Wall Street brokerages expect Noodles & Co (NASDAQ:NDLS) to report earnings per share (EPS) of ($0.01) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Noodles & Co’s earnings. The lowest EPS estimate is ($0.02) and the highest is $0.01. Noodles & Co posted earnings of ($0.04) per share in the same quarter last year, which suggests a positive year over year growth rate of 75%. The business is scheduled to issue its next quarterly earnings report on Wednesday, March 7th.

On average, analysts expect that Noodles & Co will report full-year earnings of ($0.03) per share for the current fiscal year, with EPS estimates ranging from ($0.04) to ($0.02). For the next financial year, analysts forecast that the firm will post earnings of $0.05 per share, with EPS estimates ranging from $0.03 to $0.08. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its quarterly earnings results on Thursday, November 9th. The restaurant operator reported $0.02 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.02. The business had revenue of $114.20 million for the quarter, compared to analysts’ expectations of $114.45 million. Noodles & Co had a negative return on equity of 6.83% and a negative net margin of 17.41%. The company’s revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.04) EPS.

NDLS has been the topic of a number of analyst reports. Citigroup increased their target price on Noodles & Co from $5.00 to $6.00 and gave the company a “buy” rating in a report on Monday, November 20th. Zacks Investment Research cut Noodles & Co from a “hold” rating to a “sell” rating in a report on Tuesday, November 14th. BMO Capital Markets set a $4.00 target price on Noodles & Co and gave the company a “hold” rating in a report on Friday, November 10th. SunTrust Banks reiterated a “hold” rating and set a $5.00 target price on shares of Noodles & Co in a report on Thursday, October 12th. Finally, Piper Jaffray Companies reiterated a “sell” rating and set a $4.00 target price on shares of Noodles & Co in a report on Friday, August 11th. Four investment analysts have rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $4.75.

A number of large investors have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in shares of Noodles & Co by 52.9% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 26,856 shares of the restaurant operator’s stock worth $105,000 after purchasing an additional 9,287 shares during the period. Royce & Associates LP purchased a new position in shares of Noodles & Co during the 2nd quarter worth $146,000. Spark Investment Management LLC purchased a new position in shares of Noodles & Co during the 2nd quarter worth $226,000. Crescent Grove Advisors LLC purchased a new position in shares of Noodles & Co during the 2nd quarter worth $455,000. Finally, Northern Trust Corp lifted its stake in shares of Noodles & Co by 0.3% during the 2nd quarter. Northern Trust Corp now owns 152,641 shares of the restaurant operator’s stock worth $596,000 after purchasing an additional 491 shares during the period. Hedge funds and other institutional investors own 66.72% of the company’s stock.

Noodles & Co (NASDAQ:NDLS) traded up $0.20 on Wednesday, hitting $4.85. The company had a trading volume of 83,700 shares, compared to its average volume of 173,647. The company has a debt-to-equity ratio of 1.78, a quick ratio of 0.31 and a current ratio of 0.57. Noodles & Co has a 1-year low of $3.16 and a 1-year high of $6.00.

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About Noodles & Co

Noodles & Company develops and operates fast casual restaurants. The Company’s menu includes a range of cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches and appetizers. The Company has approximately 490 restaurants, including 420 Company-owned and 70 franchised locations, across 40 states, the District of Columbia and one Canadian province.

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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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