Wendys Co (NASDAQ:WEN) – Equities researchers at SunTrust Banks boosted their Q3 2018 earnings estimates for shares of Wendys in a research note issued to investors on Tuesday. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings per share of $0.18 for the quarter, up from their previous forecast of $0.15. SunTrust Banks also issued estimates for Wendys’ FY2018 earnings at $0.69 EPS and FY2019 earnings at $0.86 EPS.
Wendys (NASDAQ:WEN) last released its earnings results on Wednesday, November 8th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.12 by ($0.03). Wendys had a return on equity of 20.35% and a net margin of 5.20%. The business had revenue of $308.00 million for the quarter. During the same period last year, the firm earned $0.11 earnings per share. The firm’s quarterly revenue was down 15.4% on a year-over-year basis.
Shares of Wendys (NASDAQ:WEN) traded up $0.22 on Friday, hitting $16.73. 1,491,043 shares of the company were exchanged, compared to its average volume of 2,384,356. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78. Wendys has a 12-month low of $13.03 and a 12-month high of $16.98. The stock has a market capitalization of $4,030.00, a price-to-earnings ratio of 66.92, a P/E/G ratio of 2.36 and a beta of 0.93.
Institutional investors and hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC acquired a new stake in Wendys in the second quarter valued at approximately $189,448,000. Castleark Management LLC acquired a new stake in Wendys in the second quarter valued at approximately $14,085,000. Renaissance Technologies LLC raised its holdings in Wendys by 208.7% in the second quarter. Renaissance Technologies LLC now owns 1,208,522 shares of the restaurant operator’s stock valued at $18,744,000 after acquiring an additional 817,040 shares in the last quarter. FMR LLC raised its holdings in Wendys by 1,023.5% in the second quarter. FMR LLC now owns 799,897 shares of the restaurant operator’s stock valued at $12,406,000 after acquiring an additional 728,697 shares in the last quarter. Finally, Canada Pension Plan Investment Board raised its holdings in Wendys by 92.4% in the third quarter. Canada Pension Plan Investment Board now owns 1,434,000 shares of the restaurant operator’s stock valued at $22,270,000 after acquiring an additional 688,700 shares in the last quarter. 76.33% of the stock is currently owned by institutional investors and hedge funds.
In other Wendys news, insider Scott A. Weisberg purchased 10,000 shares of Wendys stock in a transaction dated 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 completion of the transaction, the insider now owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 26.50% of the company’s stock.
The business also recently announced a quarterly dividend, which was paid on Friday, December 15th. Shareholders of record on Friday, December 1st were given a $0.07 dividend. The ex-dividend date was Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a yield of 1.67%. Wendys’s payout ratio is currently 112.00%.
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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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