Wall Street brokerages forecast that Yum! Brands, Inc. (NYSE:YUM) will report $1.35 billion in sales for the current quarter, Zacks reports. Seven analysts have provided estimates for Yum! Brands’ earnings, with the lowest sales estimate coming in at $1.32 billion and the highest estimate coming in at $1.38 billion. Yum! Brands reported sales of $1.39 billion in the same quarter last year, which indicates a negative year-over-year growth rate of 2.9%. The business is expected to issue its next earnings report on Wednesday, October 30th.
According to Zacks, analysts expect that Yum! Brands will report full year sales of $5.58 billion for the current fiscal year, with estimates ranging from $5.49 billion to $5.64 billion. For the next year, analysts forecast that the firm will post sales of $5.84 billion, with estimates ranging from $5.71 billion to $5.95 billion. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, August 1st. The restaurant operator reported $0.93 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.06. Yum! Brands had a negative return on equity of 13.02% and a net margin of 24.29%. The company had revenue of $1.31 billion during the quarter, compared to analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.82 EPS. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis.
YUM traded down $1.10 during trading hours on Thursday, hitting $112.59. The stock had a trading volume of 1,449,900 shares, compared to its average volume of 1,618,422. The company’s fifty day simple moving average is $114.85 and its 200 day simple moving average is $108.80. Yum! Brands has a 1 year low of $84.53 and a 1 year high of $119.72. The stock has a market cap of $34.89 billion, a PE ratio of 35.52, a price-to-earnings-growth ratio of 2.42 and a beta of 0.50.
In other Yum! Brands news, CEO Greg Creed sold 11,389 shares of Yum! Brands stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $116.93, for a total transaction of $1,331,715.77. Following the completion of the transaction, the chief executive officer now owns 25,004 shares of the company’s stock, valued at approximately $2,923,717.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Eric Russell sold 5,801 shares of Yum! Brands stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $115.33, for a total value of $669,029.33. The disclosure for this sale can be found here. Insiders have sold a total of 22,953 shares of company stock valued at $2,653,229 in the last ninety days. Insiders own 0.67% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Liberty Wealth Management LLC increased its stake in Yum! Brands by 302.1% in the second quarter. Liberty Wealth Management LLC now owns 386 shares of the restaurant operator’s stock valued at $43,000 after acquiring an additional 290 shares during the last quarter. Certified Advisory Corp bought a new position in Yum! Brands in the second quarter valued at $44,000. TRUE Private Wealth Advisors bought a new position in Yum! Brands in the second quarter valued at $54,000. Advisory Alpha LLC bought a new position in Yum! Brands in the first quarter valued at $50,000. Finally, Global Wealth Management Investment Advisory Inc. increased its stake in Yum! Brands by 4,636.4% in the second quarter. Global Wealth Management Investment Advisory Inc. now owns 521 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 510 shares during the last quarter. 75.26% of the stock is owned by institutional investors.
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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