Noodles & Co (NDLS) Expected to Post Quarterly Sales of $112.85 Million
Wall Street analysts expect that Noodles & Co (NASDAQ:NDLS) will report $112.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Noodles & Co’s earnings, with the highest sales estimate coming in at $116.59 million and the lowest estimate coming in at $110.23 million. Noodles & Co reported sales of $129.40 million in the same quarter last year, which indicates a negative year over year growth rate of 12.8%. The business is scheduled to issue its next quarterly earnings results on Wednesday, March 7th.
According to Zacks, analysts expect that Noodles & Co will report full-year sales of $112.85 million for the current fiscal year, with estimates ranging from $453.95 million to $461.98 million. For the next financial year, analysts forecast that the firm will report sales of $463.07 million per share, with estimates ranging from $456.52 million to $467.10 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings data on Thursday, November 9th. The restaurant operator reported $0.02 EPS for the quarter, hitting the consensus estimate of $0.02. The company had revenue of $114.20 million for the quarter, compared to the consensus estimate of $114.45 million. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. Noodles & Co’s quarterly revenue was down 6.9% on a year-over-year basis. During the same period last year, the business posted ($0.04) EPS.
Noodles & Co (NASDAQ:NDLS) opened at $5.55 on Thursday. The company has a market capitalization of $228.16, a price-to-earnings ratio of -1.83, a price-to-earnings-growth ratio of 8.03 and a beta of -0.43. Noodles & Co has a fifty-two week low of $3.16 and a fifty-two week high of $6.00. The company has a current ratio of 0.57, a quick ratio of 0.31 and a debt-to-equity ratio of 1.78.
A number of hedge funds and other institutional investors have recently made changes to their positions in NDLS. Schwab Charles Investment Management Inc. boosted its position in Noodles & Co by 52.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock valued at $105,000 after acquiring an additional 9,287 shares in the last quarter. Royce & Associates LP bought a new stake in Noodles & Co during the 2nd quarter valued at $146,000. Northern Trust Corp boosted its position in Noodles & Co by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock valued at $596,000 after acquiring an additional 491 shares in the last quarter. Vanguard Group Inc. boosted its position in Noodles & Co by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 434,577 shares of the restaurant operator’s stock valued at $1,694,000 after acquiring an additional 28,054 shares in the last quarter. Finally, State Street Corp boosted its position in Noodles & Co by 4.6% during the 2nd quarter. State Street Corp now owns 178,219 shares of the restaurant operator’s stock valued at $698,000 after acquiring an additional 7,823 shares in the last quarter. 66.69% of the stock is currently owned by institutional investors and hedge funds.
Noodles & Co Company Profile
Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.
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