Analysts expect that Noodles & Co (NASDAQ:NDLS) will announce $0.05 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noodles & Co’s earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.04. Noodles & Co reported earnings of $0.01 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 400%. The firm is expected to announce its next earnings report on Wednesday, July 17th.
According to Zacks, analysts expect that Noodles & Co will report full-year earnings of $0.16 per share for the current year, with EPS estimates ranging from $0.15 to $0.18. For the next financial year, analysts anticipate that the business will report earnings of $0.27 per share, with EPS estimates ranging from $0.25 to $0.28. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings results on Thursday, May 9th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Noodles & Co had a negative net margin of 1.47% and a positive return on equity of 3.70%. The business had revenue of $110.05 million for the quarter, compared to analyst estimates of $108.93 million.
A number of research analysts have recently issued reports on NDLS shares. Zacks Investment Research lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. BidaskClub upgraded shares of Acceleron Pharma from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine upgraded shares of YPF from a “sell” rating to a “hold” rating in a research report on Monday, June 24th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $10.63.
Shares of Noodles & Co stock traded down $0.01 on Friday, reaching $7.75. 7,266 shares of the stock were exchanged, compared to its average volume of 514,812. Noodles & Co has a 1-year low of $5.85 and a 1-year high of $13.50. The company has a debt-to-equity ratio of 6.24, a current ratio of 0.35 and a quick ratio of 0.15. The stock’s fifty day simple moving average is $7.51. The firm has a market capitalization of $341.03 million, a price-to-earnings ratio of 386.50, a PEG ratio of 5.43 and a beta of 0.11.
A number of institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Noodles & Co by 15.7% during the fourth quarter. BlackRock Inc. now owns 1,323,746 shares of the restaurant operator’s stock valued at $9,254,000 after buying an additional 179,935 shares during the period. Tenzing Global Management LLC lifted its stake in shares of Noodles & Co by 5.0% during the fourth quarter. Tenzing Global Management LLC now owns 1,050,000 shares of the restaurant operator’s stock valued at $7,340,000 after buying an additional 50,000 shares during the period. Emerald Advisers LLC lifted its stake in shares of Noodles & Co by 1.8% during the first quarter. Emerald Advisers LLC now owns 1,040,030 shares of the restaurant operator’s stock valued at $7,072,000 after buying an additional 18,246 shares during the period. Eidelman Virant Capital lifted its stake in shares of Noodles & Co by 5.8% during the first quarter. Eidelman Virant Capital now owns 1,026,291 shares of the restaurant operator’s stock valued at $6,978,000 after buying an additional 56,500 shares during the period. Finally, Emerald Mutual Fund Advisers Trust lifted its stake in shares of Noodles & Co by 1.3% during the first quarter. Emerald Mutual Fund Advisers Trust now owns 942,759 shares of the restaurant operator’s stock valued at $6,411,000 after buying an additional 12,000 shares during the period. Institutional investors own 69.77% of the company’s stock.
About Noodles & Co
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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