Wendys (NASDAQ:WEN) will be posting its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Wendys to post earnings of $0.15 per share for the quarter. Wendys has set its FY 2019 guidance at $0.61-0.63 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Wendys (NASDAQ:WEN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The company had revenue of $435.30 million for the quarter, compared to analysts’ expectations of $439.64 million. During the same quarter last year, the business earned $0.14 EPS. The firm’s revenue was up 5.9% compared to the same quarter last year. On average, analysts expect Wendys to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
NASDAQ WEN opened at $21.04 on Wednesday. Wendys has a 12 month low of $14.96 and a 12 month high of $22.84. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 35.66, a PEG ratio of 3.07 and a beta of 0.65. The company’s 50 day moving average is $20.60 and its two-hundred day moving average is $19.72. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67.
In related news, Director Matthew H. Peltz sold 2,000,000 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $19.97, for a total value of $39,940,000.00. Following the sale, the director now owns 5,444,270 shares in the company, valued at $108,722,071.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider E.J. Wunsch sold 3,694 shares of the business’s stock in a transaction on Friday, October 4th. The stock was sold at an average price of $20.51, for a total transaction of $75,763.94. Following the completion of the sale, the insider now owns 52,449 shares in the company, valued at approximately $1,075,728.99. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,478,694 shares of company stock worth $49,468,264. Company insiders own 20.90% of the company’s stock.
A number of equities research analysts have commented on the stock. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a research note on Tuesday. Stephens set a $24.00 target price on shares of Wendys and gave the stock a “buy” rating in a research note on Friday, October 11th. BTIG Research cut shares of Wendys from a “buy” rating to a “neutral” rating in a research note on Tuesday, September 10th. Piper Jaffray Companies set a $22.00 target price on shares of Wendys and gave the stock a “buy” rating in a research note on Wednesday, September 18th. Finally, Morgan Stanley raised their target price on shares of Wendys from $19.00 to $22.00 and gave the stock an “equal weight” rating in a research note on Monday, October 14th. Two analysts have rated the stock with a sell rating, fifteen have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $21.55.
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.
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