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.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.12 per share. This is an increase from Wendys’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, November 29th. This represents a $0.48 annualized dividend and a yield of 2.32%. Wendys’s dividend payout ratio is presently 67.80%.

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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Earnings History and Estimates for Wendys (NASDAQ:WEN)

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