Wendy’s (NASDAQ) will release its quarterly earnings data before the market opens on Thursday, August 1st. Analysts predict the company will report earnings of $0.28 per share for the quarter. Wendy’s has forecasted its FY24 earnings guidance to be between $0.98 and $1.02 per share. Interested parties can listen to the company’s conference call through this link.
Previous Earnings Report
Wendy’s last reported its earnings on Thursday, May 2nd. The company posted $0.23 earnings per share (EPS) for the quarter, which was $0.02 higher than the consensus estimate of $0.21. The revenue for the quarter was $534.80 million, slightly below the consensus estimate of $540.84 million. Wendy’s achieved a net margin of 9.44% and a return on equity of 62.68%. The company’s revenue increased by 1.1% compared to the same period last year, when it earned $0.21 per share.
Analysts expect Wendy’s to post $1 EPS for both the current fiscal year and the next.
Stock Performance
Wendy’s stock dropped 1.0%, opening at $16.59 on Thursday. The stock’s fifty-day moving average price is $17.01, and its two-hundred-day moving average price is $18.24. Wendy’s has a market capitalization of $3.40 billion, a price-to-earnings ratio of 16.76, a PEG ratio of 1.88, and a beta of 0.76. The company’s current ratio is 2.04, quick ratio is 2.02, and debt-to-equity ratio is 11.21. Wendy’s shares have ranged from a low of $15.61 to a high of $22.42 in the past year.
Dividends
Wendy’s recently declared a quarterly dividend, paid on Monday, June 17th. Shareholders of record as of Monday, June 3rd received a $0.25 dividend. The ex-dividend date was Monday, June 3rd. This results in an annualized dividend of $1.00 and a yield of 6.03%. Wendy’s payout ratio stands at 101.01%.
Insider Transactions
In recent insider news, CMO Juan Carlos Loredo sold 44,806 shares of Wendy’s stock on Thursday, May 9th. The shares were sold at an average price of $19.50, totaling $873,717.00. After this transaction, the chief marketing officer now owns 27,586 shares in the company, valued at approximately $537,927. This sale was disclosed in a filing with the SEC, accessible through this link. Corporate insiders own 17.10% of Wendy’s stock.
Analyst Ratings
Several research firms have issued ratings on Wendy’s. Citigroup increased its target price from $20.00 to $21.00, maintaining a “neutral” rating on May 3rd. The Goldman Sachs Group began coverage on Wendy’s on June 13th, giving the stock a “sell” rating with a $16.00 price objective. UBS Group raised its target price from $20.00 to $21.00, also giving a “neutral” rating on May 3rd. Loop Capital reiterated a “buy” rating with a $26.00 price target on July 15th.
BMO Capital Markets increased its price objective from $20.00 to $22.00, giving a “market perform” rating on May 3rd. Currently, one analyst has rated the stock as a “sell,” fourteen have issued a “hold” rating, and four have given a “buy” rating. According to MarketBeat, Wendy’s has an average rating of “Hold” and a consensus price target of $21.03.