Wendys (WEN) to Release Quarterly Earnings on Wednesday

Share on StockTwits

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.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.12 per share. This is a boost from Wendys’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Friday, November 29th. This represents a $0.48 dividend on an annualized basis and a yield of 2.28%. Wendys’s dividend payout ratio (DPR) is presently 67.80%.

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.

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.

Recommended Story: How to Track your Portfolio in Google Finance

Earnings History 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

BWX Technologies Inc  to Issue $0.17 Dividend
BWX Technologies Inc to Issue $0.17 Dividend
Freehold Royalties  Rating Reiterated by Raymond James
Freehold Royalties Rating Reiterated by Raymond James
Acasti Pharma  Downgraded to Sell at Zacks Investment Research
Acasti Pharma Downgraded to Sell at Zacks Investment Research
Zacks Investment Research Upgrades ARMOUR Residential REIT  to “Hold”
Zacks Investment Research Upgrades ARMOUR Residential REIT to “Hold”
Odyssey Reaches One Day Trading Volume of $317,432.00
Odyssey Reaches One Day Trading Volume of $317,432.00
3DCoin  Achieves Market Capitalization of $748,753.00
3DCoin Achieves Market Capitalization of $748,753.00


© 2006-2019 Ticker Report