Wendy’s (NASDAQ:WEN) Releases FY 2021 Earnings Guidance

Wendy’s (NASDAQ:WEN) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $0.790-$0.800 for the period, compared to the Thomson Reuters consensus estimate of $0.820. The company issued revenue guidance of -.

Shares of WEN stock traded up $0.02 during trading hours on Thursday, reaching $21.90. The company’s stock had a trading volume of 1,530,418 shares, compared to its average volume of 3,308,868. The stock has a market capitalization of $4.83 billion, a P/E ratio of 26.71, a P/E/G ratio of 1.89 and a beta of 0.95. Wendy’s has a one year low of $18.86 and a one year high of $29.46. The firm’s fifty day simple moving average is $22.18 and its 200 day simple moving average is $22.82. The company has a current ratio of 2.07, a quick ratio of 2.24 and a debt-to-equity ratio of 5.32.

Wendy’s (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, November 10th. The restaurant operator reported $0.19 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.18 by $0.01. Wendy’s had a return on equity of 34.33% and a net margin of 9.85%. During the same period last year, the company posted $0.19 EPS. As a group, equities research analysts forecast that Wendy’s will post 0.82 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 15th. Stockholders of record on Wednesday, December 1st will be given a $0.12 dividend. The ex-dividend date is Tuesday, November 30th. This represents a $0.48 dividend on an annualized basis and a dividend yield of 2.19%. Wendy’s’s dividend payout ratio is currently 58.54%.

Several equities research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lifted their price target on Wendy’s from $25.00 to $26.00 and gave the company a buy rating in a research report on Thursday, August 12th. Morgan Stanley lifted their price target on Wendy’s from $24.00 to $26.00 and gave the company an equal weight rating in a research report on Thursday, August 12th. Royal Bank of Canada dropped their price target on Wendy’s from $26.00 to $24.00 and set a sector perform rating on the stock in a research report on Thursday, November 11th. Guggenheim lifted their price target on Wendy’s from $26.00 to $27.00 and gave the company a buy rating in a research report on Thursday, August 12th. Finally, Loop Capital assumed coverage on Wendy’s in a research report on Tuesday, October 5th. They set a buy rating and a $31.00 price target on the stock. Seven research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of Buy and an average price target of $27.38.

In other Wendy’s news, major shareholder Trian Fund Management, L.P. sold 134,237 shares of the business’s stock in a transaction dated Tuesday, September 7th. The stock was sold at an average price of $22.86, for a total transaction of $3,068,657.82. Following the completion of the sale, the insider now owns 240,365 shares of the company’s stock, valued at $5,494,743.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nelson Peltz sold 144,038 shares of the business’s stock in a transaction dated Wednesday, September 8th. The shares were sold at an average price of $22.92, for a total value of $3,301,350.96. Following the sale, the director now directly owns 5,465,233 shares of the company’s stock, valued at approximately $125,263,140.36. The disclosure for this sale can be found here. Insiders sold 660,678 shares of company stock valued at $15,310,591 in the last 90 days. Company insiders own 21.20% of the company’s stock.

A hedge fund recently raised its stake in Wendy’s stock. BNP Paribas Arbitrage SA lifted its holdings in The Wendy’s Company (NASDAQ:WEN) by 3.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,237 shares of the restaurant operator’s stock after acquiring an additional 641 shares during the period. BNP Paribas Arbitrage SA’s holdings in Wendy’s were worth $395,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 67.33% of the company’s stock.

Wendy’s Company Profile

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.

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Earnings History and Estimates for Wendy's (NASDAQ:WEN)

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