Wall Street brokerages expect Wendys Co (NASDAQ:WEN) to announce sales of $430.03 million for the current quarter, Zacks reports. Eight analysts have provided estimates for Wendys’ earnings, with the lowest sales estimate coming in at $426.56 million and the highest estimate coming in at $431.80 million. Wendys reported sales of $400.55 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 7.4%. The firm is scheduled to issue its next earnings results on Tuesday, November 5th.

On average, analysts expect that Wendys will report full-year sales of $1.70 billion for the current financial year, with estimates ranging from $1.69 billion to $1.70 billion. For the next fiscal year, analysts forecast that the business will report sales of $1.78 billion, with estimates ranging from $1.76 billion to $1.80 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that follow Wendys.

Wendys (NASDAQ:WEN) last issued its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.17 by $0.01. The company had revenue of $435.30 million during the quarter, compared to analyst estimates of $439.64 million. Wendys had a net margin of 28.88% and a return on equity of 23.16%. Wendys’s quarterly revenue was up 5.9% compared to the same quarter last year. During the same period last year, the business earned $0.14 EPS.

A number of equities research analysts have commented on WEN shares. ValuEngine cut shares of Wendys from a “buy” rating to a “hold” rating in a research note on Tuesday. JPMorgan Chase & Co. raised their target price on shares of Wendys from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Friday, June 28th. SunTrust Banks lifted their price objective on shares of Wendys from $22.00 to $24.00 and gave the stock a “buy” rating in a research note on Tuesday. Longbow Research reissued a “buy” rating on shares of Wendys in a research note on Wednesday, September 4th. Finally, Oppenheimer set a $24.00 price objective on Wendys and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and twelve have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $20.83.

In related news, Director Matthew H. Peltz sold 2,000,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $19.97, for a total value of $39,940,000.00. Following the transaction, the director now owns 5,444,270 shares of the company’s stock, valued at $108,722,071.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Trian Fund Management, L.P. sold 475,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $19.90, for a total transaction of $9,452,500.00. Following the completion of the transaction, the insider now directly owns 5,444,270 shares in the company, valued at approximately $108,340,973. The disclosure for this sale can be found here. 20.90% of the stock is currently owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. Coastal Capital Group Inc. bought a new position in Wendys in the second quarter worth about $30,000. Coastal Investment Advisors Inc. boosted its position in Wendys by 116.6% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 1,817 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 978 shares in the last quarter. Advisory Services Network LLC boosted its position in Wendys by 65.2% in the 2nd quarter. Advisory Services Network LLC now owns 2,151 shares of the restaurant operator’s stock worth $43,000 after purchasing an additional 849 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new stake in Wendys in the 1st quarter worth approximately $58,000. Finally, Carroll Financial Associates Inc. boosted its position in Wendys by 226.6% in the 2nd quarter. Carroll Financial Associates Inc. now owns 3,831 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 2,658 shares in the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.

Shares of NASDAQ WEN traded up $0.03 during trading on Monday, reaching $19.65. 3,926,361 shares of the company traded hands, compared to its average volume of 3,244,092. The firm has a 50 day simple moving average of $20.25 and a 200-day simple moving average of $18.92. The company has a quick ratio of 1.96, a current ratio of 1.97 and a debt-to-equity ratio of 5.67. The stock has a market capitalization of $4.52 billion, a PE ratio of 33.31, a P/E/G ratio of 2.43 and a beta of 0.66. Wendys has a 52-week low of $14.96 and a 52-week high of $22.84.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be paid a $0.10 dividend. The ex-dividend date of this dividend is Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a yield of 2.04%. Wendys’s dividend payout ratio is presently 67.80%.

About Wendys

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

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Earnings History and Estimates for Wendys (NASDAQ:WEN)

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