Wendys Co (NASDAQ:WEN) – Research analysts at SunTrust Banks upped their FY2018 earnings per share (EPS) estimates for Wendys in a report issued on Wednesday, November 7th. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $0.57 per share for the year, up from their prior forecast of $0.56. SunTrust Banks has a “Buy” rating and a $22.00 price objective on the stock. SunTrust Banks also issued estimates for Wendys’ Q4 2018 earnings at $0.14 EPS and Q2 2019 earnings at $0.17 EPS.
Wendys (NASDAQ:WEN) last announced its quarterly earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wendys had a net margin of 40.00% and a return on equity of 26.88%. The business had revenue of $400.55 million for the quarter, compared to analysts’ expectations of $406.39 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was up 30.0% compared to the same quarter last year.
Shares of NASDAQ WEN opened at $17.42 on Friday. Wendys has a fifty-two week low of $13.67 and a fifty-two week high of $18.68. The stock has a market capitalization of $4.05 billion, a P/E ratio of 40.51, a price-to-earnings-growth ratio of 1.42 and a beta of 0.53. 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 company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $0.085 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $0.34 annualized dividend and a yield of 1.95%. Wendys’s dividend payout ratio (DPR) is 79.07%.
A number of large investors have recently bought and sold shares of the business. Canada Pension Plan Investment Board increased its stake in shares of Wendys by 114.8% during the 3rd quarter. Canada Pension Plan Investment Board now owns 1,450,116 shares of the restaurant operator’s stock worth $24,855,000 after purchasing an additional 775,116 shares during the last quarter. Trexquant Investment LP purchased a new stake in shares of Wendys during the 3rd quarter worth approximately $637,000. American International Group Inc. increased its stake in shares of Wendys by 5.4% during the 3rd quarter. American International Group Inc. now owns 381,741 shares of the restaurant operator’s stock worth $6,543,000 after purchasing an additional 19,447 shares during the last quarter. BlackRock Inc. increased its stake in shares of Wendys by 4.2% during the 3rd quarter. BlackRock Inc. now owns 16,211,392 shares of the restaurant operator’s stock worth $277,863,000 after purchasing an additional 652,622 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Wendys by 4.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,577,861 shares of the restaurant operator’s stock worth $44,184,000 after purchasing an additional 110,443 shares during the last quarter. Hedge funds and other institutional investors own 77.65% of the company’s stock.
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.
Further Reading: The risks of owning bonds
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.