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

Wendy’s (NASDAQ:WEN) will post its quarterly earnings results before the market opens on Thursday, August 1st. Analysts expect Wendy’s to post earnings of $0.28 per share for the quarter. Wendy’s has set its FY24 guidance at $0.98-1.02 EPS.Individual that wish to register for the company’s earnings conference call can do so using this link.

Wendy’s (NASDAQ:WEN) last posted its earnings results on Thursday, May 2nd. The restaurant operator reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.21 by $0.02. The firm had revenue of $534.80 million during the quarter, compared to analyst estimates of $540.84 million. Wendy’s had a net margin of 9.44% and a return on equity of 62.68%. The business’s quarterly revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.21 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

Shares of NASDAQ WEN opened at $17.43 on Wednesday. The firm has a market cap of $3.58 billion, a PE ratio of 17.61, a PEG ratio of 1.87 and a beta of 0.76. The firm has a fifty day moving average of $16.92 and a 200 day moving average of $18.16. The company has a debt-to-equity ratio of 11.21, a quick ratio of 2.02 and a current ratio of 2.04. Wendy’s has a one year low of $15.61 and a one year high of $22.42.

Wendy’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 3rd were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.74%. The ex-dividend date of this dividend was Monday, June 3rd. Wendy’s’s payout ratio is presently 101.01%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price target on shares of Wendy’s from $21.00 to $23.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JPMorgan Chase & Co. boosted their price target on shares of Wendy’s from $19.00 to $20.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. BMO Capital Markets boosted their price target on shares of Wendy’s from $20.00 to $22.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Loop Capital reaffirmed a “buy” rating and set a $26.00 target price on shares of Wendy’s in a research note on Monday, July 15th. Finally, Wedbush lowered their target price on shares of Wendy’s from $21.00 to $19.50 and set a “neutral” rating on the stock in a research note on Friday, July 19th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $21.03.

Insider Activity

In other news, CMO Juan Carlos Loredo sold 44,806 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $19.50, for a total transaction of $873,717.00. Following the transaction, the chief marketing officer now owns 27,586 shares of the company’s stock, valued at approximately $537,927. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 17.10% of the company’s stock.

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.