Oppenheimer Comments on Yum China Holdings Inc’s FY2018 Earnings (YUMC)
Yum China Holdings Inc (NYSE:YUMC) – Stock analysts at Oppenheimer cut their FY2018 earnings per share (EPS) estimates for Yum China in a research report issued to clients and investors on Friday, August 17th. Oppenheimer analyst B. Bittner now expects that the company will post earnings per share of $1.38 for the year, down from their previous forecast of $1.40. Oppenheimer currently has a “Market Perform” rating and a $33.00 target price on the stock. Oppenheimer also issued estimates for Yum China’s Q4 2018 earnings at $0.07 EPS and FY2019 earnings at $1.56 EPS.
Yum China (NYSE:YUMC) last issued its quarterly earnings data on Wednesday, August 1st. The company reported $0.36 EPS for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. Yum China had a net margin of 6.45% and a return on equity of 20.94%. The business had revenue of $2.07 billion for the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the business posted $0.27 earnings per share. The firm’s quarterly revenue was up 12.3% on a year-over-year basis.
Shares of NYSE:YUMC opened at $35.07 on Monday. Yum China has a 12 month low of $32.10 and a 12 month high of $48.75. The company has a current ratio of 1.74, a quick ratio of 1.51 and a debt-to-equity ratio of 0.01. The firm has a market cap of $13.20 billion, a P/E ratio of 24.70, a P/E/G ratio of 1.59 and a beta of 0.92.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 29th will be paid a $0.10 dividend. The ex-dividend date is Tuesday, August 28th. This represents a $0.40 annualized dividend and a yield of 1.14%. Yum China’s payout ratio is currently 28.17%.
In other Yum China news, CEO Joey Wat purchased 24,400 shares of the stock in a transaction on Thursday, June 7th. The shares were purchased at an average cost of $40.97 per share, for a total transaction of $999,668.00. Following the purchase, the chief executive officer now owns 21,991 shares of the company’s stock, valued at $900,971.27. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.37% of the stock is currently owned by insiders.
Hedge funds have recently modified their holdings of the business. WINTON GROUP Ltd grew its position in shares of Yum China by 65.9% in the 2nd quarter. WINTON GROUP Ltd now owns 389,042 shares of the company’s stock valued at $14,963,000 after acquiring an additional 154,549 shares during the period. Andra AP fonden grew its position in shares of Yum China by 44.7% in the 2nd quarter. Andra AP fonden now owns 194,800 shares of the company’s stock valued at $7,492,000 after acquiring an additional 60,200 shares during the period. Global X Management Co LLC bought a new position in shares of Yum China in the 2nd quarter valued at about $18,294,000. Amussen Hunsaker Associates LLC bought a new position in shares of Yum China in the 2nd quarter valued at about $130,000. Finally, Bank of Nova Scotia bought a new position in shares of Yum China in the 2nd quarter valued at about $451,000. Hedge funds and other institutional investors own 83.52% of the company’s stock.
About Yum China
Yum China Holdings, Inc owns, operates, and franchises restaurants in China. The company operates in two segments, KFC and Pizza Hut. It operates restaurants under the KFC, Pizza Hut, Taco Bell, East Dawning, and Little Sheep brands, which specialize in chicken, pizza, hot pot cooking, Chinese food, and Mexican-style food categories.
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