Wendy’s (WEN) to Release Earnings on Thursday

Wendy’s (NASDAQ:WEN) will post its quarterly earnings results before the market opens on Thursday, October 31st. Analysts expect Wendy’s to post earnings of $0.25 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS and its FY 2024 guidance at 0.980-1.020 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last released its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $570.73 million during the quarter, compared to analyst estimates of $577.15 million. Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.28 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 0.6 %

WEN stock opened at $20.28 on Wednesday. Wendy’s has a 12 month low of $15.61 and a 12 month high of $20.65. The company’s 50 day simple moving average is $17.86 and its 200-day simple moving average is $17.69. The firm has a market capitalization of $4.16 billion, a PE ratio of 20.48, a P/E/G ratio of 2.47 and a beta of 0.80. The company has a debt-to-equity ratio of 12.01, a current ratio of 2.17 and a quick ratio of 2.15.

Wendy’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.93%. The ex-dividend date was Tuesday, September 3rd. Wendy’s’s dividend payout ratio is presently 101.01%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Loop Capital reiterated a “buy” rating and issued a $26.00 target price on shares of Wendy’s in a research note on Monday, July 15th. Stephens reaffirmed an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a research note on Tuesday, October 8th. Citigroup raised their target price on shares of Wendy’s from $18.00 to $18.75 and gave the stock a “neutral” rating in a research report on Tuesday, October 8th. Truist Financial dropped their price target on shares of Wendy’s from $22.00 to $21.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Wendy’s from $20.00 to $18.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $20.22.

Insider Transactions at Wendy’s

In other news, Director Matthew H. Peltz sold 1,000,000 shares of the business’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $17.18, for a total transaction of $17,180,000.00. Following the transaction, the director now directly owns 14,943,466 shares of the company’s stock, valued at approximately $256,728,745.88. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 17.10% of the company’s stock.

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.