Zacks: Analysts Anticipate Yum! Brands, Inc. (YUM) to Post $0.80 EPS
Analysts expect Yum! Brands, Inc. (NYSE:YUM) to report earnings of $0.80 per share for the current fiscal quarter, according to Zacks Investment Research. Seven analysts have provided estimates for Yum! Brands’ earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.85. Yum! Brands reported earnings per share of $0.79 in the same quarter last year, which would suggest a positive year over year growth rate of 1.3%. The company is scheduled to report its next quarterly earnings report on Thursday, February 8th.
On average, analysts expect that Yum! Brands will report full-year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.86. For the next financial year, analysts forecast that the firm will post earnings of $3.18 per share, with EPS estimates ranging from $3.10 to $3.26. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.01. Yum! Brands had a negative return on equity of 17.19% and a net margin of 18.51%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.39 billion. During the same period in the previous year, the business posted $1.09 EPS. The firm’s quarterly revenue was down 5.4% compared to the same quarter last year.
Shares of Yum! Brands (NYSE:YUM) opened at $82.30 on Friday. Yum! Brands has a 52 week low of $62.36 and a 52 week high of $84.29. The stock has a market capitalization of $27,646.96, a PE ratio of 29.30, a P/E/G ratio of 2.29 and a beta of 0.89. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were given a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 1.46%. The ex-dividend date of this dividend was Tuesday, November 14th. Yum! Brands’s dividend payout ratio (DPR) is 37.04%.
Yum! Brands declared that its board has authorized a stock buyback program on Friday, November 17th that authorizes the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization authorizes the restaurant operator to repurchase shares of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s management believes its shares are undervalued.
In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now owns 39,396 shares of the company’s stock, valued at $3,173,741.76. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Brian R. Niccol sold 927 shares of the company’s stock in a transaction that occurred on Friday, December 1st. The stock was sold at an average price of $83.46, for a total value of $77,367.42. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 8,833 shares of company stock worth $711,907. 7.38% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. boosted its stake in Yum! Brands by 1.0% in the second quarter. Principal Financial Group Inc. now owns 985,546 shares of the restaurant operator’s stock worth $72,694,000 after buying an additional 9,754 shares in the last quarter. Teachers Advisors LLC boosted its stake in Yum! Brands by 25.7% in the second quarter. Teachers Advisors LLC now owns 556,212 shares of the restaurant operator’s stock worth $41,026,000 after buying an additional 113,582 shares in the last quarter. Whalerock Point Partners LLC boosted its stake in Yum! Brands by 3.0% in the second quarter. Whalerock Point Partners LLC now owns 8,500 shares of the restaurant operator’s stock worth $627,000 after buying an additional 250 shares in the last quarter. Delta Lloyd Asset Management N.V. purchased a new stake in Yum! Brands in the second quarter worth approximately $13,136,000. Finally, New England Private Wealth Advisors LLC purchased a new stake in Yum! Brands in the second quarter worth approximately $272,000. 73.91% of the stock is owned by institutional investors and hedge funds.
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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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