Brokerages expect that Wendy’s Company (The) (NASDAQ:WEN) will report $307.50 million in sales for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Wendy’s Company (The)’s earnings, with estimates ranging from $300.78 million to $313.30 million. Wendy’s Company (The) reported sales of $364.01 million in the same quarter last year, which indicates a negative year-over-year growth rate of 15.5%. The firm is expected to report its next quarterly earnings report on Wednesday, November 8th.

On average, analysts expect that Wendy’s Company (The) will report full-year sales of $307.50 million for the current fiscal year, with estimates ranging from $1.21 billion to $1.23 billion. For the next year, analysts anticipate that the business will post sales of $1.27 billion per share, with estimates ranging from $1.25 billion to $1.30 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow Wendy’s Company (The).

Wendy’s Company (The) (NASDAQ:WEN) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported $0.15 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Wendy’s Company (The) had a net margin of 7.68% and a return on equity of 19.67%. The business had revenue of $320.34 million during the quarter. During the same quarter last year, the company posted $0.10 earnings per share. The firm’s revenue for the quarter was down 16.3% compared to the same quarter last year.

A number of analysts have recently issued reports on the stock. Royal Bank Of Canada reissued a “hold” rating and set a $16.00 target price on shares of Wendy’s Company (The) in a research note on Friday, August 11th. Bank of America Corporation reissued a “neutral” rating and set a $17.00 target price on shares of Wendy’s Company (The) in a research note on Monday, August 14th. Zacks Investment Research raised shares of Wendy’s Company (The) from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research note on Thursday, July 20th. UBS AG reissued a “sell” rating and set a $13.00 target price (up from $12.00) on shares of Wendy’s Company (The) in a research note on Thursday, August 10th. Finally, BidaskClub lowered shares of Wendy’s Company (The) from a “hold” rating to a “sell” rating in a research note on Saturday, September 9th. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have issued a buy rating to the company’s stock. Wendy’s Company (The) presently has an average rating of “Hold” and a consensus price target of $15.64.

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A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in Wendy’s Company (The) by 3.9% in the first quarter. Vanguard Group Inc. now owns 15,666,000 shares of the restaurant operator’s stock worth $213,214,000 after purchasing an additional 592,868 shares in the last quarter. BlackRock Inc. raised its holdings in Wendy’s Company (The) by 0.3% in the second quarter. BlackRock Inc. now owns 15,432,711 shares of the restaurant operator’s stock worth $239,362,000 after purchasing an additional 41,702 shares in the last quarter. Janus Capital Management LLC raised its holdings in Wendy’s Company (The) by 0.6% in the first quarter. Janus Capital Management LLC now owns 13,582,736 shares of the restaurant operator’s stock worth $184,861,000 after purchasing an additional 85,084 shares in the last quarter. Janus Henderson Group PLC bought a new position in Wendy’s Company (The) in the second quarter worth about $189,448,000. Finally, Victory Capital Management Inc. raised its holdings in Wendy’s Company (The) by 81.5% in the first quarter. Victory Capital Management Inc. now owns 7,825,768 shares of the restaurant operator’s stock worth $106,509,000 after purchasing an additional 3,512,866 shares in the last quarter. Institutional investors and hedge funds own 76.46% of the company’s stock.

Wendy’s Company (NASDAQ WEN) opened at 15.19 on Friday. The firm has a 50-day moving average of $15.12 and a 200 day moving average of $14.91. The company has a market capitalization of $3.70 billion, a price-to-earnings ratio of 39.45 and a beta of 1.00. Wendy’s Company has a one year low of $10.47 and a one year high of $16.66.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a $0.07 dividend. The ex-dividend date of this dividend is Wednesday, August 30th. This represents a $0.28 annualized dividend and a dividend yield of 1.84%. Wendy’s Company (The)’s payout ratio is currently 75.68%.

About Wendy’s Company (The)

The Wendy’s Company is the parent company of subsidiary holding company Wendy’s Restaurants, LLC (Wendy’s Restaurants). Wendy’s Restaurants is the parent company of Wendy’s International, LLC (Wendy’s), which is the owner and franchisor of the Wendy’s restaurant system in the United States. Wendy’s is a restaurant company specializing in the hamburger sandwich segment.

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