Wendys Co (WEN) Expected to Post Earnings of $0.12 Per Share

Equities research analysts expect that Wendys Co (NASDAQ:WEN) will announce earnings per share of $0.12 for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Wendys’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.11. Wendys reported earnings per share of $0.08 in the same quarter last year, which suggests a positive year over year growth rate of 50%. The business is scheduled to report its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Wendys will report full-year earnings of $0.44 per share for the current fiscal year, with EPS estimates ranging from $0.43 to $0.45. For the next financial year, analysts anticipate that the business will post earnings of $0.59 per share, with EPS estimates ranging from $0.49 to $0.69. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Wendys.

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

A number of brokerages have recently weighed in on WEN. Longbow Research lowered Wendys from a “buy” rating to a “neutral” rating and set a $18.00 target price on the stock. in a research note on Friday, January 12th. They noted that the move was a valuation call. Barclays restated an “overweight” rating and set a $20.00 price objective (up previously from $17.00) on shares of Wendys in a research note on Tuesday. TheStreet upgraded Wendys from a “c+” rating to a “b-” rating in a research note on Thursday, December 28th. BidaskClub upgraded Wendys from a “sell” rating to a “hold” rating in a research note on Wednesday, December 20th. Finally, Wedbush upgraded Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price objective on the stock in a research note on Wednesday, December 20th. Three investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $16.94.

In other Wendys news, insider Scott A. Weisberg bought 10,000 shares of Wendys stock in a transaction on Monday, November 13th. The shares were purchased 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 in the company, valued at approximately $2,843,910.06. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 26.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Wendys by 10.2% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 692 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of Wendys by 2.8% during the 2nd quarter. Principal Financial Group Inc. now owns 822,130 shares of the restaurant operator’s stock valued at $12,751,000 after acquiring an additional 22,183 shares in the last quarter. Swiss National Bank boosted its holdings in shares of Wendys by 1.5% during the 2nd quarter. Swiss National Bank now owns 343,900 shares of the restaurant operator’s stock valued at $5,334,000 after acquiring an additional 5,000 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Wendys by 55.2% during the 2nd quarter. JPMorgan Chase & Co. now owns 646,043 shares of the restaurant operator’s stock valued at $10,021,000 after acquiring an additional 229,881 shares in the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Wendys by 75.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator’s stock valued at $144,000 after acquiring an additional 4,012 shares in the last quarter. 76.39% of the stock is currently owned by institutional investors.

Shares of Wendys (NASDAQ:WEN) traded up $0.04 during midday trading on Thursday, hitting $16.83. The stock had a trading volume of 2,016,071 shares, compared to its average volume of 3,652,900. The company has a market capitalization of $4,073.75, a price-to-earnings ratio of 67.32, a P/E/G ratio of 1.94 and a beta of 0.93. The company has a debt-to-equity ratio of 5.83, a quick ratio of 1.78 and a current ratio of 1.80. Wendys has a one year low of $13.03 and a one year high of $17.66.

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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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