Brokerages expect Yum! Brands, Inc. (NYSE:YUM) to announce earnings per share of $0.65 for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Yum! Brands’ earnings, with the highest EPS estimate coming in at $0.72 and the lowest estimate coming in at $0.59. Yum! Brands reported earnings of $1.09 per share in the same quarter last year, which would suggest a negative year over year growth rate of 40.4%. The company is scheduled to issue its next earnings report on Wednesday, October 4th.

On average, analysts expect that Yum! Brands will report full-year earnings of $2.80 per share for the current fiscal year, with EPS estimates ranging from $2.72 to $2.87. For the next fiscal year, analysts anticipate that the business will post earnings of $3.20 per share, with EPS estimates ranging from $3.13 to $3.25. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Yum! Brands.

Yum! Brands (NYSE:YUM) last posted its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The company had revenue of $1.45 billion during the quarter, compared to analyst estimates of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business’s revenue was down 4.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 earnings per share.

A number of research analysts have commented on the stock. BidaskClub upgraded shares of Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Zacks Investment Research raised shares of Yum! Brands from a “hold” rating to a “buy” rating and set a $85.00 price objective for the company in a report on Tuesday, August 1st. Barclays PLC raised their price objective on shares of Yum! Brands from $72.00 to $74.00 and gave the stock an “equal weight” rating in a report on Friday. BMO Capital Markets raised their price objective on shares of Yum! Brands from $66.00 to $77.00 and gave the stock a “market perform” rating in a report on Thursday, August 3rd. Finally, Royal Bank Of Canada reaffirmed a “buy” rating and set a $83.00 price objective on shares of Yum! Brands in a report on Friday. Fourteen research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $78.68.

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Yum! Brands (NYSE YUM) opened at 74.99 on Tuesday. The company has a market capitalization of $26.11 billion, a price-to-earnings ratio of 18.88 and a beta of 0.82. The stock’s 50 day moving average price is $74.01 and its 200 day moving average price is $68.62. Yum! Brands has a 12-month low of $59.57 and a 12-month high of $91.99.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 4th. Shareholders of record on Friday, July 14th were paid a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, July 12th. This represents a $1.20 dividend on an annualized basis and a yield of 1.60%. Yum! Brands’s payout ratio is presently 33.15%.

In other news, CFO David W. Gibbs sold 8,125 shares of Yum! Brands stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $68.83, for a total transaction of $559,243.75. Following the transaction, the chief financial officer now directly owns 39,181 shares of the company’s stock, valued at $2,696,828.23. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of Yum! Brands stock in a transaction on Monday, July 3rd. The stock was sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now directly owns 6,719 shares in the company, valued at $495,996.58. The disclosure for this sale can be found here. Over the last three months, insiders have sold 11,083 shares of company stock worth $775,868. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently made changes to their positions in YUM. BlackRock Inc. boosted its position in shares of Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock worth $1,281,452,000 after buying an additional 19,249,564 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Yum! Brands by 11.9% in the first quarter. Bank of New York Mellon Corp now owns 7,100,759 shares of the restaurant operator’s stock worth $453,737,000 after buying an additional 755,288 shares in the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Yum! Brands by 0.3% in the first quarter. Loomis Sayles & Co. L P now owns 6,379,688 shares of the restaurant operator’s stock worth $407,662,000 after buying an additional 17,799 shares in the last quarter. Morgan Stanley boosted its position in shares of Yum! Brands by 82.4% in the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock worth $303,987,000 after buying an additional 2,148,751 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Yum! Brands by 6.0% in the first quarter. Geode Capital Management LLC now owns 3,024,137 shares of the restaurant operator’s stock worth $192,940,000 after buying an additional 170,079 shares in the last quarter. 73.75% of the stock is currently owned by institutional investors.

About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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