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

Wendy’s (NASDAQ:WEN) is scheduled to issue its quarterly earnings data before the market opens on Thursday, May 2nd. Analysts expect the company to announce earnings of $0.22 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS.Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, February 15th. The restaurant operator reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.02). The business had revenue of $540.65 million for the quarter, compared to analysts’ expectations of $546.47 million. Wendy’s had a return on equity of 56.24% and a net margin of 9.37%. Wendy’s’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.22 EPS. 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 Price Performance

WEN stock opened at $19.99 on Wednesday. The business has a 50 day moving average price of $18.65 and a 200 day moving average price of $19.02. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 20.40, a PEG ratio of 2.03 and a beta of 0.82. Wendy’s has a fifty-two week low of $17.64 and a fifty-two week high of $23.90. The company has a quick ratio of 2.18, a current ratio of 2.19 and a debt-to-equity ratio of 10.66.

Wendy’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 5.00%. The ex-dividend date of this dividend was Thursday, February 29th. Wendy’s’s payout ratio is 102.04%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on WEN. BMO Capital Markets decreased their target price on Wendy’s from $22.00 to $20.00 and set a “market perform” rating for the company in a research note on Friday, February 16th. Stephens began coverage on Wendy’s in a research note on Friday, April 12th. They issued an “equal weight” rating and a $20.00 price objective for the company. Sanford C. Bernstein cut Wendy’s from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $24.00 to $20.00 in a research note on Thursday, February 22nd. TD Cowen reiterated a “hold” rating and issued a $19.00 price objective on shares of Wendy’s in a research note on Wednesday, April 10th. Finally, Barclays cut Wendy’s from an “overweight” rating to an “equal weight” rating and reduced their price objective for the company from $23.00 to $21.00 in a research note on Wednesday, January 3rd. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $22.53.

Insider Buying and Selling

In related news, Director Kenneth W. Gilbert sold 4,500 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $18.07, for a total transaction of $81,315.00. Following the transaction, the director now owns 31,304 shares of the company’s stock, valued at $565,663.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.10% of the stock is currently owned by corporate insiders.

Wendy’s Company Profile

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.