Analysts Expect The Wendy’s Company (DRI) to Announce $1.73 Earnings Per Share

The Wendy’s Company (NASDAQ:DRI) has been given an average broker rating score of 1.82 (Buy) from the twenty two analysts that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell recommendation, seven have given a hold recommendation and fourteen have given a strong buy recommendation to the company. The Wendy’s’ rating score has improved by 0.5% in the last 90 days as a result of various analysts’ ratings changes.

Brokers have set a twelve-month consensus target price of $125.16 for the company and are forecasting that the company will post $1.73 earnings per share for the current quarter, according to Zacks. Zacks has also given The Wendy’s an industry rank of 164 out of 256 based on the ratings given to its competitors.

A number of research firms have commented on DRI. BidaskClub downgraded shares of The Wendy’s from a “hold” rating to a “sell” rating in a research report on Saturday. UBS Group began coverage on shares of The Wendy’s in a research report on Friday, April 26th. They set a “buy” rating on the stock.

Shares of DRI stock traded down $0.13 during midday trading on Friday, reaching $117.68. 929,554 shares of the company were exchanged, compared to its average volume of 1,252,256. The Wendy’s has a 12 month low of $84.37 and a 12 month high of $124.00.

The Wendy’s (NASDAQ:DRI) last released its quarterly earnings results on Thursday, March 21st. The company reported $1.80 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.05. The company had revenue of $2.25 billion for the quarter, compared to the consensus estimate of $2.24 billion.

The Wendy’s Company Profile

Darden Restaurants, Inc, through its subsidiaries, owns and operates full-service restaurants in the United States and Canada. As of May 27, 2018, it owned and operated approximately 1,746 restaurants under the Olive Garden, LongHorn Steakhouse, Cheddar's Scratch Kitchen, Yard House, The Capital Grille, Bahama Breeze, Seasons 52, and Eddie V's brands.

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