Wendys (NASDAQ:WEN) Issues FY19 Earnings Guidance
Wendys (NASDAQ:WEN) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.58-0.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58.
WEN opened at $20.65 on Friday. The company has a current ratio of 1.97, a quick ratio of 1.96 and a debt-to-equity ratio of 5.67. The company’s fifty day moving average price is $20.76 and its two-hundred day moving average price is $19.83. Wendys has a 1-year low of $14.96 and a 1-year high of $22.84. The company has a market cap of $4.81 billion, a price-to-earnings ratio of 35.00, a PEG ratio of 3.00 and a beta of 0.67.
Wendys (NASDAQ:WEN) last released its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $0.19 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.15 by $0.04. Wendys had a net margin of 28.88% and a return on equity of 23.16%. The firm had revenue of $437.88 million for the quarter, compared to the consensus estimate of $434.45 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The business’s revenue was up 9.3% on a year-over-year basis. As a group, equities analysts forecast that Wendys will post 0.57 earnings per share for the current fiscal year.
Several analysts have recently issued reports on WEN shares. SunTrust Banks upped their target price on shares of Wendys to $26.00 and gave the stock a buy rating in a research note on Monday, October 14th. Stephens set a $24.00 target price on shares of Wendys and gave the stock a buy rating in a research note on Friday, October 11th. Stifel Nicolaus set a $22.00 target price on shares of Wendys and gave the stock a hold rating in a research note on Tuesday, October 15th. Evercore ISI set a $20.00 target price on shares of Wendys and gave the stock a hold rating in a research note on Wednesday, August 7th. Finally, Zacks Investment Research lowered shares of Wendys from a hold rating to a sell rating and set a $22.00 target price for the company. in a research note on Monday, October 28th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have issued a buy rating to the company’s stock. Wendys currently has a consensus rating of Hold and an average target price of $21.70.
In related news, Director Matthew H. Peltz sold 2,000,000 shares of the stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $19.97, for a total transaction of $39,940,000.00. Following the completion of the transaction, the director now owns 5,444,270 shares in the company, valued at $108,722,071.90. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider E.J. Wunsch sold 3,694 shares of the stock in a transaction dated Friday, October 4th. The shares were sold at an average price of $20.51, for a total transaction of $75,763.94. Following the transaction, the insider now owns 52,449 shares of the company’s stock, valued at approximately $1,075,728.99. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,478,694 shares of company stock valued at $49,468,264. 20.90% of the stock is owned by company insiders.
Wendys Company Profile
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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