Brokers Issue Forecasts for The Wendy’s Company’s FY2024 Earnings (NASDAQ:WEN)

The Wendy’s Company (NASDAQ:WEN) – Investment analysts at Zacks Research decreased their FY2024 earnings estimates for Wendy’s in a research note issued to investors on Wednesday, August 14th. Zacks Research analyst H. Ray now expects that the restaurant operator will post earnings per share of $0.98 for the year, down from their prior estimate of $1.02. The consensus estimate for Wendy’s’ current full-year earnings is $1.00 per share. Zacks Research also issued estimates for Wendy’s’ Q1 2025 earnings at $0.24 EPS, FY2025 earnings at $1.06 EPS and FY2026 earnings at $1.17 EPS.

Other equities research analysts also recently issued research reports about the stock. JPMorgan Chase & Co. upped their price target on shares of Wendy’s from $19.00 to $20.00 and gave the company a “neutral” rating in a research report on Monday, June 3rd. Citigroup upped their price target on shares of Wendy’s from $20.00 to $21.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. BMO Capital Markets reduced their price target on shares of Wendy’s from $22.00 to $19.00 and set a “market perform” rating for the company in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Wendy’s from $20.00 to $18.00 and set a “hold” rating for the company in a research report on Friday, August 2nd. Finally, Barclays reduced their price target on shares of Wendy’s from $20.00 to $18.00 and set an “equal weight” rating for the company in a research report on Friday, August 2nd. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Wendy’s presently has a consensus rating of “Hold” and a consensus target price of $20.13.

Wendy’s Trading Down 0.9 %

Shares of NASDAQ:WEN opened at $16.78 on Monday. The stock has a market capitalization of $3.44 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.88 and a beta of 0.76. Wendy’s has a 1-year low of $15.61 and a 1-year high of $20.84. The company has a debt-to-equity ratio of 12.01, a quick ratio of 2.02 and a current ratio of 2.17. The company has a 50 day moving average price of $16.83 and a 200 day moving average price of $17.94.

Wendy’s (NASDAQ:WEN) last issued its earnings results on Thursday, August 1st. The restaurant operator reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.28 by ($0.01). The business had revenue of $570.73 million for the quarter, compared to the consensus estimate of $577.15 million. Wendy’s had a return on equity of 67.74% and a net margin of 9.18%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.28 earnings per share.

Wendy’s Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.00 annualized dividend and a dividend yield of 5.96%. Wendy’s’s dividend payout ratio (DPR) is 101.01%.

Insider Transactions at Wendy’s

In related news, Director Matthew H. Peltz sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $17.18, for a total value of $17,180,000.00. Following the transaction, the director now directly owns 14,943,466 shares in the company, valued at approximately $256,728,745.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 17.10% of the stock is currently owned by company insiders.

Institutional Trading of Wendy’s

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Salomon & Ludwin LLC grew its position in Wendy’s by 378.0% in the 1st quarter. Salomon & Ludwin LLC now owns 1,568 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 1,240 shares during the last quarter. Quarry LP acquired a new stake in Wendy’s in the 4th quarter worth $34,000. Bessemer Group Inc. grew its position in Wendy’s by 483.2% in the 1st quarter. Bessemer Group Inc. now owns 1,872 shares of the restaurant operator’s stock worth $35,000 after purchasing an additional 1,551 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in Wendy’s in the 2nd quarter worth $33,000. Finally, Quadrant Capital Group LLC grew 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 worth $41,000 after purchasing an additional 1,255 shares during the last quarter. 85.96% of the stock is currently owned by institutional investors and hedge funds.

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.