Wendy’s (NASDAQ:WEN) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Wendy’s (NASDAQ:WENGet Rating) announced its quarterly earnings data on Wednesday. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.18 by ($0.01), MarketWatch Earnings reports. Wendy’s had a return on equity of 35.44% and a net margin of 10.56%. During the same quarter in the prior year, the company posted $0.20 earnings per share. Wendy’s updated its FY 2022 guidance to $0.82-$0.86 EPS.

NASDAQ WEN traded up $1.12 on Thursday, hitting $17.19. The stock had a trading volume of 414,352 shares, compared to its average volume of 2,460,200. The business’s fifty day moving average price is $20.77 and its 200 day moving average price is $21.96. The company has a debt-to-equity ratio of 6.68, a current ratio of 1.39 and a quick ratio of 1.37. Wendy’s has a 52-week low of $15.77 and a 52-week high of $29.46. The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.74 and a beta of 0.95.

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 15th. Shareholders of record on Monday, March 7th were issued a $0.125 dividend. This is a positive change from Wendy’s’s previous quarterly dividend of $0.12. This represents a $0.50 annualized dividend and a yield of 2.91%. The ex-dividend date of this dividend was Friday, March 4th. Wendy’s’s payout ratio is currently 56.18%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Canada Pension Plan Investment Board purchased a new position in Wendy’s in the fourth quarter worth $66,000. Cetera Advisor Networks LLC purchased a new stake in shares of Wendy’s during the first quarter valued at $215,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Wendy’s during the first quarter valued at $221,000. HB Wealth Management LLC purchased a new stake in shares of Wendy’s during the fourth quarter valued at $272,000. Finally, D. E. Shaw & Co. Inc. purchased a new stake in shares of Wendy’s during the fourth quarter valued at $296,000. 69.97% of the stock is currently owned by institutional investors and hedge funds.

Several analysts have issued reports on WEN shares. Barclays decreased their price objective on shares of Wendy’s from $28.00 to $25.00 in a research note on Thursday. Truist Financial decreased their price objective on shares of Wendy’s from $29.00 to $27.00 in a research note on Thursday. Credit Suisse Group decreased their price objective on shares of Wendy’s from $27.00 to $22.00 in a research note on Thursday. BMO Capital Markets downgraded shares of Wendy’s from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $28.00 to $22.00 in a research note on Monday, April 18th. Finally, Citigroup decreased their price objective on shares of Wendy’s from $23.00 to $18.50 in a research note on Thursday. One analyst has rated the stock with a sell rating, eight have issued a hold rating and eleven have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $26.12.

Wendy’s Company Profile (Get Rating)

The Wendy's Company, together with its subsidiaries, operates as a quick-service restaurant company. It operates through three segments: Wendy's U.S., Wendy's International, and Global Real Estate & Development. The company is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches.

See Also

Earnings History for Wendy's (NASDAQ:WEN)

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