Yum! Brands (YUM) Releases Earnings Results, Beats Estimates By $0.21 EPS

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Yum! Brands (NYSE:YUM) announced its quarterly earnings data on Wednesday. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.83 by $0.21, MarketWatch Earnings reports. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.37 billion. Yum! Brands had a negative return on equity of 17.36% and a net margin of 27.95%. The business’s revenue for the quarter was down 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.68 EPS.

YUM opened at $90.41 on Thursday. Yum! Brands has a fifty-two week low of $74.26 and a fifty-two week high of $92.21. The stock has a market cap of $27.22 billion, a PE ratio of 30.54, a PEG ratio of 1.91 and a beta of 0.86.

In other news, CFO David W. Gibbs sold 6,369 shares of the firm’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $87.83, for a total transaction of $559,389.27. Following the completion of the sale, the chief financial officer now directly owns 47,701 shares of the company’s stock, valued at approximately $4,189,578.83. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP David Eric Russell sold 7,340 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $90.00, for a total value of $660,600.00. Following the sale, the vice president now directly owns 25,960 shares of the company’s stock, valued at $2,336,400. The disclosure for this sale can be found here. Insiders have sold a total of 20,075 shares of company stock valued at $1,779,370 over the last ninety days. Company insiders own 0.63% of the company’s stock.

Yum! Brands announced that its board has authorized a share buyback program on Friday, August 10th that permits the company to buyback $2.00 billion in shares. This buyback authorization permits the restaurant operator to repurchase up to 7.6% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.

YUM has been the subject of several research analyst reports. KeyCorp initiated coverage on Yum! Brands in a research note on Wednesday, October 3rd. They issued a “sector weight” rating for the company. UBS Group set a $99.00 price objective on Yum! Brands and gave the stock a “buy” rating in a research note on Monday, September 10th. ValuEngine raised Yum! Brands from a “hold” rating to a “buy” rating in a research note on Friday, September 7th. BMO Capital Markets reissued a “hold” rating and issued a $88.00 price objective on shares of Yum! Brands in a research note on Friday, August 3rd. Finally, Zacks Investment Research downgraded Yum! Brands from a “buy” rating to a “hold” rating in a research note on Thursday, October 18th. Fourteen equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $88.76.

About Yum! Brands

YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.

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Earnings History for Yum! Brands (NYSE:YUM)

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