$0.18 EPS Expected for The Wendy’s Company (NASDAQ:WEN) This Quarter

Brokerages predict that The Wendy’s Company (NASDAQ:WENGet Rating) will announce earnings of $0.18 per share for the current quarter, Zacks reports. Nine analysts have issued estimates for Wendy’s’ earnings. The lowest EPS estimate is $0.15 and the highest is $0.20. Wendy’s posted earnings per share of $0.20 in the same quarter last year, which would indicate a negative year-over-year growth rate of 10%. The company is scheduled to report its next quarterly earnings results before the market opens on Monday, January 1st.

On average, analysts expect that Wendy’s will report full-year earnings of $0.87 per share for the current year, with EPS estimates ranging from $0.82 to $0.91. For the next fiscal year, analysts forecast that the business will report earnings of $1.07 per share, with EPS estimates ranging from $0.94 to $1.16. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Wendy’s.

Wendy’s (NASDAQ:WENGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The restaurant operator reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.01. Wendy’s had a return on equity of 35.44% and a net margin of 10.56%. The company had revenue of $473.20 million for the quarter, compared to analyst estimates of $459.89 million. During the same quarter in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year.

A number of research analysts have weighed in on the company. Wedbush reissued an “outperform” rating on shares of Wendy’s in a research note on Wednesday, March 2nd. Tigress Financial increased their target price on Wendy’s from $27.00 to $29.00 and gave the stock a “buy” rating in a research report on Wednesday, March 23rd. StockNews.com initiated coverage on Wendy’s in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Citigroup initiated coverage on Wendy’s in a research report on Tuesday. They issued a “neutral” rating and a $23.00 target price on the stock. Finally, Morgan Stanley cut their target price on Wendy’s from $26.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, Wendy’s has an average rating of “Buy” and an average price target of $27.56.

Shares of Wendy’s stock opened at $20.89 on Friday. Wendy’s has a fifty-two week low of $20.36 and a fifty-two week high of $29.46. The firm has a market cap of $4.50 billion, a PE ratio of 23.47, a P/E/G ratio of 1.97 and a beta of 0.93. The business’s fifty day moving average is $21.96 and its two-hundred day moving average is $22.29. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 6.68.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 15th. Stockholders of record on Monday, March 7th were paid a dividend of $0.125 per share. The ex-dividend date was Friday, March 4th. This is an increase from Wendy’s’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a dividend yield of 2.39%. Wendy’s’s dividend payout ratio (DPR) is currently 56.18%.

Institutional investors have recently made changes to their positions in the company. Capital Investment Advisors LLC grew its stake in Wendy’s by 11.3% in the first quarter. Capital Investment Advisors LLC now owns 11,408 shares of the restaurant operator’s stock worth $251,000 after purchasing an additional 1,159 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. acquired a new position in Wendy’s in the fourth quarter worth about $72,000. Norges Bank acquired a new position in Wendy’s in the fourth quarter worth about $31,793,000. Kingsview Wealth Management LLC acquired a new position in Wendy’s in the fourth quarter worth about $915,000. Finally, Parametric Portfolio Associates LLC grew its stake in Wendy’s by 3.0% in the fourth quarter. Parametric Portfolio Associates LLC now owns 361,969 shares of the restaurant operator’s stock worth $8,633,000 after purchasing an additional 10,711 shares in the last quarter. Institutional investors own 70.20% of the company’s stock.

Wendy’s Company Profile (Get Rating)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

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Earnings History and Estimates for Wendy's (NASDAQ:WEN)

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