Analysts Expect Wendys Co (WEN) to Post $0.15 Earnings Per Share

Equities analysts expect that Wendys Co (NASDAQ:WEN) will post $0.15 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Wendys’ earnings, with the lowest EPS estimate coming in at $0.14 and the highest estimate coming in at $0.16. Wendys posted earnings per share of $0.09 in the same quarter last year, which suggests a positive year over year growth rate of 66.7%. The company is expected to issue its next quarterly earnings results on Wednesday, November 14th.

According to Zacks, analysts expect that Wendys will report full-year earnings of $0.56 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.56. For the next fiscal year, analysts anticipate that the business will post earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.71. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Wendys.

Wendys (NASDAQ:WEN) last announced its earnings results on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Wendys had a return on equity of 23.08% and a net margin of 15.87%. The business had revenue of $411.00 million during the quarter. During the same quarter in the prior year, the company earned $0.15 EPS.

A number of research firms have recently issued reports on WEN. BidaskClub cut Wendys from a “hold” rating to a “sell” rating in a report on Friday. KeyCorp began coverage on Wendys in a report on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Telsey Advisory Group began coverage on Wendys in a report on Friday, September 28th. They issued an “outperform” rating and a $21.00 price objective for the company. BTIG Research began coverage on Wendys in a report on Tuesday, September 25th. They issued a “buy” rating and a $20.00 price objective for the company. Finally, SunTrust Banks reiterated a “buy” rating and issued a $22.00 price objective on shares of Wendys in a report on Friday, August 17th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have assigned a buy rating to the company’s stock. Wendys currently has a consensus rating of “Hold” and an average price target of $18.92.

Shares of WEN traded down $0.09 during midday trading on Wednesday, reaching $17.17. The stock had a trading volume of 106,108 shares, compared to its average volume of 3,517,095. Wendys has a 12-month low of $13.57 and a 12-month high of $18.68. The company has a current ratio of 1.71, a quick ratio of 1.70 and a debt-to-equity ratio of 6.44. The stock has a market capitalization of $4.06 billion, a P/E ratio of 40.21, a PEG ratio of 1.43 and a beta of 0.58.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 18th. Investors of record on Tuesday, September 4th were issued a dividend of $0.085 per share. This represents a $0.34 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, August 31st. Wendys’s dividend payout ratio is presently 79.07%.

A number of hedge funds have recently modified their holdings of the stock. Toronto Dominion Bank bought a new position in Wendys during the 2nd quarter valued at approximately $112,000. Itau Unibanco Holding S.A. bought a new position in Wendys during the 2nd quarter valued at approximately $152,000. United Capital Financial Advisers LLC bought a new position in Wendys during the 1st quarter valued at approximately $184,000. Fox Run Management L.L.C. bought a new position in Wendys during the 3rd quarter valued at approximately $202,000. Finally, Private Advisor Group LLC bought a new position in Wendys during the 2nd quarter valued at approximately $213,000. Institutional investors own 80.60% of the company’s stock.

About Wendys

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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Earnings History and Estimates for Wendys (NASDAQ:WEN)

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