperform” rating and set a $89.00 price target (down from $92.00) on shares of Yum! Brands in a research note on Friday, February 2nd. Wells Fargo & Co cut their price target on shares of Yum! Brands from $85.00 to $82.00 and set a “market perform” rating on the stock in a research note on Friday, February 9th. Finally, Cowen reiterated a “buy” rating and set a $92.00 price target on shares of Yum! Brands in a research note on Thursday. Fourteen investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $82.30.
In other Yum! Brands news, CEO Brian R. Niccol sold 1,104 shares of Yum! Brands stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $82.37, for a total value of $90,936.48. Following the transaction, the chief executive officer now directly owns 5,509 shares in the company, valued at $453,776.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 2,294 shares of Yum! Brands stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $84.90, for a total transaction of $194,760.60. Following the completion of the transaction, the chief executive officer now owns 10,160 shares in the company, valued at $862,584. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,343 shares of company stock worth $361,203. 7.38% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of YUM. Bank of New York Mellon Corp increased its stake in shares of Yum! Brands by 18.2% during the third quarter. Bank of New York Mellon Corp now owns 7,910,196 shares of the restaurant operator’s stock worth $582,270,000 after acquiring an additional 1,220,537 shares during the period. Renaissance Technologies LLC acquired a new position in shares of Yum! Brands during the fourth quarter worth about $58,931,000. Magellan Asset Management Ltd increased its stake in shares of Yum! Brands by 4.1% during the fourth quarter. Magellan Asset Management Ltd now owns 16,076,881 shares of the restaurant operator’s stock worth $1,312,034,000 after acquiring an additional 632,560 shares during the period. Alkeon Capital Management LLC acquired a new position in shares of Yum! Brands during the third quarter worth about $45,086,000. Finally, American Century Companies Inc. acquired a new position in shares of Yum! Brands during the fourth quarter worth about $33,729,000. Institutional investors own 75.60% of the company’s stock.
Yum! Brands (NYSE YUM) traded up $0.62 during trading on Friday, hitting $83.50. 2,267,148 shares of the stock traded hands, compared to its average volume of 2,196,148. The stock has a market cap of $27,670.00, a PE ratio of 16.53, a P/E/G ratio of 1.97 and a beta of 0.95. Yum! Brands has a 1-year low of $62.85 and a 1-year high of $86.93. The company has a current ratio of 1.66, a quick ratio of 1.65 and a debt-to-equity ratio of -1.49.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Wednesday, February 14th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 1.72%. Yum! Brands’s payout ratio is currently 28.57%.
Yum! Brands declared that its board has approved a share repurchase plan on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.
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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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