Wendys Co (WEN) Expected to Announce Earnings of $0.15 Per Share

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Brokerages predict that Wendys Co (NASDAQ:WEN) will report earnings per share of $0.15 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Wendys’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.14. Wendys reported earnings per share of $0.09 in the same quarter last year, which would suggest a positive year-over-year growth rate of 66.7%. The firm is expected to announce its next quarterly earnings results after the market closes on Tuesday, November 6th.

According to Zacks, analysts expect that Wendys will report full-year earnings of $0.56 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.56. For the next year, analysts forecast that the business will report earnings of $0.69 per share, with EPS estimates ranging from $0.67 to $0.71. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Wendys.

Wendys (NASDAQ:WEN) last posted its quarterly earnings data on Tuesday, August 7th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.02). The firm had revenue of $411.00 million for the quarter. Wendys had a return on equity of 23.08% and a net margin of 15.87%. During the same period in the prior year, the company earned $0.15 earnings per share.

WEN has been the topic of several analyst reports. BTIG Research initiated coverage on Wendys in a report on Tuesday, September 25th. They set a “buy” rating and a $20.00 target price on the stock. BidaskClub upgraded Wendys from a “hold” rating to a “buy” rating in a report on Saturday, August 18th. Zacks Investment Research lowered Wendys from a “buy” rating to a “hold” rating in a report on Monday, August 6th. KeyCorp initiated coverage on Wendys in a report on Wednesday, October 3rd. They set a “sector weight” rating on the stock. Finally, Bank of America upped their target price on Wendys from $18.00 to $19.00 and gave the stock a “neutral” rating in a report on Friday, August 17th. Ten equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $18.93.

WEN stock opened at $17.09 on Friday. The company has a quick ratio of 1.70, a current ratio of 1.71 and a debt-to-equity ratio of 6.44. The stock has a market cap of $4.03 billion, a PE ratio of 39.74, a PEG ratio of 1.41 and a beta of 0.58. Wendys has a fifty-two week low of $13.57 and a fifty-two week high of $18.68.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. increased its stake in shares of Wendys by 4.0% during the second quarter. BlackRock Inc. now owns 15,558,770 shares of the restaurant operator’s stock worth $267,299,000 after purchasing an additional 601,968 shares during the period. Wells Fargo & Company MN increased its stake in shares of Wendys by 12.3% during the second quarter. Wells Fargo & Company MN now owns 9,837,856 shares of the restaurant operator’s stock worth $169,016,000 after purchasing an additional 1,078,609 shares during the period. Victory Capital Management Inc. increased its stake in shares of Wendys by 12.4% during the second quarter. Victory Capital Management Inc. now owns 7,298,631 shares of the restaurant operator’s stock worth $125,391,000 after purchasing an additional 805,335 shares during the period. Janus Henderson Group PLC increased its stake in shares of Wendys by 4.1% during the second quarter. Janus Henderson Group PLC now owns 5,599,181 shares of the restaurant operator’s stock worth $96,194,000 after purchasing an additional 220,039 shares during the period. Finally, Fort Pitt Capital Group LLC increased its stake in shares of Wendys by 11.5% during the second quarter. Fort Pitt Capital Group LLC now owns 2,294,849 shares of the restaurant operator’s stock worth $39,426,000 after purchasing an additional 236,732 shares during the period. Hedge funds and other institutional investors own 77.82% of the company’s stock.

Wendys Company Profile

The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.

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Earnings History and Estimates for Wendys (NASDAQ:WEN)

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