Burger King Worldwide (BKW) to Release Quarterly Earnings on Friday
Burger King Worldwide (NYSE:BKW) will be announcing its Q114 earnings results on Friday, April 25th. Analysts expect the company to announce earnings of $0.19 per share and revenue of $242.00 million for the quarter.
Burger King Worldwide (NYSE:BKW) last posted its quarterly earnings results on Wednesday, February 19th. The company reported $0.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.21 by $0.03. 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 prior year, the company posted $0.23 earnings per share. The company’s quarterly revenue was down 34.4% on a year-over-year basis. On average, analysts expect Burger King Worldwide to post $0.94 EPS for the current fiscal year and $1.10 EPS for the next fiscal year.
Shares of Burger King Worldwide (NYSE:BKW) opened at 25.65 on Thursday. Burger King Worldwide has a one year low of $17.55 and a one year high of $27.97. The stock has a 50-day moving average of $26.36 and a 200-day moving average of $23.27. The company has a market cap of $9.024 billion and a price-to-earnings ratio of 40.11.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of Burger King Worldwide from $22.00 to $25.00 in a research note on Tuesday, April 15th. They now have an “equal weight” rating on the stock. On a related note, analysts at Zacks reiterated an “outperform” rating on shares of Burger King Worldwide in a research note on Friday, March 14th. They now have a $33.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Burger King Worldwide in a research note on Tuesday, February 18th. They now have a $30.00 price target on the stock, up previously from $25.00. Five analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $27.17.
Burger King Worldwide, Inc is a fast food hamburger restaurant, under the Burger King brand. The Company generates revenues from three sources: franchise revenues, consisting primarily of royalties based on a percentage of sales reported by franchise restaurants and fees paid by franchisees; property income from properties that it leases or subleases to franchisees, and retail sales at Company restaurants.
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