Yum! Brands, Inc. (NYSE:YUM) Expected to Announce Quarterly Sales of $1.34 Billion

Brokerages predict that Yum! Brands, Inc. (NYSE:YUM) will report $1.34 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Yum! Brands’ earnings, with estimates ranging from $1.32 billion to $1.36 billion. Yum! Brands reported sales of $1.39 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 3.6%. The company is scheduled to issue its next earnings results on Wednesday, October 30th.

On average, analysts expect that Yum! Brands will report full-year sales of $5.52 billion for the current fiscal year, with estimates ranging from $5.48 billion to $5.60 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.79 billion, with estimates ranging from $5.72 billion to $5.83 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Yum! Brands.

Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 EPS for the quarter, beating the consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. The firm had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the business posted $0.82 EPS. The business’s revenue for the quarter was down 4.2% compared to the same quarter last year.

A number of equities analysts recently issued reports on the company. Evercore ISI assumed coverage on Yum! Brands in a research note on Tuesday, June 11th. They issued an “outperform” rating and a $120.00 target price for the company. Zacks Investment Research lowered Yum! Brands from a “buy” rating to a “hold” rating in a research note on Monday, April 22nd. UBS Group raised their target price on Yum! Brands from $105.00 to $112.00 and gave the stock a “buy” rating in a research note on Wednesday, May 29th. Morgan Stanley raised their target price on Yum! Brands from $106.00 to $112.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Stifel Nicolaus raised their target price on Yum! Brands from $100.00 to $110.00 and gave the stock a “hold” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. Yum! Brands has a consensus rating of “Hold” and an average price target of $107.06.

Shares of YUM traded up $0.41 during midday trading on Friday, hitting $117.35. 1,764,385 shares of the company’s stock traded hands, compared to its average volume of 1,079,920. Yum! Brands has a 1 year low of $80.67 and a 1 year high of $119.72. The company’s fifty day moving average is $111.39. The firm has a market cap of $34.43 billion, a PE ratio of 37.02, a price-to-earnings-growth ratio of 2.40 and a beta of 0.53.

In other Yum! Brands news, CFO David W. Gibbs sold 1,531 shares of the stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $100.25, for a total transaction of $153,482.75. Following the sale, the chief financial officer now directly owns 43,516 shares of the company’s stock, valued at approximately $4,362,479. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Greg Creed sold 44,949 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $105.82, for a total value of $4,756,503.18. Following the sale, the chief executive officer now directly owns 158,745 shares in the company, valued at $16,798,395.90. The disclosure for this sale can be found here. Insiders have sold a total of 58,458 shares of company stock worth $6,203,386 over the last ninety days. 0.67% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Howe & Rusling Inc. purchased a new position in Yum! Brands in the 1st quarter valued at about $25,000. Bogart Wealth LLC lifted its stake in Yum! Brands by 70.0% in the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after buying an additional 140 shares in the last quarter. Liberty Wealth Management LLC lifted its stake in Yum! Brands by 302.1% in the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after buying an additional 290 shares in the last quarter. Motco lifted its stake in Yum! Brands by 74.6% in the 1st quarter. Motco now owns 468 shares of the restaurant operator’s stock valued at $47,000 after buying an additional 200 shares in the last quarter. Finally, Advisory Alpha LLC purchased a new position in Yum! Brands in the 1st quarter valued at about $50,000. 74.83% of the stock is currently owned by institutional investors.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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