Zacks: Analysts Anticipate Wendys Co (NASDAQ:WEN) Will Post Earnings of $0.08 Per Share

Share on StockTwits

Wall Street brokerages forecast that Wendys Co (NASDAQ:WEN) will report earnings of $0.08 per share for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Wendys’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.07. Wendys reported earnings of $0.16 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 50%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Wednesday, February 26th.

According to Zacks, analysts expect that Wendys will report full-year earnings of $0.59 per share for the current financial year, with EPS estimates ranging from $0.58 to $0.61. For the next year, analysts anticipate that the company will report earnings of $0.64 per share, with EPS estimates ranging from $0.59 to $0.67. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Wendys.

Several equities research analysts recently commented on WEN shares. Zacks Investment Research downgraded Wendys from a “hold” rating to a “sell” rating and set a $22.00 target price on the stock. in a report on Monday, October 28th. Telsey Advisory Group upped their price target on Wendys from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Stifel Nicolaus raised Wendys from a “hold” rating to a “buy” rating and upped their price target for the company from $22.00 to $25.00 in a report on Monday, November 25th. ValuEngine cut Wendys from a “buy” rating to a “hold” rating in a report on Tuesday, December 3rd. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Wendys in a report on Thursday, December 19th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $22.07.

Shares of NASDAQ:WEN traded up $0.06 during mid-day trading on Friday, hitting $22.97. 308,219 shares of the company traded hands, compared to its average volume of 2,268,377. The firm has a market cap of $5.28 billion, a P/E ratio of 41.02, a PEG ratio of 3.07 and a beta of 0.76. The company has a debt-to-equity ratio of 5.62, a quick ratio of 1.99 and a current ratio of 2.00. Wendys has a 52-week low of $16.25 and a 52-week high of $22.96. The firm’s 50 day simple moving average is $21.99 and its 200 day simple moving average is $21.09.

In other news, CEO Todd Allan Penegor sold 283,733 shares of the company’s stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $21.34, for a total value of $6,054,862.22. Following the sale, the chief executive officer now directly owns 685,029 shares in the company, valued at approximately $14,618,518.86. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 20.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in WEN. Point72 Asset Management L.P. grew its position in shares of Wendys by 2,741.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 2,358,567 shares of the restaurant operator’s stock valued at $47,124,000 after acquiring an additional 2,275,555 shares during the period. Maverick Capital Ltd. purchased a new stake in Wendys during the third quarter worth about $12,557,000. Squarepoint Ops LLC increased its stake in Wendys by 48.5% during the third quarter. Squarepoint Ops LLC now owns 1,312,868 shares of the restaurant operator’s stock worth $26,231,000 after purchasing an additional 428,815 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Wendys by 13.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,297,923 shares of the restaurant operator’s stock worth $73,247,000 after purchasing an additional 388,858 shares during the period. Finally, Franklin Street Capital Partners LLC purchased a new stake in Wendys during the fourth quarter worth about $7,218,000. Institutional investors and hedge funds own 72.05% of the company’s stock.

Wendys Company Profile

The Wendy's Company, together its subsidiaries, operates as a quick-service restaurant company. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. As of December 30, 2018, its restaurant system included 6,711 franchise restaurants, which comprise 353 owned and operated restaurants worldwide.

Read More: What is the S&P/TSX Index?

Get a free copy of the Zacks research report on Wendys (WEN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Wendys (NASDAQ:WEN)

Receive News & Ratings for Wendys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Wendys and related companies with MarketBeat.com's FREE daily email newsletter.