Wendy’s (NASDAQ:WEN) Releases FY22 Earnings Guidance

Wendy’s (NASDAQ:WENGet Rating) issued an update on its FY22 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.82-0.86 for the period, compared to the consensus estimate of $0.83.

WEN stock traded up $0.73 during mid-day trading on Thursday, reaching $18.59. 5,921,800 shares of the stock traded hands, compared to its average volume of 2,726,619. The company has a debt-to-equity ratio of 7.48, a quick ratio of 2.63 and a current ratio of 2.65. Wendy’s has a one year low of $15.77 and a one year high of $29.46. The stock has a market capitalization of $3.98 billion, a PE ratio of 21.13, a PEG ratio of 1.58 and a beta of 0.95. The business has a 50-day moving average price of $19.91 and a two-hundred day moving average price of $21.58.

Wendy’s (NASDAQ:WENGet Rating) last posted its quarterly earnings data on Wednesday, May 11th. The restaurant operator reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Wendy’s had a net margin of 10.20% and a return on equity of 34.82%. During the same quarter in the prior year, the firm posted $0.20 EPS. On average, equities analysts expect that Wendy’s will post 0.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 1st will be given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Tuesday, May 31st. Wendy’s’s dividend payout ratio (DPR) is 56.82%.

A number of research analysts have weighed in on WEN shares. TheStreet cut shares of Wendy’s from a b- rating to a c+ rating in a research report on Friday, May 13th. StockNews.com began coverage on shares of Wendy’s in a report on Thursday, March 31st. They issued a hold rating on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Wendy’s from $26.00 to $20.00 in a report on Thursday, May 12th. Citigroup cut their price target on shares of Wendy’s from $23.00 to $18.50 in a report on Thursday, May 12th. Finally, Barclays cut their price target on shares of Wendy’s from $28.00 to $25.00 in a report on Thursday, May 12th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Buy and a consensus price target of $26.08.

A number of hedge funds and other institutional investors have recently bought and sold shares of WEN. BNP Paribas Arbitrage SA boosted its holdings in shares of Wendy’s by 3.6% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,237 shares of the restaurant operator’s stock valued at $395,000 after buying an additional 641 shares in the last quarter. Legal & General Group Plc boosted its holdings in shares of Wendy’s by 0.5% in the 4th quarter. Legal & General Group Plc now owns 300,952 shares of the restaurant operator’s stock valued at $7,178,000 after buying an additional 1,443 shares in the last quarter. Covestor Ltd boosted its holdings in shares of Wendy’s by 85.1% in the 1st quarter. Covestor Ltd now owns 3,498 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 1,608 shares in the last quarter. LPL Financial LLC boosted its holdings in shares of Wendy’s by 3.9% in the 4th quarter. LPL Financial LLC now owns 50,917 shares of the restaurant operator’s stock valued at $1,214,000 after buying an additional 1,897 shares in the last quarter. Finally, First Republic Investment Management Inc. boosted its holdings in shares of Wendy’s by 16.9% in the 1st quarter. First Republic Investment Management Inc. now owns 15,039 shares of the restaurant operator’s stock valued at $330,000 after buying an additional 2,176 shares in the last quarter. 69.97% of the stock is currently owned by institutional investors and hedge funds.

About Wendy’s (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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