Wendys (NASDAQ:WEN) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.63. The company issued revenue guidance of $1.63763408-1.65353344 billion, compared to the consensus revenue estimate of $1.7 billion.
A number of equities analysts have commented on the company. ValuEngine cut Wendys from a buy rating to a hold rating in a research note on Thursday, August 1st. BidaskClub raised Wendys from a sell rating to a hold rating in a research note on Tuesday. Credit Suisse Group assumed coverage on Wendys in a research note on Tuesday, June 25th. They issued a neutral rating and a $20.00 price target on the stock. Wedbush reaffirmed a hold rating and issued a $20.00 price target on shares of Wendys in a research note on Wednesday, May 8th. Finally, Stephens lifted their price target on Wendys to $22.00 and gave the stock an overweight rating in a research note on Thursday, May 9th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have given a buy rating to the company. Wendys has an average rating of Hold and a consensus price target of $20.19.
Shares of WEN stock traded down $0.12 during trading hours on Friday, reaching $19.84. The company’s stock had a trading volume of 3,766,104 shares, compared to its average volume of 2,678,999. The company has a market capitalization of $4.52 billion, a PE ratio of 33.63, a P/E/G ratio of 2.17 and a beta of 0.72. Wendys has a one year low of $14.96 and a one year high of $20.30. The business’s fifty day moving average is $19.15. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.97 and a quick ratio of 2.04.
Wendys (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.17 by $0.01. The firm had revenue of $435.30 million for the quarter, compared to analyst estimates of $439.64 million. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the company earned $0.14 EPS. Analysts expect that Wendys will post 0.63 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be given a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.02%. Wendys’s dividend payout ratio is currently 67.80%.
In other news, COO Robert D. Wright sold 454,793 shares of Wendys stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $18.60, for a total value of $8,459,149.80. Following the sale, the chief operating officer now directly owns 237,425 shares in the company, valued at approximately $4,416,105. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Robert D. Wright sold 109,110 shares of Wendys stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $18.58, for a total value of $2,027,263.80. Following the completion of the sale, the chief operating officer now owns 237,425 shares in the company, valued at $4,411,356.50. The disclosure for this sale can be found here. 20.90% of the stock is currently 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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