Yum! Brands, Inc. (NYSE:YUM) Expected to Post Quarterly Sales of $1.66 Billion

Brokerages expect that Yum! Brands, Inc. (NYSE:YUMGet Rating) will post $1.66 billion in sales for the current quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Yum! Brands’ earnings. The highest sales estimate is $1.70 billion and the lowest is $1.62 billion. Yum! Brands posted sales of $1.60 billion during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to issue its next earnings results on Monday, January 1st.

According to Zacks, analysts expect that Yum! Brands will report full-year sales of $6.90 billion for the current fiscal year, with estimates ranging from $6.81 billion to $7.04 billion. For the next year, analysts anticipate that the firm will report sales of $7.48 billion, with estimates ranging from $7.24 billion to $7.70 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Yum! Brands.

Yum! Brands (NYSE:YUMGet Rating) last posted its quarterly earnings data on Wednesday, May 4th. The restaurant operator reported $1.05 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.02). Yum! Brands had a negative return on equity of 16.34% and a net margin of 24.80%. The company had revenue of $1.55 billion for the quarter, compared to analyst estimates of $1.59 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. The business’s revenue was up 4.1% on a year-over-year basis.

Several analysts have recently issued reports on YUM shares. Credit Suisse Group reduced their price target on shares of Yum! Brands from $137.00 to $130.00 in a research report on Thursday. Cowen upgraded shares of Yum! Brands from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $134.00 to $143.00 in a research report on Thursday, February 17th. Citigroup lowered their price objective on shares of Yum! Brands from $156.00 to $148.00 in a research report on Thursday. BMO Capital Markets lowered their price objective on shares of Yum! Brands from $140.00 to $130.00 in a research report on Thursday. 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, April 14th. Eight analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Yum! Brands has an average rating of “Buy” and a consensus target price of $139.31.

Shares of YUM opened at $115.39 on Monday. Yum! Brands has a 12-month low of $111.63 and a 12-month high of $139.85. The firm has a 50-day moving average price of $119.07 and a 200 day moving average price of $124.70. The firm has a market capitalization of $33.26 billion, a P/E ratio of 20.94, a P/E/G ratio of 2.09 and a beta of 1.04.

Institutional investors and hedge funds have recently bought and sold shares of the business. CVA Family Office LLC purchased a new stake in shares of Yum! Brands during the 4th quarter worth about $27,000. EverSource Wealth Advisors LLC acquired a new stake in shares of Yum! Brands during the 4th quarter valued at approximately $31,000. Cornerstone Advisory LLC acquired a new stake in shares of Yum! Brands during the 4th quarter valued at approximately $31,000. Dixon Hughes Goodman Wealth Advisors LLC bought a new position in Yum! Brands during the 4th quarter worth $34,000. Finally, Massmutual Trust Co. FSB ADV grew its stake in Yum! Brands by 93.7% during the 4th quarter. Massmutual Trust Co. FSB ADV now owns 244 shares of the restaurant operator’s stock worth $34,000 after buying an additional 118 shares during the last quarter. Institutional investors own 79.23% of the company’s stock.

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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Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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