Analysts Set Q3 2024 Earnings Expectations for Wendy’s (NASDAQ:WEN)

The Wendy’s Company (NASDAQ:WEN – Free Report ) – Zacks Research reduced their Q3 2024 EPS estimates for shares of Wendy’s in a research note issued on Wednesday, August 14th. Zacks Research analyst H. Ray now expects that the restaurant operator will earn $0.26 per share for the quarter, down from their prior estimate of $0.27. The consensus estimate for Wendy’s current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Wendy’s’ Q4 2024 earnings at $0.22 EPS and Q3 2025 earnings at $0.27 EPS.

Wendy’s (NASDAQ:WEN – Get Your Free Report ) last announced its quarterly earnings results on Thursday, August 1st. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01). The business had revenue of $570.73 million during the quarter, compared to analyst estimates of $577.15 million. Wendy’s had a net margin of 9.18% and a return on equity of 67.74%. The company’s revenue for the quarter was up 1.6% year over year. During the same period last year, the company earned $0.28 EPS.

Several other equities analysts have also commented on the stock. Stephens lowered their price objective on shares of Wendy’s from $20.00 to $19.00 and set an “equal weight” rating on the stock in a report on Friday, August 2nd. Citigroup upped their target price on Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. Stifel Nicolaus reduced their price objective on Wendy’s from $20.00 to $19.00 and set a “hold” rating on the stock in a report on Friday, August 2nd. TD Cowen cut their price target on Wendy’s from $19.00 to $17.00 and set a “hold” rating for the company in a report on Wednesday, July 17th. Finally, UBS Group upped their target price on shares of Wendy’s from $20.00 to $21.00 and gave the stock a “neutral” rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Wendy’s currently has a consensus rating of “Hold” and an average target price of $20.13.

See the latest stock report on WEN

Wendy’s trading up 0.4%

Shares of WEN stock opened at $17.19 on Friday. Wendy’s has a 1 year low of $15.61 and a 1 year high of $21.51. The firm has a market cap of $3.53 billion, a PE ratio of 17.36, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. The company has a 50 day moving average of $16.82 and a two hundred day moving average of $18.00. The company has a debt-to-equity ratio of 12.01, a current ratio of 2.17, and a quick ratio of 2.02.

Wendy’s dividend announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a $0.25 dividend. This represents an annualized dividend of $1.00 and a yield of 5.82%. The ex-dividend date of this dividend is Tuesday, September 3rd. Wendy’s’s dividend payout ratio (DPR) is currently 101.01%.

Insider buying and selling at Wendy’s

In other news, Director Matthew H. Peltz sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $17.18, for a total transaction of $17,180,000.00. Following the sale, the director now owns 14,943,466 shares of the company’s stock, valued at approximately $256,728,745.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available via this hyperlink. 17.10% of shares are owned by insiders.

Institutional inputs and outputs

Several large investors have recently modified their holdings of the stock. Salomon & Ludwin LLC boosted its position in shares of Wendy’s by 378.0% in the first quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 1,240 shares during the period. Quarry LP acquired a new stake in shares of Wendy’s in the fourth quarter valued at approximately $34,000. Bessemer Group Inc. raised its position in shares of Wendy’s by 483.2% in the first quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after acquiring an additional 1,551 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of Wendy’s in the second quarter valued at $33,000. Finally, Quadrant Capital Group LLC increased its position in Wendy’s by 145.8% in the 4th quarter. Quadrant Capital Group LLC now owns 2,116 shares of the restaurant operator’s stock valued at $41,000 after buying an additional 1,255 shares in the last quarter. Institutional investors and hedge funds own 85.96% of the company’s shares.

About Wendy’s

(Get a free report)

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 US, Wendy’s International and Global Real Estate & Development segments. The Company is engaged in the operation, development and franchising of a system of quick service restaurants specializing in hamburger sandwiches.

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