Noodles & Co (NDLS) Expected to Announce Quarterly Sales of $110.99 Million
Wall Street brokerages expect Noodles & Co (NASDAQ:NDLS) to announce sales of $110.99 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Noodles & Co’s earnings. The lowest sales estimate is $110.23 million and the highest is $111.74 million. Noodles & Co reported sales of $129.40 million in the same quarter last year, which would suggest a negative year over year growth rate of 14.2%. The business is scheduled to announce its next earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Noodles & Co will report full-year sales of $110.99 million for the current year, with estimates ranging from $453.95 million to $458.90 million. For the next year, analysts forecast that the business will report sales of $463.13 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Noodles & Co.
A number of research analysts have commented on NDLS shares. Zacks Investment Research lowered Noodles & Co from a “hold” rating to a “sell” rating in a research report on Tuesday, November 14th. Citigroup upped their price target on Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a research report on Monday, November 20th. SunTrust Banks reaffirmed a “hold” rating and set a $6.00 price target on shares of Noodles & Co in a research report on Wednesday, January 3rd. BMO Capital Markets set a $4.00 price target on Noodles & Co and gave the company a “hold” rating in a research report on Friday, November 10th. Finally, BidaskClub lowered Noodles & Co from a “strong-buy” rating to a “buy” rating in a research report on Sunday. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $5.00.
Noodles & Co (NASDAQ:NDLS) remained flat at $$6.15 on Wednesday. 21,300 shares of the company were exchanged, compared to its average volume of 63,458. The firm has a market cap of $243.52, a P/E ratio of -2.02, a price-to-earnings-growth ratio of 8.95 and a beta of -0.26. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. Noodles & Co has a twelve month low of $3.16 and a twelve month high of $6.35.
About Noodles & Co
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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