$315.65 Million in Sales Expected for Wendys Co (WEN) This Quarter
Equities research analysts predict that Wendys Co (NASDAQ:WEN) will report sales of $315.65 million for the current quarter, Zacks reports. Five analysts have provided estimates for Wendys’ earnings, with the highest sales estimate coming in at $319.58 million and the lowest estimate coming in at $309.14 million. Wendys reported sales of $309.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.9%. The firm is expected to announce its next quarterly earnings report on Thursday, February 15th.
On average, analysts expect that Wendys will report full year sales of $315.65 million for the current fiscal year, with estimates ranging from $1.22 billion to $1.23 billion. For the next year, analysts expect that the company will report sales of $1.27 billion per share, with estimates ranging from $1.24 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of research firms that follow Wendys.
Wendys (NASDAQ:WEN) last released its quarterly earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.12 by ($0.03). Wendys had a net margin of 5.20% and a return on equity of 20.35%. The business had revenue of $308.00 million during the quarter. During the same quarter in the prior year, the firm posted $0.11 earnings per share. The firm’s quarterly revenue was down 15.4% on a year-over-year basis.
In other news, insider E.J. Wunsch sold 3,548 shares of Wendys stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total value of $54,745.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Scott A. Weisberg acquired 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the completion of the transaction, the insider now owns 199,014 shares in the company, valued at approximately $2,843,910.06. The disclosure for this purchase can be found here. 26.50% of the stock is owned by company insiders.
Several hedge funds have recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Wendys by 0.3% in the 2nd quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after buying an additional 41,702 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Wendys during the second quarter valued at approximately $189,448,000. Wells Fargo & Company MN boosted its position in shares of Wendys by 4.3% during the third quarter. Wells Fargo & Company MN now owns 7,960,038 shares of the restaurant operator’s stock valued at $123,620,000 after purchasing an additional 329,659 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Wendys by 11.0% during the second quarter. Goldman Sachs Group Inc. now owns 2,095,403 shares of the restaurant operator’s stock valued at $32,500,000 after purchasing an additional 207,563 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its position in shares of Wendys by 92.4% during the third quarter. Canada Pension Plan Investment Board now owns 1,434,000 shares of the restaurant operator’s stock valued at $22,270,000 after purchasing an additional 688,700 shares in the last quarter. Hedge funds and other institutional investors own 76.42% of the company’s stock.
Wendys (NASDAQ:WEN) traded up $0.15 during trading hours on Monday, hitting $15.51. The company’s stock had a trading volume of 6,326,500 shares, compared to its average volume of 2,945,143. Wendys has a 1 year low of $13.03 and a 1 year high of $16.66. The stock has a market cap of $3,756.48, a PE ratio of 37.83, a P/E/G ratio of 2.73 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83.
The business also recently declared a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were given a dividend of $0.07 per share. The ex-dividend date was Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.81%. Wendys’s payout ratio is 112.00%.
The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.
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