Wendys (WEN) Announces Earnings Results, Beats Estimates By $0.02 EPS

Wendys (NASDAQ:WEN) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.15 by $0.02, Briefing.com reports. Wendys had a net margin of 40.00% and a return on equity of 26.88%. The company had revenue of $400.55 million during the quarter. During the same period last year, the business earned $0.09 earnings per share. The company’s revenue was up 30.0% on a year-over-year basis. Wendys updated its FY 2018 guidance to $0.56-0.58 EPS and its FY18 guidance to $0.56-0.58 EPS.

Wendys stock traded up $0.37 during trading hours on Thursday, hitting $17.00. The stock had a trading volume of 1,872,544 shares, compared to its average volume of 4,347,461. The company has a debt-to-equity ratio of 6.44, a quick ratio of 1.70 and a current ratio of 1.71. The stock has a market capitalization of $4.05 billion, a PE ratio of 39.53, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. Wendys has a 12-month low of $13.57 and a 12-month high of $18.68.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $0.085 dividend. The ex-dividend date is Friday, November 30th. This represents a $0.34 annualized dividend and a yield of 2.00%. Wendys’s dividend payout ratio (DPR) is presently 79.07%.

A number of institutional investors have recently modified their holdings of WEN. Commonwealth Bank of Australia purchased a new position in shares of Wendys in the third quarter worth $466,000. Prudential Financial Inc. lifted its holdings in shares of Wendys by 74.6% in the third quarter. Prudential Financial Inc. now owns 202,571 shares of the restaurant operator’s stock worth $3,472,000 after buying an additional 86,550 shares in the last quarter. JPMorgan Chase & Co. raised its stake in Wendys by 64.7% during the third quarter. JPMorgan Chase & Co. now owns 194,086 shares of the restaurant operator’s stock valued at $3,326,000 after purchasing an additional 76,279 shares in the last quarter. SG Americas Securities LLC raised its stake in Wendys by 32.7% during the third quarter. SG Americas Securities LLC now owns 75,338 shares of the restaurant operator’s stock valued at $1,291,000 after purchasing an additional 18,565 shares in the last quarter. Finally, Commonwealth Equity Services LLC raised its stake in Wendys by 14.0% during the third quarter. Commonwealth Equity Services LLC now owns 45,392 shares of the restaurant operator’s stock valued at $778,000 after purchasing an additional 5,582 shares in the last quarter. 77.65% of the stock is owned by institutional investors and hedge funds.

WEN has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Wendys from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Sunday, July 15th. BidaskClub cut shares of Wendys from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. Argus lifted their price target on shares of Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a research report on Thursday, August 16th. Mizuho set a $21.00 price target on shares of Wendys and gave the company a “buy” rating in a research report on Thursday, August 16th. Finally, Morgan Stanley lifted their price target on shares of Wendys from $19.00 to $20.00 and gave the company an “equal weight” rating in a research report on Friday, August 17th. Ten analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $19.00.

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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 for Wendys (NASDAQ:WEN)

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