$315.65 Million in Sales Expected for Wendys Co (WEN) This Quarter

Wall Street analysts expect Wendys Co (NASDAQ:WEN) to announce $315.65 million in sales for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Wendys’ earnings, with the lowest sales estimate coming in at $309.14 million and the highest estimate coming in at $319.58 million. Wendys posted sales of $309.90 million in the same quarter last year, which suggests a positive year-over-year growth rate of 1.9%. The firm is expected to issue its next earnings results on Thursday, February 15th.

On average, analysts expect that Wendys will report full-year sales of $315.65 million for the current financial year, with estimates ranging from $1.22 billion to $1.23 billion. For the next year, analysts forecast that the business will report sales of $1.27 billion per share, with estimates ranging from $1.24 billion to $1.31 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Wendys.

Wendys (NASDAQ:WEN) last announced its quarterly earnings data on Wednesday, November 8th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.12 by ($0.03). The company had revenue of $308.00 million during the quarter. Wendys had a return on equity of 20.35% and a net margin of 5.20%. The business’s revenue for the quarter was down 15.4% on a year-over-year basis. During the same quarter last year, the company posted $0.11 earnings per share.

WEN has been the topic of several research reports. Royal Bank of Canada reissued a “hold” rating and issued a $18.00 price target on shares of Wendys in a research report on Friday, December 22nd. Wedbush raised shares of Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price target on the stock in a research report on Wednesday, December 20th. Zacks Investment Research lowered shares of Wendys from a “hold” rating to a “sell” rating in a research report on Thursday, November 9th. Credit Suisse Group lowered their price target on shares of Wendys from $15.75 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, November 9th. Finally, BidaskClub raised shares of Wendys from a “sell” rating to a “hold” rating in a research report on Wednesday, December 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $16.84.

In other news, insider Scott A. Weisberg bought 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were acquired at an average price of $14.29 per share, with a total value of $142,900.00. Following the acquisition, the insider now owns 199,014 shares of the company’s stock, valued at approximately $2,843,910.06. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 26.50% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the stock. WFG Advisors LP grew its stake in Wendys by 50.2% in the 2nd quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator’s stock worth $109,000 after buying an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Wendys by 10.2% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock worth $116,000 after buying an additional 692 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Wendys by 75.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock worth $144,000 after buying an additional 4,012 shares in the last quarter. Sheaff Brock Investment Advisors LLC purchased a new position in Wendys in the 2nd quarter worth approximately $219,000. Finally, TIAA FSB purchased a new position in Wendys in the 2nd quarter worth approximately $223,000. 76.33% of the stock is currently owned by institutional investors and hedge funds.

Shares of Wendys (NASDAQ WEN) traded down $0.38 during mid-day trading on Thursday, reaching $16.32. 1,036,337 shares of the company’s stock traded hands, compared to its average volume of 2,825,700. The company has a market capitalization of $3,960.00, a price-to-earnings ratio of 65.28, a price-to-earnings-growth ratio of 2.30 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. Wendys has a twelve month low of $13.03 and a twelve month high of $16.98.

The company also recently announced a quarterly dividend, which was paid on Friday, December 15th. Investors of record on Friday, December 1st were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Thursday, November 30th. Wendys’s dividend payout ratio (DPR) is presently 112.00%.

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Wendys Company Profile

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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