Wall Street brokerages forecast that Wendys Co (NASDAQ:WEN) will announce $441.00 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Wendys’ earnings, with the lowest sales estimate coming in at $439.50 million and the highest estimate coming in at $442.50 million. Wendys posted sales of $411.00 million during the same quarter last year, which suggests a positive year over year growth rate of 7.3%. The firm is expected to report its next earnings results before the market opens on Wednesday, August 7th.
On average, analysts expect that Wendys will report full-year sales of $1.71 billion for the current financial year, with estimates ranging from $1.70 billion to $1.71 billion. For the next financial year, analysts expect that the business will report sales of $1.79 billion, with estimates ranging from $1.78 billion to $1.81 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Wendys.
Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. The firm had revenue of $408.60 million during the quarter, compared to analyst estimates of $398.58 million. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The company’s revenue was up 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.11 EPS.
In other news, COO Robert D. Wright sold 126,629 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.74, for a total transaction of $2,373,027.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Robert D. Wright sold 454,793 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $18.60, for a total value of $8,459,149.80. Following the transaction, the chief operating officer now owns 237,425 shares of the company’s stock, valued at $4,416,105. The disclosure for this sale can be found here. In the last quarter, insiders sold 690,532 shares of company stock valued at $12,859,441. 20.90% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in WEN. Advisor Group Inc. lifted its stake in shares of Wendys by 7.3% in the 4th quarter. Advisor Group Inc. now owns 11,660 shares of the restaurant operator’s stock valued at $182,000 after purchasing an additional 797 shares during the last quarter. Northern Trust Corp increased its holdings in Wendys by 1.7% in the 4th quarter. Northern Trust Corp now owns 1,534,960 shares of the restaurant operator’s stock worth $23,960,000 after buying an additional 25,602 shares in the last quarter. California State Teachers Retirement System increased its holdings in Wendys by 2.0% in the 4th quarter. California State Teachers Retirement System now owns 303,607 shares of the restaurant operator’s stock worth $4,739,000 after buying an additional 6,039 shares in the last quarter. Geode Capital Management LLC boosted its position in Wendys by 6.3% in the fourth quarter. Geode Capital Management LLC now owns 1,917,851 shares of the restaurant operator’s stock worth $29,937,000 after purchasing an additional 113,514 shares during the last quarter. Finally, Bank of America Corp DE boosted its position in Wendys by 10.1% in the fourth quarter. Bank of America Corp DE now owns 545,995 shares of the restaurant operator’s stock worth $8,522,000 after purchasing an additional 50,256 shares during the last quarter. 76.45% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ WEN traded down $0.03 during trading on Friday, hitting $18.09. 1,725,891 shares of the company’s stock traded hands, compared to its average volume of 3,096,208. The stock has a market capitalization of $4.26 billion, a PE ratio of 30.66, a price-to-earnings-growth ratio of 2.04 and a beta of 0.74. Wendys has a 12-month low of $14.96 and a 12-month high of $20.14. The company has a quick ratio of 2.04, a current ratio of 2.05 and a debt-to-equity ratio of 5.80. The business’s 50 day simple moving average is $19.27.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.21%. Wendys’s dividend payout ratio (DPR) is 67.80%.
Wendys Company Profile
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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