Yum! Brands, Inc. (YUM) Expected to Announce Quarterly Sales of $1.39 Billion
Equities research analysts expect that Yum! Brands, Inc. (NYSE:YUM) will announce sales of $1.39 billion for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Yum! Brands’ earnings. The lowest sales estimate is $1.33 billion and the highest is $1.48 billion. Yum! Brands reported sales of $3.32 billion during the same quarter last year, which indicates a negative year over year growth rate of 58.1%. The company is scheduled to report its next earnings report on Wednesday, October 4th.
On average, analysts expect that Yum! Brands will report full-year sales of $1.39 billion for the current year, with estimates ranging from $5.70 billion to $6.20 billion. For the next year, analysts forecast that the firm will report sales of $4.86 billion per share, with estimates ranging from $4.40 billion to $6.37 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that cover Yum! Brands.
Yum! Brands (NYSE:YUM) last posted its quarterly earnings data 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 firm had revenue of $1.45 billion during the quarter, compared to the consensus estimate of $1.42 billion. Yum! Brands had a negative return on equity of 24.95% and a net margin of 16.76%. The firm’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 EPS.
A number of equities research analysts recently weighed in on the company. BMO Capital Markets restated a “market perform” rating and issued a $77.00 price target (up previously from $66.00) on shares of Yum! Brands in a report on Wednesday, August 9th. Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research report on Wednesday, August 9th. J P Morgan Chase & Co reiterated a “buy” rating and set a $80.00 target price on shares of Yum! Brands in a research report on Monday. Argus reissued a “buy” rating and issued a $88.00 target price (up previously from $80.00) on shares of Yum! Brands in a report on Wednesday, August 23rd. Finally, Royal Bank Of Canada restated a “buy” rating and issued a $83.00 price target on shares of Yum! Brands in a research report on Friday, August 4th. Thirteen investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the company. Yum! Brands presently has an average rating of “Buy” and an average target price of $79.89.
Shares of Yum! Brands (NYSE:YUM) opened at 73.92 on Wednesday. Yum! Brands has a 52 week low of $59.57 and a 52 week high of $78.14. The firm’s 50-day moving average is $75.77 and its 200 day moving average is $71.80. The firm has a market cap of $25.49 billion, a PE ratio of 19.62 and a beta of 0.81.
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In related news, CFO David W. Gibbs sold 8,336 shares of the business’s stock in a transaction that occurred on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total transaction of $616,864.00. Following the transaction, the chief financial officer now directly owns 39,664 shares of the company’s stock, valued at approximately $2,935,136. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.65% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of YUM. Acrospire Investment Management LLC acquired a new stake in Yum! Brands during the 2nd quarter valued at $104,000. Kistler Tiffany Companies LLC increased its stake in Yum! Brands by 0.5% during the 2nd quarter. Kistler Tiffany Companies LLC now owns 1,537 shares of the restaurant operator’s stock worth $113,000 after buying an additional 7 shares during the period. Founders Capital Management increased its stake in Yum! Brands by 164.5% during the 2nd quarter. Founders Capital Management now owns 1,640 shares of the restaurant operator’s stock worth $121,000 after buying an additional 1,020 shares during the period. Bronfman E.L. Rothschild L.P. increased its stake in Yum! Brands by 5.9% during the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 2,031 shares of the restaurant operator’s stock worth $130,000 after buying an additional 114 shares during the period. Finally, Bruderman Asset Management LLC purchased a new stake in Yum! Brands during the 2nd quarter worth $148,000. 72.06% of the stock is currently owned by institutional investors and hedge funds.
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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