$399.59 Million in Sales Expected for Wendys Co (WEN) This Quarter

Wall Street brokerages predict that Wendys Co (NASDAQ:WEN) will post sales of $399.59 million for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Wendys’ earnings, with the highest sales estimate coming in at $403.74 million and the lowest estimate coming in at $389.71 million. Wendys posted sales of $309.25 million during the same quarter last year, which would suggest a positive year over year growth rate of 29.2%. The business is scheduled to issue its next quarterly earnings results on Wednesday, February 20th.

On average, analysts expect that Wendys will report full year sales of $1.59 billion for the current financial year, with estimates ranging from $1.58 billion to $1.60 billion. For the next fiscal year, analysts expect that the business will report sales of $1.65 billion, with estimates ranging from $1.62 billion to $1.67 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Wendys.

Wendys (NASDAQ:WEN) last released its earnings results on Tuesday, November 6th. The restaurant operator reported $0.17 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.02. Wendys had a return on equity of 23.36% and a net margin of 40.00%. The business had revenue of $400.55 million for the quarter. During the same period last year, the firm posted $0.09 earnings per share. The company’s revenue was up 30.0% compared to the same quarter last year.

WEN has been the subject of several recent analyst reports. SunTrust Banks restated a “buy” rating and issued a $22.00 price target on shares of Wendys in a research note on Friday, August 17th. KeyCorp initiated coverage on Wendys in a research note on Wednesday, October 3rd. They issued a “sector weight” rating for the company. Mizuho set a $21.00 price target on Wendys and gave the stock a “buy” rating in a research note on Thursday, August 16th. Morgan Stanley boosted their price target on Wendys from $19.00 to $20.00 and gave the stock an “equal weight” rating in a research note on Friday, August 17th. Finally, Zacks Investment Research cut Wendys from a “buy” rating to a “hold” rating in a research note on Monday, August 6th. Eight analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $19.56.

Institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. raised its position in Wendys by 1.3% during the third quarter. Vanguard Group Inc. now owns 16,598,478 shares of the restaurant operator’s stock valued at $284,498,000 after purchasing an additional 220,643 shares during the period. Morgan Stanley raised its position in Wendys by 4.2% during the third quarter. Morgan Stanley now owns 430,335 shares of the restaurant operator’s stock valued at $7,376,000 after purchasing an additional 17,161 shares during the period. Legal & General Group Plc raised its position in Wendys by 6.2% during the third quarter. Legal & General Group Plc now owns 253,339 shares of the restaurant operator’s stock valued at $4,343,000 after purchasing an additional 14,835 shares during the period. Nordea Investment Management AB raised its position in Wendys by 35.9% during the third quarter. Nordea Investment Management AB now owns 260,855 shares of the restaurant operator’s stock valued at $4,470,000 after purchasing an additional 68,873 shares during the period. Finally, TIAA CREF Investment Management LLC raised its position in Wendys by 129.0% during the third quarter. TIAA CREF Investment Management LLC now owns 499,728 shares of the restaurant operator’s stock valued at $8,565,000 after purchasing an additional 281,468 shares during the period. Institutional investors own 76.46% of the company’s stock.

Shares of WEN stock traded up $0.05 during mid-day trading on Friday, hitting $17.75. The company’s stock had a trading volume of 1,154,600 shares, compared to its average volume of 3,699,104. Wendys has a 52-week low of $13.67 and a 52-week high of $18.68. The company has a debt-to-equity ratio of 3.52, a current ratio of 2.52 and a quick ratio of 2.51. The stock has a market capitalization of $4.19 billion, a P/E ratio of 41.28, a P/E/G ratio of 1.49 and a beta of 0.53.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $0.085 per share. This represents a $0.34 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date is Friday, November 30th. Wendys’s dividend payout ratio (DPR) is presently 79.07%.

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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