-$0.05 Earnings Per Share Expected for Noodles & Co (NDLS) This Quarter

Equities analysts predict that Noodles & Co (NASDAQ:NDLS) will announce earnings per share of ($0.05) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noodles & Co’s earnings, with the highest EPS estimate coming in at ($0.04) and the lowest estimate coming in at ($0.05). Noodles & Co posted earnings per share of ($0.04) in the same quarter last year, which indicates a negative year-over-year growth rate of 25%. The business is expected to announce its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Noodles & Co will report full year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.08 to $0.15. For the next financial year, analysts anticipate that the company will post earnings of $0.23 per share, with EPS estimates ranging from $0.22 to $0.24. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, March 14th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.01). The firm had revenue of $113.20 million for the quarter, compared to analyst estimates of $113.76 million. Noodles & Co had a negative net margin of 1.84% and a positive return on equity of 2.44%. Noodles & Co’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business posted $0.01 EPS.

A number of analysts have weighed in on the company. BidaskClub cut Noodles & Co from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Zacks Investment Research raised Noodles & Co from a “hold” rating to a “buy” rating and set a $8.50 price target for the company in a research report on Thursday, March 7th. Jefferies Financial Group raised Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 price target for the company in a research report on Friday, February 22nd. Finally, SunTrust Banks reduced their price target on Noodles & Co to $13.00 and set a “buy” rating for the company in a research report on Monday, March 18th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $10.50.

Shares of NASDAQ:NDLS traded up $0.09 on Friday, reaching $6.85. The company had a trading volume of 254,053 shares, compared to its average volume of 493,014. Noodles & Co has a twelve month low of $5.85 and a twelve month high of $13.50. The stock has a market capitalization of $293.45 million, a P/E ratio of 342.50, a P/E/G ratio of 6.47 and a beta of 0.04. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.41.

Several large investors have recently made changes to their positions in NDLS. SG Capital Management LLC lifted its position in shares of Noodles & Co by 224.3% in the fourth quarter. SG Capital Management LLC now owns 1,030,686 shares of the restaurant operator’s stock worth $7,204,000 after buying an additional 712,827 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Noodles & Co in the third quarter worth about $8,586,000. Vanguard Group Inc increased its stake in shares of Noodles & Co by 65.4% in the third quarter. Vanguard Group Inc now owns 1,265,393 shares of the restaurant operator’s stock worth $15,311,000 after purchasing an additional 500,531 shares during the period. Vanguard Group Inc. increased its stake in shares of Noodles & Co by 65.4% in the third quarter. Vanguard Group Inc. now owns 1,265,393 shares of the restaurant operator’s stock worth $15,311,000 after purchasing an additional 500,531 shares during the period. Finally, Emerald Advisers LLC increased its stake in shares of Noodles & Co by 38.8% in the fourth quarter. Emerald Advisers LLC now owns 1,021,784 shares of the restaurant operator’s stock worth $7,142,000 after purchasing an additional 285,614 shares during the period. 68.14% of the stock is owned by institutional investors.

Noodles & Co Company Profile

Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.

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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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