Wall Street brokerages predict that Wendys Co (NASDAQ:WEN) will post $407.30 million in sales for the current quarter, Zacks Investment Research reports. Six analysts have issued estimates for Wendys’ earnings. The lowest sales estimate is $401.55 million and the highest is $410.84 million. Wendys reported sales of $308.00 million during the same quarter last year, which indicates a positive year over year growth rate of 32.2%. The business is expected to issue its next quarterly earnings report on Wednesday, November 14th.
On average, analysts expect that Wendys will report full year sales of $1.60 billion for the current year, with estimates ranging from $1.59 billion to $1.60 billion. For the next fiscal year, analysts forecast that the firm will post sales of $1.66 billion per share, with estimates ranging from $1.63 billion to $1.68 billion. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Wendys.
Wendys (NASDAQ:WEN) last issued its quarterly earnings data on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.16 by ($0.02). The company had revenue of $411.00 million for the quarter. Wendys had a net margin of 15.87% and a return on equity of 23.08%. During the same quarter in the prior year, the firm posted $0.15 earnings per share.
A number of research analysts have issued reports on WEN shares. SunTrust Banks reissued a “buy” rating and set a $22.00 price objective on shares of Wendys in a research report on Friday, August 17th. BidaskClub downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Mizuho set a $21.00 price objective on shares of Wendys and gave the company a “buy” rating in a research report on Thursday, August 16th. Morgan Stanley upped their target price on shares of Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research report on Friday, August 17th. Finally, Zacks Investment Research downgraded shares of Wendys from a “buy” rating to a “hold” rating in a research report on Monday, August 6th. One analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $18.74.
Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in Wendys during the 2nd quarter valued at about $112,000. Itau Unibanco Holding S.A. purchased a new stake in Wendys during the 2nd quarter valued at about $152,000. PDS Planning Inc purchased a new stake in Wendys during the 1st quarter valued at about $163,000. United Capital Financial Advisers LLC purchased a new stake in Wendys during the 1st quarter valued at about $184,000. Finally, Wedbush Securities Inc. purchased a new stake in Wendys during the 1st quarter valued at about $189,000. 80.67% of the stock is currently owned by hedge funds and other institutional investors.
Wendys stock traded down $0.04 during mid-day trading on Friday, reaching $17.45. 4,765,700 shares of the company traded hands, compared to its average volume of 3,490,014. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 6.44. The company has a market cap of $4.18 billion, a P/E ratio of 40.90, a PEG ratio of 1.47 and a beta of 0.62. Wendys has a 52-week low of $13.57 and a 52-week high of $18.68.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 18th. Stockholders of record on Tuesday, September 4th will be given a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Friday, August 31st. Wendys’s dividend payout ratio is presently 79.07%.
Wendys Company Profile
The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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