Wendy’s Company (The) (WEN) Releases FY17 Earnings Guidance
Wendy’s Company (The) (NASDAQ:WEN) issued an update on its FY17 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.43-0.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.46.
Wendy’s Company (NASDAQ WEN) traded down $0.52 during midday trading on Wednesday, reaching $14.23. 3,217,208 shares of the company’s stock traded hands, compared to its average volume of 2,300,000. Wendy’s Company has a 12-month low of $10.86 and a 12-month high of $16.66. The company has a debt-to-equity ratio of 5.54, a quick ratio of 1.91 and a current ratio of 1.92. The stock has a market cap of $3,590.00, a PE ratio of 34.72, a price-to-earnings-growth ratio of 2.41 and a beta of 0.94.
Wendy’s Company (The) (NASDAQ:WEN) last posted its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Wendy’s Company (The) had a return on equity of 19.67% and a net margin of 7.68%. The firm had revenue of $308.00 million for the quarter, compared to analysts’ expectations of $310.34 million. During the same quarter in the previous year, the firm posted $0.11 earnings per share. The company’s revenue for the quarter was down 15.4% on a year-over-year basis. equities research analysts expect that Wendy’s Company will post 0.46 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Friday, December 1st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.97%. The ex-dividend date is Thursday, November 30th. Wendy’s Company (The)’s payout ratio is 73.68%.
WEN has been the topic of several research analyst reports. Zacks Investment Research upgraded shares of Wendy’s Company (The) from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Thursday, July 20th. Longbow Research upgraded shares of Wendy’s Company (The) from a neutral rating to a buy rating and boosted their price target for the company from $15.23 to $18.00 in a report on Friday, September 15th. BidaskClub cut shares of Wendy’s Company (The) from a hold rating to a sell rating in a report on Saturday, September 9th. Sanford C. Bernstein restated a market perform rating and set a $16.00 price target on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. Finally, Stifel Nicolaus began coverage on shares of Wendy’s Company (The) in a report on Monday, October 2nd. They set a buy rating and a $18.00 price target on the stock. One research analyst has rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $16.05.
In related news, insider E.J. Wunsch sold 3,548 shares of Wendy’s Company (The) stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $15.43, for a total value of $54,745.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 26.50% of the stock is currently owned by insiders.
About Wendy’s Company (The)
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
Receive News & Stock Ratings for Wendy's Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendy's Company (The) and related stocks with our FREE daily email newsletter.