$0.12 EPS Expected for Wendys Co (WEN) This Quarter

Wall Street analysts forecast that Wendys Co (NASDAQ:WEN) will report $0.12 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Wendys’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.13. Wendys reported earnings per share of $0.11 in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The business is scheduled to issue its next quarterly earnings results on Tuesday, May 14th.

According to Zacks, analysts expect that Wendys will report full year earnings of $0.61 per share for the current financial year, with EPS estimates ranging from $0.59 to $0.62. For the next fiscal year, analysts expect that the company will report earnings of $0.75 per share, with EPS estimates ranging from $0.68 to $0.79. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Wendys.

Wendys (NASDAQ:WEN) last released its earnings results on Thursday, February 21st. The restaurant operator reported $0.16 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.01. The company had revenue of $397.82 million during the quarter, compared to analysts’ expectations of $399.89 million. Wendys had a net margin of 28.94% and a return on equity of 24.68%. The business’s revenue was up 28.6% on a year-over-year basis. During the same quarter last year, the business earned $0.09 EPS.

A number of equities research analysts have weighed in on WEN shares. BidaskClub raised Wendys from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Wedbush reissued a “hold” rating and set a $17.50 target price on shares of Wendys in a research note on Monday, February 11th. Mizuho cut Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a report on Wednesday, March 20th. Stifel Nicolaus downgraded Wendys from a “buy” rating to a “hold” rating in a research note on Monday, January 7th. Finally, Oppenheimer upgraded Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 price target on the stock in a research note on Wednesday, January 9th. Nine equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $19.73.

In related news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $17.11, for a total value of $51,330,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Abigail E. Pringle sold 8,897 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $17.35, for a total transaction of $154,362.95. Following the completion of the sale, the insider now owns 100,917 shares in the company, valued at $1,750,909.95. The disclosure for this sale can be found here. 23.10% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of WEN. Enlightenment Research LLC acquired a new position in Wendys during the fourth quarter worth about $28,000. Oregon Public Employees Retirement Fund grew its position in shares of Wendys by 1,553.1% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,163,242 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 1,092,875 shares during the last quarter. Clarfeld Financial Advisors LLC acquired a new stake in shares of Wendys in the fourth quarter valued at approximately $94,000. OLD Mission Capital LLC acquired a new stake in shares of Wendys in the fourth quarter valued at approximately $164,000. Finally, Advisor Group Inc. increased its stake in shares of Wendys by 7.3% during the 4th quarter. Advisor Group Inc. now owns 11,660 shares of the restaurant operator’s stock worth $182,000 after purchasing an additional 797 shares in the last quarter. Hedge funds and other institutional investors own 76.25% of the company’s stock.

NASDAQ WEN traded down $0.22 during trading hours on Monday, hitting $18.03. 2,808,118 shares of the stock were exchanged, compared to its average volume of 3,786,995. The stock has a market capitalization of $4.32 billion, a P/E ratio of 30.56, a P/E/G ratio of 2.22 and a beta of 0.78. Wendys has a 12-month low of $14.96 and a 12-month high of $18.68. The company has a quick ratio of 2.33, a current ratio of 2.34 and a debt-to-equity ratio of 4.25.

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Wendys’s previous quarterly dividend of $0.09. The ex-dividend date of this dividend was Thursday, February 28th. Wendys’s dividend payout ratio (DPR) is presently 67.80%.

About Wendys

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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