$315.50 Million in Sales Expected for Wendys Co (WEN) This Quarter

Equities research analysts expect Wendys Co (NASDAQ:WEN) to announce $315.50 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have issued estimates for Wendys’ earnings, with the highest sales estimate coming in at $318.81 million and the lowest estimate coming in at $309.14 million. Wendys reported sales of $309.90 million during the same quarter last year, which indicates a positive year-over-year growth rate of 1.8%. The company is scheduled to announce its next earnings results after the market closes on Wednesday, February 21st.

According to Zacks, analysts expect that Wendys will report full year sales of $315.50 million for the current financial year, with estimates ranging from $1.22 billion to $1.23 billion. For the next fiscal year, analysts anticipate that the business will report sales of $1.27 billion per share, with estimates ranging from $1.24 billion to $1.31 billion. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Wendys.

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

A number of analysts recently commented on WEN shares. BMO Capital Markets decreased their target price on Wendys from $19.00 to $17.00 and set an “outperform” rating for the company in a research report on Thursday, November 9th. Morgan Stanley lifted their price target on Wendys from $16.00 to $17.00 and gave the company an “underweight” rating in a research note on Thursday, November 9th. SunTrust Banks lifted their price target on Wendys to $22.00 in a research note on Wednesday, January 3rd. TheStreet downgraded Wendys from a “b-” rating to a “c+” rating in a research note on Wednesday, November 8th. Finally, Wedbush upgraded Wendys from a “neutral” rating to an “outperform” rating and set a $20.00 price target for the company in a research note on Wednesday, December 20th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $16.94.

In other Wendys news, insider Scott A. Weisberg bought 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $14.29 per share, for a total transaction of $142,900.00. Following the purchase, the insider now directly owns 199,014 shares of the company’s stock, valued at $2,843,910.06. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. 26.50% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in WEN. Schwab Charles Investment Management Inc. lifted its stake in Wendys by 2.9% in the third quarter. Schwab Charles Investment Management Inc. now owns 695,775 shares of the restaurant operator’s stock valued at $10,806,000 after purchasing an additional 19,370 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Wendys by 4.3% during the 3rd quarter. Wells Fargo & Company MN now owns 7,960,038 shares of the restaurant operator’s stock valued at $123,620,000 after acquiring an additional 329,659 shares during the period. Cipher Capital LP raised its holdings in Wendys by 22.3% during the 3rd quarter. Cipher Capital LP now owns 59,220 shares of the restaurant operator’s stock valued at $919,000 after acquiring an additional 10,806 shares during the period. Crossmark Global Holdings Inc. bought a new stake in Wendys during the 3rd quarter valued at $421,000. Finally, Jennison Associates LLC raised its holdings in Wendys by 1.0% during the 4th quarter. Jennison Associates LLC now owns 1,941,802 shares of the restaurant operator’s stock valued at $31,884,000 after acquiring an additional 18,756 shares during the period. Hedge funds and other institutional investors own 76.74% of the company’s stock.

Shares of Wendys (NASDAQ WEN) opened at $15.30 on Tuesday. Wendys has a 12-month low of $13.03 and a 12-month high of $17.66. The company has a market capitalization of $3,710.00, a PE ratio of 61.20, a P/E/G ratio of 1.80 and a beta of 0.82. The company has a debt-to-equity ratio of 5.83, a current ratio of 1.80 and a quick ratio of 1.78.

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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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