Wendy’s (WEN) Expected to Announce Earnings on Thursday

Wendy’s (NASDAQ:WEN) is projected to post its quarterly earnings results before the market opens on Thursday, February 13th. Analysts expect Wendy’s to post earnings of $0.24 per share and revenue of $562.35 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Wendy’s Stock Down 0.9 %

WEN stock opened at $14.95 on Thursday. The stock has a market capitalization of $3.05 billion, a PE ratio of 15.74, a price-to-earnings-growth ratio of 2.25 and a beta of 0.77. The company has a fifty day moving average of $16.04 and a 200-day moving average of $17.23. The company has a debt-to-equity ratio of 12.64, a quick ratio of 2.08 and a current ratio of 2.10. Wendy’s has a one year low of $13.98 and a one year high of $20.65.

Analysts Set New Price Targets

A number of brokerages recently commented on WEN. Truist Financial raised their price objective on shares of Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Stephens reissued an “equal weight” rating and issued a $19.00 price target on shares of Wendy’s in a report on Tuesday, November 19th. Wedbush reaffirmed a “neutral” rating and set a $20.00 price objective on shares of Wendy’s in a report on Friday, November 1st. BMO Capital Markets raised their target price on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Finally, Morgan Stanley restated an “underweight” rating and set a $14.00 target price (down from $22.00) on shares of Wendy’s in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.71.

About Wendy’s

The Wendy’s Co engages in operating, developing, and franchising a system of quick-service restaurants. It offers hamburgers and related products, such as chicken breast sandwiches, nuggets, chili, and baked potatoes, French fries, freshly prepared salads, soft drinks, milk, coffee, frosty deserts, and kid’s meals.