Zacks: Analysts Anticipate Yum! Brands, Inc. (NYSE:YUM) Will Announce Earnings of $1.07 Per Share

Analysts expect Yum! Brands, Inc. (NYSE:YUMGet Rating) to report $1.07 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Yum! Brands’ earnings, with estimates ranging from $1.00 to $1.13. Yum! Brands also posted earnings per share of $1.07 in the same quarter last year. The company is scheduled to report its next quarterly earnings report before the market opens on Monday, January 1st.

According to Zacks, analysts expect that Yum! Brands will report full year earnings of $4.79 per share for the current financial year, with EPS estimates ranging from $4.65 to $4.92. For the next fiscal year, analysts forecast that the business will post earnings of $5.50 per share, with EPS estimates ranging from $5.33 to $5.66. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Yum! Brands.

Yum! Brands (NYSE:YUMGet Rating) last released its earnings results on Wednesday, February 9th. The restaurant operator reported $1.02 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.06). The firm had revenue of $1.89 billion during the quarter, compared to analyst estimates of $1.87 billion. Yum! Brands had a negative return on equity of 16.83% and a net margin of 23.92%. During the same quarter last year, the company earned $1.15 earnings per share.

YUM has been the topic of several recent analyst reports. Bank of America began coverage on shares of Yum! Brands in a research note on Tuesday, January 11th. They set a “neutral” rating on the stock. Cowen raised Yum! Brands from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $134.00 to $143.00 in a research note on Thursday, February 17th. StockNews.com started coverage on Yum! Brands in a report on Thursday, March 31st. They issued a “hold” rating for the company. Citigroup started coverage on Yum! Brands in a report on Tuesday. They issued a “buy” rating and a $156.00 target price for the company. Finally, Morgan Stanley reduced their target price on Yum! Brands from $150.00 to $146.00 and set an “overweight” rating for the company in a report on Thursday. Nine analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. According to data from MarketBeat, Yum! Brands presently has an average rating of “Buy” and an average price target of $138.94.

Several institutional investors and hedge funds have recently modified their holdings of the company. Comerica Bank increased its position in Yum! Brands by 79.0% during the third quarter. Comerica Bank now owns 116,950 shares of the restaurant operator’s stock worth $15,285,000 after acquiring an additional 51,601 shares during the period. EP Wealth Advisors LLC raised its position in Yum! Brands by 64.5% during the third quarter. EP Wealth Advisors LLC now owns 12,382 shares of the restaurant operator’s stock valued at $1,514,000 after purchasing an additional 4,855 shares in the last quarter. Centiva Capital LP increased its holdings in shares of Yum! Brands by 157.6% during the third quarter. Centiva Capital LP now owns 10,206 shares of the restaurant operator’s stock worth $1,248,000 after buying an additional 6,244 shares in the last quarter. US Asset Management LLC acquired a new position in shares of Yum! Brands during the third quarter worth $281,000. Finally, TPI Fund Managers Ltd increased its holdings in shares of Yum! Brands by 0.6% during the third quarter. TPI Fund Managers Ltd now owns 144,249 shares of the restaurant operator’s stock worth $17,643,000 after buying an additional 875 shares in the last quarter. 80.39% of the stock is currently owned by institutional investors.

Shares of NYSE:YUM traded up $1.10 on Friday, reaching $122.97. 1,830,735 shares of the company traded hands, compared to its average volume of 2,038,015. Yum! Brands has a fifty-two week low of $111.63 and a fifty-two week high of $139.85. The company’s 50 day moving average is $120.33 and its 200-day moving average is $125.18. The stock has a market capitalization of $35.44 billion, a PE ratio of 23.56, a P/E/G ratio of 2.17 and a beta of 1.10.

The company also recently declared a quarterly dividend, which was paid on Friday, March 11th. Shareholders of record on Friday, February 18th were given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.85%. Yum! Brands’s dividend payout ratio (DPR) is currently 43.68%.

Yum! Brands Company Profile (Get Rating)

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates through four segments: the KFC Division, the Taco Bell Division, the Pizza Hut Division, and the Habit Burger Grill Division. The company operates restaurants under the KFC, Pizza Hut, Taco Bell, and The Habit Burger Grill brands, which specialize in chicken, pizza, made-to-order chargrilled burgers, sandwiches, Mexican-style food categories, and other food products.

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