Wendy’s (WEN) Expected to Announce Earnings on Thursday

Wendy’s (NASDAQ:WEN) is expected to issue its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect Wendy’s to post earnings of $0.24 per share and revenue of $562.35 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Wendy’s Stock Down 0.9 %

Shares of NASDAQ WEN opened at $14.95 on Thursday. The stock has a market cap of $3.05 billion, a P/E ratio of 15.74, a PEG ratio of 2.25 and a beta of 0.77. The business’s fifty day simple moving average is $16.04 and its 200-day simple moving average is $17.23. Wendy’s has a 12-month low of $13.98 and a 12-month high of $20.65. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64.

Wall Street Analyst Weigh In

WEN has been the topic of a number of analyst reports. Stephens reaffirmed an “equal weight” rating and issued a $19.00 price target on shares of Wendy’s in a research report on Tuesday, November 19th. Morgan Stanley reaffirmed an “underweight” rating and issued a $14.00 target price (down previously from $22.00) on shares of Wendy’s in a report on Tuesday, January 21st. BMO Capital Markets boosted their price target on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “market perform” rating in a report on Friday, November 1st. TD Cowen raised their price objective on shares of Wendy’s from $17.00 to $19.00 and gave the company a “hold” rating in a report on Wednesday, October 16th. Finally, Truist Financial boosted their target price on shares of Wendy’s from $21.00 to $22.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Wendy’s has an average rating of “Hold” and a consensus target price of $19.71.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.