Noodles & Co (NASDAQ:NDLS) Releases FY 2019 Earnings Guidance

Noodles & Co (NASDAQ:NDLS) updated its FY 2019 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $0.08-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $466-474 million, compared to the consensus revenue estimate of $468.06 million.Noodles & Co also updated its FY19 guidance to $0.08-0.16 EPS.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of Noodles & Co from a buy rating to a hold rating in a research report on Thursday. ValuEngine raised shares of Noodles & Co from a sell rating to a hold rating in a report on Thursday, August 1st. Finally, BidaskClub raised shares of Noodles & Co from a sell rating to a hold rating in a report on Wednesday, July 31st. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $10.71.

Shares of NDLS traded up $0.03 during midday trading on Friday, hitting $6.55. The stock had a trading volume of 568,444 shares, compared to its average volume of 474,669. Noodles & Co has a fifty-two week low of $5.85 and a fifty-two week high of $13.50. The stock’s 50-day moving average price is $7.60. The company has a market capitalization of $337.07 million, a price-to-earnings ratio of 327.50, a P/E/G ratio of 5.37 and a beta of 0.05. The company has a current ratio of 0.35, a quick ratio of 0.15 and a debt-to-equity ratio of 6.24.

Noodles & Co (NASDAQ:NDLS) last announced its earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 EPS for the quarter, hitting the consensus estimate of $0.05. Noodles & Co had a negative net margin of 0.07% and a positive return on equity of 6.69%. The company had revenue of $120.20 million during the quarter, compared to analysts’ expectations of $117.72 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. On average, equities analysts anticipate that Noodles & Co will post 0.16 earnings per share for the current year.

Noodles & Co Company Profile

Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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