Yum! Brands, Inc. (YUM) to Release Quarterly Earnings on Tuesday
Yum! Brands, Inc. (NYSE:YUM) will be releasing its earnings data before the market opens on Tuesday, October 3rd. Analysts expect Yum! Brands to post earnings of $0.66 per share for the quarter.
Yum! Brands (NYSE:YUM) last issued its quarterly earnings data on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion for the quarter, compared to analysts’ expectations of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’s quarterly revenue was down 4.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, analysts expect Yum! Brands to post $2.81 EPS for the current fiscal year and $3.18 EPS for the next fiscal year.
Yum! Brands, Inc. (NYSE YUM) opened at 73.61 on Friday. The firm’s 50 day moving average price is $76.04 and its 200-day moving average price is $71.06. The firm has a market cap of $25.38 billion, a PE ratio of 19.54 and a beta of 0.83. Yum! Brands, Inc. has a 52 week low of $59.57 and a 52 week high of $78.14.
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In other Yum! Brands news, CFO David W. Gibbs sold 8,336 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now owns 39,664 shares in the company, valued at $2,935,136. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the firm’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at approximately $495,996.58. The disclosure for this sale can be found here. 7.38% of the stock is currently owned by company insiders.
A number of equities analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $83.00 price target on the stock in a research note on Thursday, July 20th. CIBC upped their price target on shares of Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a research note on Friday, September 8th. BidaskClub raised shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 24th. Mizuho assumed coverage on shares of Yum! Brands in a research report on Thursday, June 8th. They set a “neutral” rating and a $74.00 target price on the stock. Finally, BMO Capital Markets increased their target price on shares of Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a research report on Thursday, August 3rd. Fourteen research analysts have rated the stock with a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the company’s stock. Yum! Brands currently has an average rating of “Buy” and a consensus target price of $79.63.
About Yum! Brands
YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.
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