The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.09 by $0.01. Wendy’s has a 52 week low of $8.43 and a 52 week high of $11.38. The $2.65B market cap company, which fluctuated between $10.05 and $10.3 during the day, now situated 23.07% above its 52 week low of $8.43 and -9.93% away from its one year high of $11.38. The firm has a SMA 50 (Simple Moving Average) of $9.72 and a SMA 200-(Simple Moving Average) of $10.14.
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Reported earnings per share from continuing operations were $0.10 in the second quarter of 2016, compared to $0.07 in the second quarter of 2015. Analysts surveyed by FactSet expect earnings of 48 cents per share, down from 64 cents per share for the same period previous year. Aside from that, the company lifted its full year forecast. Wall Street expected revenues of $367.56 million for the quarter.
The company’s quarterly revenue down 21.80% on a year-over-year basis.
Wendys Co (NASDAQ:WEN) now has mean rating of 2.4 while 7 analyst have recommended the shares as “BUY”, 4 commented as “OUTPERFORM” and 11 commented as “HOLD”. Looking forward, analysts on average predict that earnings for the current quarter would come in between $0.06 and $0.12. Investors of record on Thursday, September 1st will be given a $0.06 dividend. The ex-dividend date is Tuesday, August 30th. There are 11 equity research firms suggesting a Hold and 0 consider it Sell. Zacks Investment Research raised Wendy’s from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research note on Tuesday, April 26th. WEN Chief People Officer Weisberg Scott A. also Purchased 10,000 shares, at a stock price of $9.36. On May 5, 2016 the shares registered one year high at $11.38 and the one year low of $8.43 was seen on Oct 2, 2015. And roundups of analyst notes show that 7 are rating the stock a buy while 4 rate WEN a strong buy. The stock now has a consensus rating of Hold and a consensus target price of $12.51.
For the second quarter, the Dublin, OH-based fast-food chain reported adjusted earnings of 10 cents per share, higher than analysts’ estimates of 9 cents per share. The shares were acquired at an average price of $10.48 per share, for a total transaction of $104,800.00. Following the completion of the transaction, the insider is left with a stake of 156,604 shares, amounting $1572304. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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The Wendy’s Company, through its subsidiaries, operates as a quick-service restaurant company in the hamburger sandwich segment. It intends to sell a total of 315 restaurants to franchisees this year.
