Wendy’s Company (The) (WEN) Issues FY17 Earnings Guidance
Wendy’s Company (The) (NASDAQ:WEN) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $0.40-0.47 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.46.
Several equities analysts have recently weighed in on the stock. Stephens increased their price objective on shares of Wendy’s Company (The) from $16.00 to $18.00 and gave the stock an overweight rating in a research note on Thursday, May 11th. BMO Capital Markets assumed coverage on shares of Wendy’s Company (The) in a research note on Friday, April 21st. They issued an outperform rating and a $17.00 price objective on the stock. Royal Bank Of Canada increased their price objective on shares of Wendy’s Company (The) from $11.00 to $15.00 and gave the stock a sector perform rating in a research note on Thursday, May 11th. Vetr cut shares of Wendy’s Company (The) from a strong-buy rating to a buy rating and set a $16.92 price objective on the stock. in a research note on Monday, May 8th. Finally, BidaskClub cut shares of Wendy’s Company (The) from a strong-buy rating to a buy rating in a research note on Tuesday, June 13th. Nine research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of $15.73.
Shares of Wendy’s Company (NASDAQ WEN) traded up 2.83% during midday trading on Wednesday, reaching $15.65. 3,623,030 shares of the company’s stock were exchanged. Wendy’s Company has a one year low of $9.39 and a one year high of $16.66. The company’s 50-day moving average is $15.54 and its 200-day moving average is $14.66. The stock has a market cap of $3.84 billion, a P/E ratio of 31.74 and a beta of 0.97.
Wendy’s Company (The) (NASDAQ:WEN) last announced its earnings results on Wednesday, August 9th. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. The business had revenue of $320.34 million during the quarter. Wendy’s Company (The) had a return on equity of 16.31% and a net margin of 9.43%. The company’s quarterly revenue was down 16.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.10 earnings per share. Equities analysts expect that Wendy’s Company will post $0.46 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Wednesday, August 30th. Wendy’s Company (The)’s payout ratio is 58.33%.
In related news, major shareholder Trian Partners Parallel Fund I sold 5,500,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was sold at an average price of $15.97, for a total transaction of $87,835,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.50% of the stock is currently owned by insiders.
About Wendy’s Company (The)
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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