Wendys (WEN) to Release Quarterly Earnings on Wednesday

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Wendys (NASDAQ:WEN) is scheduled to be announcing its earnings results before the market opens on Wednesday, August 7th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Wendys has set its FY 2019 guidance at $0.61-0.63 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Wendys (NASDAQ:WEN) last released its earnings results on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. Wendys had a net margin of 29.16% and a return on equity of 23.85%. The firm had revenue of $408.60 million during the quarter, compared to analyst estimates of $398.58 million. During the same period last year, the business earned $0.11 earnings per share. The business’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect Wendys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WEN stock opened at $17.67 on Tuesday. The firm’s 50 day simple moving average is $19.15. Wendys has a 52-week low of $14.96 and a 52-week high of $20.14. The stock has a market capitalization of $4.17 billion, a price-to-earnings ratio of 29.95, a price-to-earnings-growth ratio of 2.00 and a beta of 0.72. The company has a quick ratio of 2.04, a current ratio of 2.05 and a debt-to-equity ratio of 5.80.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a dividend of $0.10 per share. The ex-dividend date is Friday, August 30th. This represents a $0.40 annualized dividend and a dividend yield of 2.26%. Wendys’s payout ratio is 67.80%.

In other Wendys news, COO Robert D. Wright sold 126,629 shares of Wendys stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $18.74, for a total value of $2,373,027.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Robert D. Wright sold 454,793 shares of Wendys stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $18.60, for a total transaction of $8,459,149.80. Following the completion of the sale, the chief operating officer now directly owns 237,425 shares of the company’s stock, valued at approximately $4,416,105. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 690,532 shares of company stock valued at $12,859,441. 20.90% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on WEN shares. Wedbush reiterated a “hold” rating and set a $20.00 target price on shares of Wendys in a report on Wednesday, May 8th. BidaskClub lowered shares of Wendys from a “hold” rating to a “sell” rating in a report on Friday, July 26th. JPMorgan Chase & Co. lifted their target price on shares of Wendys from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 28th. Evercore ISI started coverage on shares of Wendys in a report on Wednesday, June 12th. They set an “in-line” rating and a $20.00 target price for the company. Finally, Zacks Investment Research upgraded shares of Wendys from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a report on Saturday, June 15th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and thirteen have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $20.19.

About Wendys

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.

See Also: Straddles

Earnings History for Wendys (NASDAQ:WEN)

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