Yum! Brands, Inc. (NYSE:YUM) Expected to Announce Quarterly Sales of $1.28 Billion

Analysts forecast that Yum! Brands, Inc. (NYSE:YUM) will post $1.28 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have issued estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.29 billion and the lowest estimate coming in at $1.26 billion. Yum! Brands posted sales of $1.37 billion during the same quarter last year, which suggests a negative year-over-year growth rate of 6.6%. The company is scheduled to announce its next earnings results on Thursday, August 1st.

According to Zacks, analysts expect that Yum! Brands will report full-year sales of $5.54 billion for the current financial year, with estimates ranging from $5.48 billion to $5.60 billion. For the next year, analysts expect that the firm will post sales of $5.80 billion, with estimates ranging from $5.73 billion to $5.88 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Yum! Brands.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, May 1st. The restaurant operator reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.02. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Yum! Brands had a negative return on equity of 13.06% and a net margin of 24.61%. Yum! Brands’s quarterly revenue was down 8.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.90 EPS.

Several equities research analysts recently weighed in on the company. Evercore ISI assumed coverage on Yum! Brands in a report on Tuesday, June 11th. They set an “outperform” rating and a $120.00 target price for the company. UBS Group increased their target price on Yum! Brands from $105.00 to $112.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. Citigroup increased their target price on Yum! Brands from $103.00 to $105.00 and gave the company a “neutral” rating in a report on Tuesday, May 21st. BTIG Research increased their target price on Yum! Brands to $114.00 and gave the company a “buy” rating in a report on Thursday, May 2nd. Finally, Robert W. Baird restated an “outperform” rating and set a $112.00 target price on shares of Yum! Brands in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $101.00.

YUM stock traded up $0.81 during trading on Tuesday, hitting $109.79. 1,088,315 shares of the company traded hands, compared to its average volume of 1,579,964. The stock has a market capitalization of $33.59 billion, a PE ratio of 34.63, a P/E/G ratio of 2.35 and a beta of 0.55. Yum! Brands has a 1 year low of $77.09 and a 1 year high of $110.12.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Thursday, May 16th were issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 1.53%. The ex-dividend date of this dividend was Wednesday, May 15th. Yum! Brands’s dividend payout ratio (DPR) is currently 53.00%.

In other news, CFO David W. Gibbs sold 1,537 shares of the firm’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $101.49, for a total value of $155,990.13. Following the completion of the transaction, the chief financial officer now owns 43,516 shares in the company, valued at approximately $4,416,438.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Greg Creed sold 44,949 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $105.82, for a total value of $4,756,503.18. Following the completion of the transaction, the chief executive officer now owns 158,745 shares of the company’s stock, valued at approximately $16,798,395.90. The disclosure for this sale can be found here. In the last quarter, insiders sold 52,328 shares of company stock valued at $5,498,068. Company insiders own 0.67% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Howe & Rusling Inc. purchased a new position in shares of Yum! Brands in the 1st quarter valued at approximately $25,000. Athena Capital Advisors LLC purchased a new position in shares of Yum! Brands in the 4th quarter valued at approximately $25,000. Bogart Wealth LLC lifted its stake in shares of Yum! Brands by 70.0% in the 1st quarter. Bogart Wealth LLC now owns 340 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 140 shares during the period. Sontag Advisory LLC purchased a new position in shares of Yum! Brands in the 4th quarter valued at approximately $41,000. Finally, JNBA Financial Advisors lifted its stake in shares of Yum! Brands by 54.0% in the 4th quarter. JNBA Financial Advisors now owns 462 shares of the restaurant operator’s stock valued at $42,000 after purchasing an additional 162 shares during the period. Institutional investors own 74.91% of the company’s stock.

Yum! Brands Company Profile

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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