Wendys (WEN) Issues Earnings Results

Wendys (NASDAQ:WEN) announced its quarterly earnings data on Tuesday. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.15 by $0.02, Briefing.com reports. The business had revenue of $400.55 million during the quarter. Wendys had a return on equity of 26.88% and a net margin of 40.00%. The firm’s quarterly revenue was up 30.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.09 EPS. Wendys updated its FY 2018 guidance to $0.56-0.58 EPS and its FY18 guidance to $0.56-0.58 EPS.

WEN stock opened at $16.63 on Thursday. Wendys has a 1-year low of $13.57 and a 1-year 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 capitalization of $4.05 billion, a PE ratio of 38.67, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53.

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Stockholders of record on Monday, December 3rd will be paid a $0.085 dividend. This represents a $0.34 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Friday, November 30th. Wendys’s dividend payout ratio is currently 79.07%.

Hedge funds have recently bought and sold shares of the company. Toronto Dominion Bank purchased a new position in shares of Wendys in the second quarter worth $112,000. Valeo Financial Advisors LLC raised its stake in shares of Wendys by 2,200.0% in the third quarter. Valeo Financial Advisors LLC now owns 6,900 shares of the restaurant operator’s stock worth $118,000 after purchasing an additional 6,600 shares during the last quarter. Itau Unibanco Holding S.A. purchased a new position in shares of Wendys in the second quarter worth $152,000. Fox Run Management L.L.C. purchased a new position in shares of Wendys in the third quarter worth $202,000. Finally, Private Advisor Group LLC purchased a new stake in Wendys during the second quarter valued at $213,000. Hedge funds and other institutional investors own 77.65% of the company’s stock.

A number of research analysts have issued reports on WEN shares. BidaskClub upgraded Wendys from a “hold” rating to a “buy” rating in a research note on Saturday, August 18th. Zacks Investment Research upgraded Wendys from a “hold” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Sunday, July 15th. SunTrust Banks reiterated a “buy” rating and set a $22.00 price objective on shares of Wendys in a research note on Friday, August 17th. Mizuho set a $21.00 price objective on Wendys and gave the company a “buy” rating in a research note on Thursday, August 16th. Finally, Argus lifted their price objective on Wendys from $19.00 to $21.00 and gave the company a “buy” rating in a research note on Thursday, August 16th. Ten equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Wendys presently has a consensus rating of “Buy” and a consensus target price of $18.93.

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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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