Noodles & Co (NASDAQ:NDLS) issued an update on its FY19 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $0.14-0.18 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $468.66 million, compared to the consensus revenue estimate of pprior $0.08-0.16.
Noodles & Co stock traded up $0.24 during midday trading on Thursday, reaching $5.57. 483,800 shares of the stock traded hands, compared to its average volume of 448,354. The stock’s fifty day moving average is $5.30 and its 200-day moving average is $6.67. Noodles & Co has a 12 month low of $4.45 and a 12 month high of $9.79. The stock has a market cap of $241.73 million, a P/E ratio of 278.50 and a beta of 0.20. The company has a quick ratio of 0.21, a current ratio of 0.40 and a debt-to-equity ratio of 5.92.
Noodles & Co (NASDAQ:NDLS) last announced its quarterly earnings results on Tuesday, August 6th. The restaurant operator reported $0.05 EPS for the quarter, meeting analysts’ consensus estimates of $0.05. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The company had revenue of $120.20 million during the quarter, compared to analyst estimates of $117.72 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm’s revenue was up 2.4% on a year-over-year basis. On average, equities analysts predict that Noodles & Co will post 0.16 EPS for the current fiscal year.
NDLS has been the subject of a number of research reports. Zacks Investment Research raised Noodles & Co from a sell rating to a hold rating in a research note on Thursday, October 3rd. ValuEngine raised Noodles & Co from a sell rating to a hold rating in a research note on Thursday, August 1st. Finally, BidaskClub raised Noodles & Co from a sell rating to a hold rating in a research note on Sunday, September 1st. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Noodles & Co currently has a consensus rating of Hold and a consensus price target of $10.40.
About Noodles & Co
Noodles & Company develops and operates fast-casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.
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