Zacks: Brokerages Expect Wendys Co (WEN) Will Announce Quarterly Sales of $440.95 Million

Share on StockTwits

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.

A number of equities research analysts have recently issued reports on the company. Bank of America set a $20.00 price target on Wendys and gave the company a “hold” rating in a research report on Friday, May 10th. Cowen assumed coverage on Wendys in a research report on Wednesday, April 10th. They issued an “outperform” rating and a $21.00 price target for the company. BidaskClub upgraded Wendys from a “hold” rating to a “buy” rating in a research report on Friday. Mizuho lowered Wendys from a “buy” rating to a “neutral” rating and set a $18.00 price target for the company. in a research report on Wednesday, March 20th. Finally, Stephens upped their price target on Wendys to $22.00 and gave the company an “overweight” rating in a research report on Thursday, May 9th. Eight investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $20.42.

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)

Get a free copy of the Zacks research report on Wendys (WEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wendys (NASDAQ:WEN)

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.



Latest News

Barry Zwarenstein Sells 7,663 Shares of Five9 Inc  Stock
Barry Zwarenstein Sells 7,663 Shares of Five9 Inc Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc  Stock
Venture Fund Vii L.P. Arch Sells 63,000 Shares of Syros Pharmaceuticals Inc Stock
Insider Selling: Neogen Co.  Director Sells 5,000 Shares of Stock
Insider Selling: Neogen Co. Director Sells 5,000 Shares of Stock
Neogen Co.  Director Sells $314,650.00 in Stock
Neogen Co. Director Sells $314,650.00 in Stock
Insider Selling: Airgain Inc  CEO Sells 22,464 Shares of Stock
Insider Selling: Airgain Inc CEO Sells 22,464 Shares of Stock
Insider Selling: Bottomline Technologies  Insider Sells 9,925 Shares of Stock
Insider Selling: Bottomline Technologies Insider Sells 9,925 Shares of Stock


© 2006-2019 Ticker Report