Wendy’s Company (The) (WEN) Issues Quarterly Earnings Results, Misses Estimates By $0.03 EPS
Wendy’s Company (The) (NASDAQ:WEN) announced its quarterly earnings results on Wednesday. The restaurant operator reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.12 by ($0.03), Bloomberg Earnings reports. Wendy’s Company (The) had a return on equity of 19.85% and a net margin of 5.20%. The firm had revenue of $308.00 million for the quarter, compared to analyst estimates of $308.59 million. During the same quarter in the prior year, the company earned $0.11 earnings per share. The business’s revenue was down 15.4% compared to the same quarter last year. Wendy’s Company (The) updated its FY17 guidance to $0.43-0.45 EPS.
Shares of Wendy’s Company (WEN) traded down $0.19 on Friday, reaching $14.50. The company had a trading volume of 4,060,085 shares, compared to its average volume of 2,828,500. Wendy’s Company has a 1 year low of $11.20 and a 1 year high of $16.66. The company has a quick ratio of 1.91, a current ratio of 1.92 and a debt-to-equity ratio of 5.54. The company has a market capitalization of $3,511.85, a price-to-earnings ratio of 35.37, a price-to-earnings-growth ratio of 2.46 and a beta of 0.94.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be paid a dividend of $0.07 per share. The ex-dividend date is Thursday, November 30th. This represents a $0.28 annualized dividend and a yield of 1.93%. Wendy’s Company (The)’s dividend payout ratio is 112.00%.
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WEN has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, July 20th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a report on Tuesday, July 25th. Wedbush reaffirmed a “hold” rating on shares of Wendy’s Company (The) in a report on Wednesday, August 9th. UBS AG reaffirmed a “sell” rating and set a $13.00 target price (up previously from $12.00) on shares of Wendy’s Company (The) in a report on Thursday, August 10th. Finally, BMO Capital Markets reissued a “buy” rating on shares of Wendy’s Company (The) in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, eleven have given a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.97.
In related news, insider E.J. Wunsch sold 3,548 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $15.43, for a total transaction of $54,745.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 26.50% of the company’s stock.
About Wendy’s Company (The)
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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