Equities research analysts expect that Wingstop Inc (NASDAQ:WING) will announce earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Ten analysts have provided estimates for Wingstop’s earnings, with estimates ranging from $0.16 to $0.19. Wingstop posted earnings of $0.15 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The firm is scheduled to report its next earnings report on Wednesday, February 26th.
On average, analysts expect that Wingstop will report full-year earnings of $0.76 per share for the current year, with EPS estimates ranging from $0.73 to $0.78. For the next year, analysts anticipate that the firm will post earnings of $0.92 per share, with EPS estimates ranging from $0.88 to $1.01. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that follow Wingstop.
Wingstop (NASDAQ:WING) last issued its earnings results on Wednesday, October 30th. The restaurant operator reported $0.20 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.17 by $0.03. Wingstop had a net margin of 10.61% and a negative return on equity of 9.95%. The business had revenue of $49.88 million during the quarter, compared to the consensus estimate of $49.26 million. During the same period last year, the business posted $0.21 EPS. Wingstop’s revenue was up 30.4% on a year-over-year basis.
In other Wingstop news, CEO Charles R. Morrison sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $101.06, for a total value of $111,166.00. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Michael Skipworth sold 2,000 shares of the firm’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $82.42, for a total transaction of $164,840.00. The disclosure for this sale can be found here. Insiders sold 23,100 shares of company stock worth $1,792,006 in the last 90 days. Company insiders own 1.00% of the company’s stock.
A number of institutional investors have recently modified their holdings of WING. Smithfield Trust Co. boosted its position in Wingstop by 1,090.0% in the third quarter. Smithfield Trust Co. now owns 1,190 shares of the restaurant operator’s stock valued at $104,000 after buying an additional 1,090 shares in the last quarter. Tower Research Capital LLC TRC acquired a new stake in Wingstop in the second quarter valued at approximately $110,000. Centaurus Financial Inc. acquired a new stake in Wingstop in the second quarter valued at approximately $127,000. Russell Investments Group Ltd. acquired a new stake in Wingstop in the third quarter valued at approximately $153,000. Finally, Tower Research Capital LLC TRC boosted its position in Wingstop by 57.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,829 shares of the restaurant operator’s stock valued at $160,000 after buying an additional 669 shares in the last quarter.
NASDAQ:WING traded down $1.95 during mid-day trading on Friday, hitting $75.98. The stock had a trading volume of 446,100 shares, compared to its average volume of 492,645. Wingstop has a twelve month low of $56.95 and a twelve month high of $107.43. The company’s 50 day simple moving average is $86.28 and its 200 day simple moving average is $89.36. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 90.45, a PEG ratio of 5.91 and a beta of 0.79.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be given a $0.11 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.44 dividend on an annualized basis and a yield of 0.58%. Wingstop’s dividend payout ratio is currently 52.38%.
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer cooked-to-order, hand-sauced, and tossed chicken wings. As of December 29, 2018, the company operated approximately 1,252 restaurants in the United States, Mexico, Panama, Singapore, Indonesia, the United Arab Emirates, the United Kingdom, Malaysia, Saudi Arabia, and Colombia.
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