Equities analysts forecast that Wendys Co (NASDAQ:WEN) will post $441.00 million in sales for the current quarter, Zacks Investment Research reports. Eight analysts have provided estimates for Wendys’ earnings, with estimates ranging from $439.50 million to $442.50 million. Wendys posted sales of $411.00 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The business is scheduled to issue its next earnings results before the market opens on Wednesday, August 7th.
According to Zacks, analysts expect that Wendys will report full-year sales of $1.71 billion for the current year, with estimates ranging from $1.70 billion to $1.71 billion. For the next year, analysts forecast that the company will report sales of $1.79 billion, with estimates ranging from $1.78 billion to $1.81 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Wendys.
Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, May 8th. The restaurant operator reported $0.14 earnings per share for the quarter, topping the consensus estimate of $0.12 by $0.02. The company had revenue of $408.60 million during the quarter, compared to analysts’ expectations of $398.58 million. Wendys had a return on equity of 23.85% and a net margin of 29.16%. Wendys’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 earnings per share.
In other Wendys news, COO Robert D. Wright sold 126,629 shares of the firm’s stock in a transaction on Friday, May 10th. The stock was sold at an average price of $18.74, for a total transaction of $2,373,027.46. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, COO Robert D. Wright sold 454,793 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $18.60, for a total value of $8,459,149.80. Following the transaction, the chief operating officer now owns 237,425 shares in the company, valued at approximately $4,416,105. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 690,532 shares of company stock worth $12,859,441. Corporate insiders own 20.90% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its holdings in shares of Wendys by 3.1% in the 4th quarter. BlackRock Inc. now owns 16,707,749 shares of the restaurant operator’s stock valued at $260,806,000 after purchasing an additional 496,357 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of Wendys by 3.4% during the 1st quarter. Wells Fargo & Company MN now owns 9,736,670 shares of the restaurant operator’s stock valued at $174,188,000 after acquiring an additional 317,252 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Wendys by 1.8% during the 1st quarter. Janus Henderson Group PLC now owns 5,419,827 shares of the restaurant operator’s stock valued at $96,961,000 after acquiring an additional 98,309 shares in the last quarter. Norges Bank acquired a new stake in shares of Wendys during the 4th quarter valued at $56,554,000. Finally, OppenheimerFunds Inc. boosted its holdings in shares of Wendys by 0.8% during the 1st quarter. OppenheimerFunds Inc. now owns 3,353,385 shares of the restaurant operator’s stock valued at $59,992,000 after acquiring an additional 25,748 shares in the last quarter. 76.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WEN stock traded down $0.12 on Wednesday, hitting $19.52. 58,469 shares of the stock were exchanged, compared to its average volume of 3,251,451. The company has a debt-to-equity ratio of 5.80, a current ratio of 2.05 and a quick ratio of 2.04. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 33.14, a P/E/G ratio of 2.19 and a beta of 0.75. The business has a 50-day moving average of $19.29. Wendys has a fifty-two week low of $14.96 and a fifty-two week high of $20.14.
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 3rd were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a yield of 2.05%. Wendys’s dividend payout ratio (DPR) is presently 67.80%.
The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.
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