Yum China Holdings Inc (YUMC) Announces Quarterly Earnings Results
Yum China Holdings Inc (NASDAQ:YUMC) posted its earnings results on Thursday. The company reported $0.52 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.56 by ($0.04), Bloomberg Earnings reports. The firm had revenue of $2.04 billion during the quarter, compared to analyst estimates of $1.98 billion. Yum China Holdings had a return on equity of 16.35% and a net margin of 7.09%. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter last year, the business posted $0.52 earnings per share.
Shares of Yum China Holdings (NASDAQ:YUMC) opened at 39.97 on Friday. The company’s 50 day moving average is $38.81 and its 200-day moving average is $38.81. The firm has a market capitalization of $15.32 billion and a price-to-earnings ratio of 29.39. Yum China Holdings has a one year low of $23.79 and a one year high of $40.99.
YUMC has been the topic of a number of research analyst reports. Citigroup Inc. initiated coverage on shares of Yum China Holdings in a report on Monday, September 18th. They set a “buy” rating and a $51.00 price objective on the stock. Deutsche Bank AG lowered shares of Yum China Holdings from a “buy” rating to a “hold” rating and raised their price objective for the stock from $34.72 to $36.61 in a report on Thursday, July 6th. Zacks Investment Research lowered shares of Yum China Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, September 6th. Oppenheimer Holdings, Inc. restated a “buy” rating and set a $43.00 price objective on shares of Yum China Holdings in a report on Friday, September 29th. Finally, Morgan Stanley restated an “overweight” rating and set a $41.00 price objective on shares of Yum China Holdings in a report on Friday, July 7th. Three analysts have rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $38.11.
In related news, insider Mark Chu sold 22,184 shares of the business’s stock in a transaction on Thursday, August 17th. The shares were sold at an average price of $37.72, for a total transaction of $836,780.48. Following the transaction, the insider now owns 23,457 shares in the company, valued at approximately $884,798.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
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Yum China Holdings Company Profile
Yum China Holdings, Inc is a restaurant company. The Company’s segments include KFC, Pizza Hut Casual Dining, and All Other Segments, including Pizza Hut Home Service, East Dawning, Little Sheep and Taco Bell. As of December 31, 2016, the Company had over 7,500 restaurants in China. Its restaurant base consists of various restaurant concepts.
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