Yum! Brands, Inc. (YUM) Expected to Announce Quarterly Sales of $1.39 Billion
Wall Street analysts predict that Yum! Brands, Inc. (NYSE:YUM) will report $1.39 billion in sales for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Yum! Brands’ earnings, with the highest sales estimate coming in at $1.48 billion and the lowest estimate coming in at $1.33 billion. Yum! Brands posted sales of $3.32 billion during the same quarter last year, which would indicate a negative year over year growth rate of 58.1%. The business is expected to announce its next quarterly earnings results before the market opens on Thursday, November 2nd.
On average, analysts expect that Yum! Brands will report full-year sales of $1.39 billion for the current fiscal year, with estimates ranging from $5.70 billion to $6.20 billion. For the next fiscal year, analysts expect 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 sell-side research firms that follow Yum! Brands.
Yum! Brands (NYSE:YUM) last announced its earnings results on Thursday, August 3rd. The restaurant operator reported $0.68 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.07. The business 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 business’s quarterly revenue was down 4.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.75 EPS.
A number of analysts recently weighed in on the company. Royal Bank Of Canada restated an “outperform” rating and issued a $83.00 price target on shares of Yum! Brands in a research note on Monday, September 11th. Robert W. Baird restated a “hold” rating and issued a $78.00 price target on shares of Yum! Brands in a research note on Thursday, October 12th. BidaskClub upgraded Yum! Brands from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 2nd. Argus restated a “buy” rating and issued a $88.00 price target (up from $80.00) on shares of Yum! Brands in a research note on Wednesday, August 23rd. Finally, Oppenheimer Holdings, Inc. lifted their price objective on Yum! Brands from $80.00 to $85.00 and gave the stock an “outperform” rating in a report on Friday, September 8th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the company. Yum! Brands has an average rating of “Buy” and an average target price of $79.34.
Yum! Brands (YUM) opened at 76.17 on Monday. The stock’s 50 day moving average price is $75.67 and its 200 day moving average price is $72.81. The firm has a market capitalization of $26.26 billion, a P/E ratio of 20.22 and a beta of 0.81. Yum! Brands has a 52 week low of $59.43 and a 52 week high of $78.14.
In related news, CFO David W. Gibbs sold 8,336 shares of the company’s stock in a transaction on Wednesday, August 9th. The stock was sold at an average price of $74.00, for a total value 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 $2,935,136. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 7.38% of the company’s stock.
A number of institutional investors have recently added to or reduced their stakes in YUM. BlackRock Inc. increased its stake in Yum! Brands by 2,392.9% in the first quarter. BlackRock Inc. now owns 20,053,997 shares of the restaurant operator’s stock valued at $1,281,452,000 after purchasing an additional 19,249,564 shares during the last quarter. Morgan Stanley grew its position in Yum! Brands by 82.4% during the first quarter. Morgan Stanley now owns 4,757,237 shares of the restaurant operator’s stock valued at $303,987,000 after acquiring an additional 2,148,751 shares during the period. Renaissance Technologies LLC grew its position in Yum! Brands by 208.6% during the first quarter. Renaissance Technologies LLC now owns 2,625,400 shares of the restaurant operator’s stock valued at $167,763,000 after acquiring an additional 1,774,600 shares during the period. Pioneer Investment Management Inc. purchased a new stake in Yum! Brands during the second quarter valued at about $104,149,000. Finally, Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Yum! Brands during the second quarter valued at about $102,713,000. Hedge funds and other institutional investors own 72.07% of the company’s stock.
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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