Yum! Brands (YUM) Announces Quarterly Earnings, Misses Expectations By $0.08 EPS
Yum! Brands (NYSE:YUM) issued its quarterly earnings data on Wednesday. The company reported $0.85 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.93 by $0.08, Analyst RN reports. The company had revenue of $3.47 billion for the quarter, compared to the consensus estimate of $3.53 billion. During the same quarter last year, the company posted $0.99 earnings per share. Yum! Brands’s revenue was down 2.9% compared to the same quarter last year.
Shares of Yum! Brands (NYSE:YUM) opened at 71.67 on Wednesday. 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 $71.61 and a 200-day moving average of $70.56. The company has a market cap of $31.981 billion and a price-to-earnings ratio of 23.32. Yum! Brands also was the target of unusually large options trading on Tuesday. Stock investors bought 15,096 call options on the stock. This is an increase of approximately 519% compared to the typical daily volume of 2,438 call options.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders 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 boost from Yum! Brands’s previous quarterly dividend of $0.34.
A number of analysts have recently weighed in on YUM shares. 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 analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price 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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