Wendy’s (WEN) Set to Announce Earnings on Thursday

Wendy’s (NASDAQ:WEN) is set to release its earnings data before the market opens on Thursday, May 2nd. Analysts expect Wendy’s to post earnings of $0.22 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS.Investors interested in listening to the company’s conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last posted its quarterly earnings results on Thursday, February 15th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). Wendy’s had a net margin of 9.37% and a return on equity of 56.24%. The firm had revenue of $540.65 million during the quarter, compared to analysts’ expectations of $546.47 million. During the same period last year, the company earned $0.22 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect Wendy’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Wendy’s Stock Performance

Wendy’s stock opened at $19.82 on Thursday. The firm has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $18.99. Wendy’s has a 1-year low of $17.64 and a 1-year high of $23.90. The company has a debt-to-equity ratio of 10.66, a current ratio of 2.19 and a quick ratio of 2.18. The stock has a market cap of $4.07 billion, a price-to-earnings ratio of 20.22, a price-to-earnings-growth ratio of 1.93 and a beta of 0.82.

Wendy’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.25 dividend. The ex-dividend date was Thursday, February 29th. This represents a $1.00 annualized dividend and a dividend yield of 5.05%. Wendy’s’s dividend payout ratio (DPR) is 102.04%.

Insiders Place Their Bets

In other Wendy’s news, Director Kenneth W. Gilbert sold 4,500 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $18.07, for a total transaction of $81,315.00. Following the transaction, the director now directly owns 31,304 shares of the company’s stock, valued at approximately $565,663.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 17.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

WEN has been the topic of several recent analyst reports. BMO Capital Markets decreased their price objective on shares of Wendy’s from $22.00 to $20.00 and set a “market perform” rating on the stock in a report on Friday, February 16th. Wedbush decreased their price objective on shares of Wendy’s from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Friday, February 16th. Stephens began coverage on shares of Wendy’s in a report on Friday, April 12th. They issued an “equal weight” rating and a $20.00 price objective on the stock. Barclays lowered shares of Wendy’s from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $23.00 to $21.00 in a report on Wednesday, January 3rd. Finally, Royal Bank of Canada reduced their target price on shares of Wendy’s from $22.00 to $20.00 and set a “sector perform” rating on the stock in a report on Tuesday, February 20th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $22.47.

Wendy’s Company Profile

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company in the United States and internationally. It operates through Wendy's U.S., Wendy's International, and Global Real Estate & Development segments. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.