Wendy’s (WEN) to Release Earnings on Thursday

Wendy’s (NASDAQ:WEN) will be releasing its earnings data 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.Investors that wish to register for the company’s conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share for the quarter, missing the consensus estimate of $0.28 by ($0.01). Wendy’s had a return on equity of 67.74% and a net margin of 9.18%. The company had revenue of $570.73 million during the quarter, compared to analyst estimates of $577.15 million. During the same quarter last year, the firm posted $0.28 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. 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 Trading Up 1.1 %

Shares of WEN stock opened at $19.18 on Thursday. Wendy’s has a 12 month low of $15.61 and a 12 month high of $20.65. The company has a market cap of $3.93 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 2.32 and a beta of 0.80. The company has a quick ratio of 2.15, a current ratio of 2.17 and a debt-to-equity ratio of 12.01. The business’s 50 day moving average is $17.58 and its two-hundred day moving average is $17.65.

Wendy’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a yield of 5.21%. Wendy’s’s payout ratio is presently 101.01%.

Insider Buying and Selling at Wendy’s

In related news, Director Matthew H. Peltz sold 1,000,000 shares of the stock in a transaction dated 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 completion of the sale, the director now owns 14,943,466 shares in the company, valued at $256,728,745.88. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 17.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on WEN shares. Piper Sandler cut their price objective on Wendy’s from $23.00 to $19.00 and set an “overweight” rating for the company in a research report on Friday, August 2nd. Loop Capital reissued a “buy” rating and issued a $26.00 price objective on shares of Wendy’s in a research report on Monday, July 15th. Tigress Financial restated a “buy” rating and issued a $29.00 price objective on shares of Wendy’s in a research note on Wednesday, September 4th. Truist Financial cut their target price on shares of Wendy’s from $22.00 to $21.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Stifel Nicolaus decreased their price target on shares of Wendy’s from $20.00 to $19.00 and set a “hold” rating on the stock in a research 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 stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $20.22.

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.