Brokerages Anticipate Yum! Brands, Inc. (NYSE:YUM) Will Announce Quarterly Sales of $1.35 Billion

Equities analysts expect that Yum! Brands, Inc. (NYSE:YUM) will announce sales of $1.35 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.38 billion and the lowest estimate coming in at $1.32 billion. Yum! Brands posted sales of $1.39 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.9%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, October 30th.

On average, analysts expect that Yum! Brands will report full year sales of $5.58 billion for the current financial year, with estimates ranging from $5.49 billion to $5.67 billion. For the next fiscal year, analysts expect that the firm will report sales of $5.84 billion, with estimates ranging from $5.71 billion to $5.95 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of analysts that cover Yum! Brands.

Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The firm had revenue of $1.31 billion during the quarter, compared to analysts’ expectations of $1.28 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was down 4.2% on a year-over-year basis.

Several analysts recently issued reports on YUM shares. JPMorgan Chase & Co. increased their target price on Yum! Brands from $97.00 to $102.00 and gave the stock a “neutral” rating in a research report on Friday, June 28th. BMO Capital Markets raised their price target on Yum! Brands to $112.00 and gave the company a “market perform” rating in a report on Friday, August 2nd. They noted that the move was a valuation call. BTIG Research raised their price target on Yum! Brands to $130.00 and gave the company a “buy” rating in a report on Friday, August 2nd. Edward Jones cut Yum! Brands from a “buy” rating to a “hold” rating in a report on Monday, July 1st. Finally, UBS Group raised their price target on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, thirteen have given a hold rating and seven have assigned a buy rating to the company’s stock. Yum! Brands has an average rating of “Hold” and a consensus target price of $110.65.

In related news, VP David Eric Russell sold 5,801 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $115.33, for a total transaction of $669,029.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $16,798,395.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 62,556 shares of company stock valued at $6,741,879. Company insiders own 0.67% of the company’s stock.

Hedge funds have recently modified their holdings of the stock. Howe & Rusling Inc. bought a new stake in shares of Yum! Brands during the 1st quarter worth approximately $25,000. Liberty Wealth Management LLC lifted its stake in shares of Yum! Brands by 302.1% during the 2nd quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock worth $43,000 after acquiring an additional 290 shares during the last quarter. Certified Advisory Corp bought a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $44,000. Motco lifted its stake in shares of Yum! Brands by 74.6% during the 1st quarter. Motco now owns 468 shares of the restaurant operator’s stock worth $47,000 after acquiring an additional 200 shares during the last quarter. Finally, TRUE Private Wealth Advisors bought a new stake in shares of Yum! Brands during the 2nd quarter worth approximately $54,000. 77.31% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:YUM traded down $2.00 during trading on Monday, hitting $115.31. 1,055,210 shares of the company’s stock were exchanged, compared to its average volume of 1,520,027. Yum! Brands has a 52-week low of $83.42 and a 52-week high of $119.72. The business’s 50-day simple moving average is $114.25 and its 200 day simple moving average is $104.57. The company has a market cap of $35.67 billion, a price-to-earnings ratio of 36.38, a PEG ratio of 2.47 and a beta of 0.53.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Monday, August 19th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 16th. Yum! Brands’s dividend payout ratio (DPR) is 53.00%.

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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