Burger King Worldwide (BKW) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Burger King Worldwide (NYSE:BKW) announced its earnings results on Wednesday. The company reported $0.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.03, AnalystRatingsNetwork.com reports. The company had revenue of $265.20 million for the quarter, compared to the consensus estimate of $267.25 million. During the same quarter in the previous year, the company posted $0.23 earnings per share. The company’s revenue for the quarter was down 34.4% on a year-over-year basis.
A number of analysts have recently weighed in on BKW shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Burger King Worldwide in a research note on Tuesday. They now have a $30.00 price target on the stock, up previously from $25.00. On a related note, analysts at UBS AG raised their price target on shares of Burger King Worldwide to $30.00 in a research note on Friday, February 14th. They now have a “buy” rating on the stock. Finally, analysts at UBS AG raised their price target on shares of Burger King Worldwide from $26.00 to $28.00 in a research note on Thursday, January 30th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.36.
Burger King Worldwide (NYSE:BKW) opened at 26.37 on Wednesday. Burger King Worldwide has a 52-week low of $17.37 and a 52-week high of $26.45. The stock’s 50-day moving average is $23.70 and its 200-day moving average is $21.10. The company has a market cap of $9.277 billion and a P/E ratio of 39.62.
Burger King Worldwide, Inc (NYSE:BKW), formerly Justice Delaware Holdco Inc, is a fast food hamburger chain.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.