SunTrust Banks Research Analysts Lift Earnings Estimates for Wendys Co (NASDAQ:WEN)

Longbow Research Wendy's Could Fall Short Of Consensus In Q4

Longbow Research Wendy's Could Fall Short Of Consensus In Q4

The stock has a consensus rating of "Hold" and an average target price of $16.84. This showed a surprise of -25% in the last quarter earnings.

Wendys (NASDAQ:WEN) last announced its earnings results on Wednesday, November 8th. Five analysts have made estimates for Wendys' earnings, with the lowest sales estimate coming in at $309.14 million and the highest estimate coming in at $319.58 million. Wendy's Company (The) had a return on equity of 16.62% and a net margin of 11.74%.

Analysts are also projecting an Average Revenue Estimate for The Wendy's Company as $315050 in the Current Quarter. Bartlett now expects that the restaurant operator will earn $0.18 per share for the quarter, up from their previous forecast of $0.15. The total dollar value of all 787.30 million outstanding shares is 31.22 billion. This will reduce the number of "whipsaws", which is good, but will also generate signals later than when using shorter term averages. The stock exchanged hands with 348,775 numbers of shares compared to its average daily volume of 5.16M shares. BMO Capital Markets dropped their target price on shares of Wendys from $19.00 to $17.00 and set an "outperform" rating for the company in a research note on Thursday, November 9th. Stifel Nicolaus initiated coverage on shares of Wendys in a research note on Monday, October 2nd. Three investment analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company. TheStreet raised shares of Wendys from a "c+" rating to a "b-" rating in a research report on Thursday, December 28th. Finally, SunTrust Banks boosted their price target on shares of Wendys to $22.00 in a research note on Wednesday, January 3rd. Zacks Investment Research lowered shares of Wendys from a "hold" rating to a "sell" rating in a research report on Thursday, November 9th. The company presently has an average rating of "Hold" and an average target price of $12.55.

Monroe National Bank & Trust Tru Mi has invested 0.01% in The Wendy's Company (NASDAQ:WEN). The decline came at a share volume of 4.78 million compared to average share volume of 3.49 million. Their 52-Week High and Low are noted here. The firm has a market cap of $4,180.00, a PE ratio of 68.96, a PEG ratio of 2.24 and a beta of 0.93. The company has a current ratio of 1.80, a quick ratio of 1.78 and a debt-to-equity ratio of 5.83. Legal & General Group Plc grew its holdings in shares of Wendys by 8.5% during the second quarter. WFG Advisors LP now owns 7,017 shares of the restaurant operator's stock valued at $109,000 after buying an additional 2,344 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Wendys by 10.2% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,495 shares of the restaurant operator's stock worth $116,000 after buying an additional 692 shares in the last quarter. Riverhead Capital Management LLC boosted its holdings in Wendys by 75.7% during the second quarter. Riverhead Capital Management LLC now owns 9,312 shares of the restaurant operator's stock worth $144,000 after purchasing an additional 4,012 shares during the last quarter. Sheaff Brock Investment Advisors LLC acquired a new position in Wendys during the second quarter worth $219,000. Dynamic Technology Lab Private Ltd purchased a new position in Wendy's Company (The) during the second quarter valued at $137,000. Some investors may watch sell-side targets very closely and use the information to help with their own stock research.

Wendys (WEN) traded down $0.09 on Friday, reaching $17.24. The shares were purchased at an average cost of $14.29 per share, with a total value of $142,900.00. Corporate insiders own 26.50% of the company's stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. A company with a high P/E ratio usually indicated positive future performance and investors are willing to pay more for this company's shares. Its down 0.25, from 1.04 in 2017Q2. The rating was downgraded by JP Morgan to "Neutral" on Thursday, February 11. Wendys's payout ratio is now 112.00%. This estimate is provided by 18 analysts. If you are viewing this piece on another site, it was copied illegally and republished in violation of United States and global trademark and copyright laws. Worldwide restaurants within the company's system are those based outside Canada and the U.S., and comprise restaurants in the United States' territories of Puerto Rico, Guam and U.S. Virgin Islands.