Wendys (WEN) Earning Somewhat Positive Press Coverage, Report Finds
Headlines about Wendys (NASDAQ:WEN) have trended somewhat positive this week, according to Accern. Accern ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Wendys earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media headlines about the restaurant operator an impact score of 46.254403552751 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s rankings:
- 26th Annual Professional Pianist Concert features Spencer Brewer, Wendy deWitt and more (willitsnews.com)
- Zacks: Brokerages Expect Wendys Co (WEN) Will Post Earnings of $0.12 Per Share (americanbankingnews.com)
- Wendy house rapist caged after horrific campaign of sex abuse (dailyrecord.co.uk)
- Omarosa Responds to Robin Robert’s ‘Bye Felicia’ Remarks, Wendy Williams & Sunny Hostin Chime In Too (atlantablackstar.com)
- The Wendy’s Company Reports on 2017 Corporate Social Responsibility Progress (finance.yahoo.com)
Several equities analysts have weighed in on WEN shares. BidaskClub lowered Wendys from a “hold” rating to a “sell” rating in a report on Saturday, September 9th. Longbow Research raised Wendys from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.23 to $18.00 in a report on Friday, September 15th. SunTrust Banks reissued a “buy” rating and set a $18.00 price objective on shares of Wendys in a report on Monday, October 2nd. Stifel Nicolaus started coverage on Wendys in a report on Monday, October 2nd. They set a “buy” rating and a $18.00 price objective for the company. Finally, Zacks Investment Research lowered Wendys from a “hold” rating to a “sell” rating in a report on Thursday, October 5th. Four analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the company. Wendys presently has a consensus rating of “Hold” and a consensus target price of $16.21.
Wendys (NASDAQ:WEN) traded up $0.15 during trading hours on Friday, hitting $15.51. The company’s stock had a trading volume of 5,479,463 shares, compared to its average volume of 3,388,159. The stock has a market capitalization of $3,720.14, a P/E ratio of 37.46, a P/E/G ratio of 2.70 and a beta of 0.93. Wendys has a 12-month low of $13.03 and a 12-month high of $16.66. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83.
Wendys (NASDAQ:WEN) last posted its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $308.00 million for the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. Wendys’s quarterly revenue was down 15.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.11 EPS. equities analysts forecast that Wendys will post 0.44 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.81%. Wendys’s dividend payout ratio is currently 112.00%.
In related news, insider E.J. Wunsch sold 3,548 shares of the stock in a transaction 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 filing with the SEC, which is available at the SEC website. Also, insider Scott A. Weisberg acquired 10,000 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 199,014 shares of the company’s stock, valued at approximately $2,843,910.06. The disclosure for this purchase can be found here. Corporate insiders own 26.50% of the company’s stock.
Wendys Company Profile
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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