Zacks: Analysts Expect Noodles & Company (NDLS) to Announce -$0.02 EPS

Wall Street brokerages expect Noodles & Company (NASDAQ:NDLS) to post earnings per share (EPS) of ($0.02) for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Noodles & Company’s earnings. The lowest EPS estimate is ($0.04) and the highest is ($0.01). Noodles & Company posted earnings per share of ($0.08) in the same quarter last year, which indicates a positive year over year growth rate of 75%. The business is expected to report its next earnings results on Tuesday, May 8th.

According to Zacks, analysts expect that Noodles & Company will report full-year earnings of $0.04 per share for the current year, with EPS estimates ranging from $0.02 to $0.06. For the next financial year, analysts expect that the company will report earnings of $0.06 per share, with EPS estimates ranging from $0.05 to $0.07. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Noodles & Company.

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Noodles & Company (NASDAQ:NDLS) last released its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.01) by $0.02. The firm had revenue of $112.77 million for the quarter, compared to analysts’ expectations of $111.05 million. Noodles & Company had a negative net margin of 8.21% and a negative return on equity of 2.48%. The company’s revenue for the quarter was down 12.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.04) earnings per share.

NDLS has been the topic of several recent analyst reports. Wedbush reiterated a “neutral” rating on shares of Noodles & Company in a research report on Monday, April 2nd. BidaskClub cut shares of Noodles & Company from a “buy” rating to a “hold” rating in a research report on Tuesday, March 20th. SunTrust Banks reiterated a “hold” rating and set a $6.00 price objective on shares of Noodles & Company in a research report on Wednesday, January 3rd. BMO Capital Markets set a $5.00 price target on shares of Noodles & Company and gave the stock a “hold” rating in a research report on Wednesday, March 14th. Finally, Zacks Investment Research upgraded shares of Noodles & Company from a “sell” rating to a “hold” rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $5.17.

A number of institutional investors and hedge funds have recently made changes to their positions in NDLS. Eidelman Virant Capital increased its position in Noodles & Company by 117.5% in the fourth quarter. Eidelman Virant Capital now owns 809,170 shares of the restaurant operator’s stock worth $4,248,000 after purchasing an additional 437,170 shares during the last quarter. Salem Investment Counselors Inc. bought a new stake in Noodles & Company in the third quarter worth $1,327,000. Royce & Associates LP increased its position in Noodles & Company by 433.3% in the third quarter. Royce & Associates LP now owns 200,000 shares of the restaurant operator’s stock worth $880,000 after purchasing an additional 162,500 shares during the last quarter. MYDA Advisors LLC bought a new stake in Noodles & Company in the fourth quarter worth $420,000. Finally, Millennium Management LLC increased its position in Noodles & Company by 414.2% in the fourth quarter. Millennium Management LLC now owns 58,906 shares of the restaurant operator’s stock worth $309,000 after purchasing an additional 47,451 shares during the last quarter. Institutional investors own 52.63% of the company’s stock.

Shares of Noodles & Company stock traded up $0.05 on Wednesday, hitting $7.65. 17,517 shares of the company traded hands, compared to its average volume of 112,894. The stock has a market cap of $301.00, a P/E ratio of -380.00, a PEG ratio of 24.82 and a beta of -0.50. The company has a debt-to-equity ratio of 1.61, a current ratio of 0.50 and a quick ratio of 0.28. Noodles & Company has a 52 week low of $3.35 and a 52 week high of $8.20.

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Noodles & Company 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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