Wendy’s (WEN) Set to Announce Earnings on Thursday

Wendy’s (NASDAQ:WEN) will be announcing its earnings results before the market opens on Thursday, May 2nd. Analysts expect Wendy’s to post earnings of $0.22 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS.Individual interested in registering for the company’s earnings conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last announced its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). Wendy’s had a return on equity of 56.24% and a net margin of 9.37%. The business had revenue of $540.65 million for the quarter, compared to analyst estimates of $546.47 million. During the same quarter in the previous year, the business posted $0.22 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, analysts expect Wendy’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Wendy’s Trading Down 0.7 %

Shares of NASDAQ WEN opened at $19.82 on Thursday. Wendy’s has a one year low of $17.64 and a one year high of $23.90. The firm has a market capitalization of $4.07 billion, a PE ratio of 20.22, a PEG ratio of 1.93 and a beta of 0.82. The company has a current ratio of 2.19, a quick ratio of 2.18 and a debt-to-equity ratio of 10.66. The business has a 50-day moving average price of $18.56 and a two-hundred day moving average price of $18.99.

Wendy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.00 dividend on an annualized basis and a yield of 5.05%. Wendy’s’s payout ratio is presently 102.04%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Stephens assumed coverage on Wendy’s in a research report on Friday, April 12th. They set an “equal weight” rating and a $20.00 price objective for the company. Barclays lowered Wendy’s from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $23.00 to $21.00 in a report on Wednesday, January 3rd. JPMorgan Chase & Co. lowered Wendy’s from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $22.00 to $19.00 in a report on Wednesday, February 21st. Truist Financial reduced their price target on Wendy’s from $23.00 to $22.00 and set a “buy” rating for the company in a report on Tuesday, February 20th. Finally, BMO Capital Markets reduced their price target on Wendy’s from $22.00 to $20.00 and set a “market perform” rating for the company in a report on Friday, February 16th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $22.47.

Insider Activity at Wendy’s

In related news, Director Kenneth W. Gilbert sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $18.07, for a total value of $81,315.00. Following the transaction, the director now directly owns 31,304 shares of the company’s stock, valued at approximately $565,663.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 17.10% of the stock is owned by company insiders.

About Wendy’s

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