Yum! Brands (YUM) to Release Earnings on Wednesday
Yum! Brands (NYSE:YUM) will release its Q313 earnings data on Wednesday, October 9th. Analysts expect Yum! Brands to post earnings of $0.93 per share and revenue of $3.53 billion for the quarter. Investors interested in participating in the company’s conference call can do so using this link.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings results on Wednesday, July 10th. The company reported $0.56 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.02. The company had revenue of $2.90 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter last year, the company posted $0.67 earnings per share. Yum! Brands’s revenue was down 8.3% compared to the same quarter last year.
Yum! Brands (NYSE:YUM) opened at 71.43 on Tuesday. Yum! Brands has a 1-year low of $59.68 and a 1-year high of $75.13. The stock has a 50-day moving average of $71.63 and a 200-day moving average of $70.54. The company has a market cap of $31.874 billion and a P/E ratio of 23.35.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Shareholders of record on Friday, October 11th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.07%. The ex-dividend date is Wednesday, October 9th. This is a positive change from Yum! Brands’s previous quarterly dividend of $0.34.
YUM has been the subject of a number of recent research reports. Analysts at Jefferies Group cut their EPS estimates on shares of Yum! Brands in a research note on Tuesday. They now have a “hold” rating on the stock. Finally, analysts at Buckingham Research downgraded shares of Yum! Brands from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, August 13th. Sixteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $74.75.
Yum! Brands, Inc (NYSE:YUM) is a quick service restaurant company based on number of system units, with approximately 37,000 units in more than 120 countries and territories.
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