Yum! Brands, Inc. (YUM) Scheduled to Post Earnings on Tuesday
Yum! Brands, Inc. (NYSE:YUM) will be posting its quarterly earnings results before the market opens on Tuesday, October 3rd. Analysts expect Yum! Brands to post earnings of $0.66 per share for the quarter.
Yum! Brands (NYSE:YUM) last released its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.07. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The business had revenue of $1.45 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter in the prior year, the company posted $0.75 earnings per share. Yum! Brands’s revenue was down 4.0% on a year-over-year basis. On average, analysts expect Yum! Brands to post $2.8 EPS for the current fiscal year and $3.18 EPS for the next fiscal year.
Shares of Yum! Brands, Inc. (NYSE YUM) opened at 73.94 on Tuesday. Yum! Brands, Inc. has a 12-month low of $59.57 and a 12-month high of $78.14. The company has a market cap of $25.49 billion, a price-to-earnings ratio of 19.63 and a beta of 0.83. The company’s 50-day moving average price is $76.04 and its 200 day moving average price is $71.06.
In other news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $74.00, for a total transaction of $616,864.00. Following the completion of the transaction, the chief financial officer now directly owns 39,664 shares in the company, valued at approximately $2,935,136. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Brian R. Niccol sold 1,487 shares of the business’s stock in a transaction on Monday, July 3rd. The shares were sold at an average price of $73.82, for a total transaction of $109,770.34. Following the transaction, the chief executive officer now owns 6,719 shares of the company’s stock, valued at $495,996.58. The disclosure for this sale can be found here. 0.65% of the stock is owned by insiders.
Several research firms have commented on YUM. BMO Capital Markets reissued a “market perform” rating and set a $77.00 target price (up previously from $66.00) on shares of Yum! Brands in a research report on Wednesday, August 9th. Zacks Investment Research cut shares of Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. Argus reissued a “buy” rating and set a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a research report on Wednesday, August 23rd. Royal Bank Of Canada reissued a “buy” rating and set a $83.00 target price on shares of Yum! Brands in a research report on Friday, August 4th. Finally, Mizuho began coverage on shares of Yum! Brands in a research report on Thursday, June 8th. They set a “neutral” rating and a $74.00 target price on the stock. Fifteen investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $80.31.
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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