Wendys (NASDAQ:WEN) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02, Briefing.com reports. The business had revenue of $400.55 million for the quarter. Wendys had a net margin of 40.00% and a return on equity of 26.88%. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year. During the same period in the prior year, the company 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.
NASDAQ:WEN traded up $0.35 during mid-day trading on Thursday, hitting $16.98. The stock had a trading volume of 1,268,286 shares, compared to its average volume of 4,347,461. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 39.49, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. Wendys has a twelve month low of $13.57 and a twelve month high of $18.68. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 6.44.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors 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 79.07%.
A number of large investors have recently modified their holdings of WEN. Marshall Wace LLP acquired a new stake in Wendys in the second quarter valued at approximately $31,887,000. FMR LLC raised its holdings in Wendys by 362.4% in the second quarter. FMR LLC now owns 1,386,158 shares of the restaurant operator’s stock valued at $23,814,000 after acquiring an additional 1,086,386 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Wendys by 12.3% in the second quarter. Wells Fargo & Company MN now owns 9,837,856 shares of the restaurant operator’s stock valued at $169,016,000 after acquiring an additional 1,078,609 shares in the last quarter. Mesirow Financial Investment Management Equity Management acquired a new stake in Wendys in the second quarter valued at approximately $15,034,000. Finally, Millennium Management LLC raised its holdings in Wendys by 63.0% in the second quarter. Millennium Management LLC now owns 2,120,428 shares of the restaurant operator’s stock valued at $36,429,000 after acquiring an additional 819,826 shares in the last quarter. 77.65% of the stock is currently owned by hedge funds and other institutional investors.
TRADEMARK VIOLATION NOTICE: This article was first posted by WKRB News and is the property of of WKRB News. If you are accessing this article on another site, it was illegally copied and reposted in violation of United States and international copyright legislation. The legal version of this article can be read at https://www.wkrb13.com/2018/11/08/wendys-wen-posts-quarterly-earnings-results-beats-expectations-by-0-02-eps.html.
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.
Recommended Story: Risk Tolerance and Your Investment Decisions
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.