Equities analysts expect Wendys Co (NASDAQ:WEN) to report sales of $440.95 million for the current quarter, according to Zacks. Eight analysts have issued estimates for Wendys’ earnings, with the highest sales estimate coming in at $442.50 million and the lowest estimate coming in at $439.50 million. Wendys posted sales of $411.00 million in the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is scheduled to announce its next earnings report on Tuesday, August 6th.
According to Zacks, analysts expect that Wendys will report full-year sales of $1.71 billion for the current fiscal year, with estimates ranging from $1.70 billion to $1.71 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $1.79 billion, with estimates ranging from $1.77 billion to $1.81 billion. Zacks’ sales calculations are an average based on a survey of analysts that that provide coverage for Wendys.
Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. The business had revenue of $408.60 million during the quarter, compared to analyst estimates of $398.58 million. Wendys had a return on equity of 23.85% and a net margin of 29.16%. The business’s revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 earnings per share.
In other Wendys news, major shareholder Trian Fund Management, L.P. sold 3,000,000 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $17.11, for a total transaction of $51,330,000.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Robert D. Wright sold 126,629 shares of the company’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.74, for a total value of $2,373,027.46. The disclosure for this sale can be found here. Insiders sold 3,699,429 shares of company stock worth $64,343,804 over the last quarter. 20.90% of the stock is currently owned by insiders.
A number of large investors have recently added to or reduced their stakes in WEN. JPMorgan Chase & Co. lifted its stake in Wendys by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 194,086 shares of the restaurant operator’s stock worth $3,326,000 after purchasing an additional 76,279 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Wendys by 3.2% during the third quarter. Teachers Advisors LLC now owns 214,113 shares of the restaurant operator’s stock worth $3,670,000 after acquiring an additional 6,638 shares during the period. Morgan Stanley increased its position in shares of Wendys by 4.2% during the third quarter. Morgan Stanley now owns 430,335 shares of the restaurant operator’s stock worth $7,376,000 after acquiring an additional 17,161 shares during the period. State of Alaska Department of Revenue increased its position in shares of Wendys by 169.3% during the fourth quarter. State of Alaska Department of Revenue now owns 62,055 shares of the restaurant operator’s stock worth $967,000 after acquiring an additional 39,015 shares during the period. Finally, Fox Run Management L.L.C. increased its position in shares of Wendys by 38.5% during the fourth quarter. Fox Run Management L.L.C. now owns 16,302 shares of the restaurant operator’s stock worth $254,000 after acquiring an additional 4,528 shares during the period. Institutional investors own 77.24% of the company’s stock.
Shares of WEN stock traded down $0.04 during trading hours on Friday, reaching $18.97. The company had a trading volume of 1,520,315 shares, compared to its average volume of 3,537,017. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.05 and a quick ratio of 2.04. The firm has a market capitalization of $4.38 billion, a PE ratio of 32.15, a price-to-earnings-growth ratio of 2.10 and a beta of 0.77. Wendys has a 12-month low of $14.96 and a 12-month high of $19.45.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 3rd will be issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Friday, May 31st. Wendys’s dividend payout ratio is presently 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.
Featured Story: Leveraged Buyout (LBO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.