Wall Street analysts forecast that The Wendy’s Company (NASDAQ:WEN) will report earnings per share (EPS) of $0.18 for the current fiscal quarter, Zacks Investment Research reports. Eight analysts have made estimates for The Wendy’s’ earnings, with the lowest EPS estimate coming in at $0.16 and the highest estimate coming in at $0.22. The Wendy’s posted earnings of $0.12 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 50%. The firm is scheduled to report its next earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that The Wendy’s will report full year earnings of $0.72 per share for the current year, with EPS estimates ranging from $0.67 to $0.74. For the next fiscal year, analysts anticipate that the company will report earnings of $0.83 per share, with EPS estimates ranging from $0.77 to $0.91. Zacks’ EPS averages are an average based on a survey of research analysts that follow The Wendy’s.
The Wendy’s (NASDAQ:WEN) last announced its earnings results on Wednesday, May 12th. The restaurant operator reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. The business had revenue of $460.20 million during the quarter, compared to the consensus estimate of $443.02 million. The Wendy’s had a net margin of 6.70% and a return on equity of 21.11%. The business’s quarterly revenue was up 13.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.09 earnings per share.
Shares of WEN stock opened at $23.40 on Friday. The company has a market capitalization of $5.18 billion, a P/E ratio of 48.75, a price-to-earnings-growth ratio of 3.58 and a beta of 1.05. The company has a current ratio of 1.42, a quick ratio of 1.41 and a debt-to-equity ratio of 5.64. The business’s 50 day moving average is $21.93 and its two-hundred day moving average is $21.62. The Wendy’s has a twelve month low of $18.86 and a twelve month high of $24.91.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 15th. Investors of record on Tuesday, June 1st will be given a $0.10 dividend. The ex-dividend date is Friday, May 28th. This is a positive change from The Wendy’s’s previous quarterly dividend of $0.09. This represents a $0.40 annualized dividend and a dividend yield of 1.71%. The Wendy’s’s payout ratio is currently 61.02%.
In other The Wendy’s news, insider E.J. Wunsch bought 7,500 shares of the business’s stock in a transaction on Friday, March 5th. The stock was bought at an average price of $18.98 per share, for a total transaction of $142,350.00. Following the completion of the transaction, the insider now owns 80,477 shares in the company, valued at approximately $1,527,453.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 20.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Vectors Research Management LLC raised its position in The Wendy’s by 154.5% during the fourth quarter. Vectors Research Management LLC now owns 1,652 shares of the restaurant operator’s stock worth $36,000 after acquiring an additional 1,003 shares during the last quarter. Wolverine Asset Management LLC acquired a new position in shares of The Wendy’s in the first quarter valued at approximately $40,000. International Assets Investment Management LLC acquired a new position in shares of The Wendy’s in the fourth quarter valued at approximately $53,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of The Wendy’s in the fourth quarter valued at approximately $60,000. Finally, Pflug Koory LLC raised its position in shares of The Wendy’s by 30.4% in the fourth quarter. Pflug Koory LLC now owns 3,657 shares of the restaurant operator’s stock valued at $80,000 after buying an additional 852 shares during the last quarter. Institutional investors own 69.37% of the company’s stock.
About The Wendy’s
The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.
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