Wendy’s (WEN) Scheduled to Post Quarterly Earnings on Thursday

Wendy’s (NASDAQ:WEN) will be releasing 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 released its quarterly earnings data on Thursday, February 15th. The restaurant operator reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.02). The business had revenue of $540.65 million during the quarter, compared to the consensus estimate of $546.47 million. Wendy’s had a net margin of 9.37% and a return on equity of 56.24%. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $0.22 earnings per share. 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 Down 0.3 %

Shares of NASDAQ:WEN opened at $20.07 on Tuesday. The company has a market capitalization of $4.12 billion, a PE ratio of 20.48, a price-to-earnings-growth ratio of 2.03 and a beta of 0.82. The business has a fifty day moving average price of $18.65 and a two-hundred day moving average price of $19.02. The company has a debt-to-equity ratio of 10.66, a current ratio of 2.19 and a quick ratio of 2.18. Wendy’s has a 1 year low of $17.64 and a 1 year high of $23.90.

Wendy’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.98%. Wendy’s’s dividend payout ratio (DPR) is presently 102.04%.

Insider Activity at Wendy’s

In other news, Director Kenneth W. Gilbert sold 4,500 shares of Wendy’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $18.07, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 17.10% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Wedbush lifted their price objective on Wendy’s from $19.00 to $20.00 and gave the stock a “neutral” rating in a research report on Friday. TD Cowen restated a “hold” rating and issued a $19.00 price objective on shares of Wendy’s in a report on Wednesday, April 10th. Gordon Haskett lowered shares of Wendy’s from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research note on Tuesday, January 16th. BMO Capital Markets reduced their price target on shares of Wendy’s from $22.00 to $20.00 and set a “market perform” rating on the stock in a research report on Friday, February 16th. Finally, Barclays cut Wendy’s from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $23.00 to $21.00 in a research report on Wednesday, January 3rd. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Wendy’s presently has a consensus rating of “Hold” and a consensus target price of $22.53.

About Wendy’s

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.