Wendys Co (WEN) to Post FY2018 Earnings of $0.56 Per Share, KeyCorp Forecasts

Wendys Co (NASDAQ:WEN) – Research analysts at KeyCorp issued their FY2018 earnings estimates for shares of Wendys in a note issued to investors on Wednesday, October 3rd. KeyCorp analyst C. O’cull forecasts that the restaurant operator will post earnings of $0.56 per share for the year. KeyCorp has a “Sector Weight” rating on the stock.

WEN has been the subject of a number of other reports. Zacks Investment Research upgraded shares of Wendys from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a report on Sunday, July 15th. BidaskClub upgraded shares of Wendys from a “sell” rating to a “hold” rating in a report on Saturday, August 11th. Argus upped their price target on shares of Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a report on Thursday, August 16th. Bank of America upped their price objective on shares of Wendys from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Finally, Telsey Advisory Group began coverage on shares of Wendys in a report on Friday, September 28th. They issued an “outperform” rating and a $21.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $18.92.

NASDAQ:WEN opened at $17.29 on Monday. Wendys has a 52 week low of $13.57 and a 52 week high of $18.68. The company has a debt-to-equity ratio of 6.44, a current ratio of 1.71 and a quick ratio of 1.70. The firm has a market cap of $4.06 billion, a P/E ratio of 40.21, a PEG ratio of 1.43 and a beta of 0.58.

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

Large investors have recently added to or reduced their stakes in the company. Toronto Dominion Bank purchased a new stake in shares of Wendys in the 2nd quarter worth about $112,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Wendys in the 2nd quarter worth about $152,000. United Capital Financial Advisers LLC purchased a new stake in shares of Wendys in the 1st quarter worth about $184,000. Fox Run Management L.L.C. purchased a new stake in shares of Wendys in the 3rd quarter worth about $202,000. Finally, Private Advisor Group LLC purchased a new stake in shares of Wendys in the 2nd quarter worth about $213,000. 80.60% of the stock is currently owned by hedge funds and other institutional investors.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 18th. Shareholders of record on Tuesday, September 4th were issued a $0.085 dividend. The ex-dividend date of this dividend was Friday, August 31st. This represents a $0.34 annualized dividend and a yield of 1.97%. Wendys’s dividend payout ratio (DPR) is presently 79.07%.

Wendys Company Profile

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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