Wendys (NASDAQ:WEN) updated its FY 2019 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.61-0.63 for the period, compared to the Thomson Reuters consensus 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 brokerages recently issued reports on WEN. Zacks Investment Research raised Wendys from a hold rating to a buy rating and set a $20.00 target price on the stock in a research report on Saturday, June 15th. Goldman Sachs Group began coverage on Wendys in a research report on Monday, July 29th. They issued a sell rating and a $17.50 target price on the stock. BidaskClub raised Wendys from a sell rating to a hold rating in a research report on Tuesday. Piper Jaffray Companies began coverage on Wendys in a research report on Monday, May 13th. They issued an overweight rating and a $22.00 target price on the stock. Finally, Evercore ISI set a $20.00 target price on Wendys and gave the company a hold rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and thirteen have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $20.19.
WEN stock traded down $0.12 during mid-day trading on Friday, reaching $19.84. The company had a trading volume of 3,766,104 shares, compared to its average volume of 2,678,999. The company has a debt-to-equity ratio of 5.67, a current ratio of 1.97 and a quick ratio of 2.04. The stock’s 50 day moving average is $19.15. The company has a market capitalization of $4.52 billion, a P/E ratio of 33.63, a price-to-earnings-growth ratio of 2.17 and a beta of 0.72. Wendys has a 52 week low of $14.96 and a 52 week high of $20.30.
Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. Wendys had a return on equity of 23.16% and a net margin of 28.88%. The firm had revenue of $435.30 million during the quarter, compared to the consensus estimate of $439.64 million. During the same period last year, the company earned $0.14 earnings per share. The business’s revenue was up 5.9% compared to the same quarter last year. As a group, equities analysts expect that Wendys will post 0.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.10 per share. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 annualized dividend 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 transaction of $8,459,149.80. Following the completion of the transaction, 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 Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the chief operating officer now owns 237,425 shares of the company’s stock, valued at $4,411,356.50. The disclosure for this sale can be found here. Insiders own 20.90% of the company’s stock.
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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