Yum! Brands (YUM) Announces Quarterly Results
Yum! Brands (NYSE:YUM) posted its quarterly earnings results on Tuesday. The company reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.06, American Banking and Market News reports. The company had revenue of $4.18 billion for the quarter, compared to the consensus estimate of $4.26 billion. During the same quarter in the previous year, the company posted $0.83 earnings per share. The company’s revenue for the quarter was up .6% on a year-over-year basis.
Yum! Brands (NYSE:YUM) opened at 66.16 on Tuesday. Yum! Brands has a 52-week low of $59.68 and a 52-week high of $78.68. The stock’s 50-day moving average is $72.35 and its 200-day moving average is $71.85. The company has a market cap of $29.463 billion and a P/E ratio of 28.13. Yum! Brands also was the recipient of unusually large options trading on Monday. Stock investors bought 19,821 put options on the stock. This is an increase of 121% compared to the typical volume of 8,985 put options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley downgraded shares of Yum! Brands from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, January 9th. They now have a $54.00 price target on the stock, down previously from $77.00. On the ratings front, analysts at UBS AG initiated coverage on shares of Yum! Brands in a research note to investors on Wednesday, January 8th. They set a “buy” rating and a $85.00 price target on the stock. Finally, analysts at Credit Suisse initiated coverage on shares of Yum! Brands in a research note to investors on Tuesday, January 7th. They set a “neutral” rating and a $79.00 price target on the stock. Sixteen research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $73.74.
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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