Wendys (NASDAQ:WEN) is set to post its quarterly earnings results before the market opens on Thursday, February 21st. Analysts expect Wendys to post earnings of $0.15 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.
WEN opened at $18.00 on Tuesday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 41.86, a PEG ratio of 1.29 and a beta of 0.80. Wendys has a 1 year low of $14.96 and a 1 year high of $18.68. The company has a quick ratio of 2.51, a current ratio of 2.52 and a debt-to-equity ratio of 3.52.
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The business also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Friday, March 1st will be given a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.22%. This is an increase from Wendys’s previous quarterly dividend of $0.09. Wendys’s dividend payout ratio is presently 79.07%.
In other Wendys news, COO Robert D. Wright sold 28,300 shares of the company’s stock in a transaction dated Wednesday, November 21st. The stock was sold at an average price of $17.78, for a total value of $503,174.00. Following the sale, the chief operating officer now owns 48,467 shares in the company, valued at approximately $861,743.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 23.10% of the company’s stock.
WEN has been the subject of a number of recent analyst reports. ValuEngine upgraded Wendys from a “hold” rating to a “buy” rating in a research report on Saturday, November 10th. Stifel Nicolaus downgraded Wendys from a “buy” rating to a “hold” rating in a research report on Monday, January 7th. Oppenheimer upgraded Wendys from a “market perform” rating to an “outperform” rating and set a $20.00 target price for the company in a research report on Wednesday, January 9th. Wedbush downgraded Wendys from an “outperform” rating to a “neutral” rating and cut their target price for the company from $20.00 to $17.50 in a research report on Wednesday, January 9th. Finally, Wells Fargo & Co cut their target price on Wendys from $18.00 to $17.50 and set a “market perform” rating for the company in a research report on Thursday, November 8th. Nine investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Wendys has a consensus rating of “Buy” and a consensus target price of $19.65.
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The Wendy's Company, through its subsidiaries, operates as a quick-service restaurant company. It is involved in operating, developing, and franchising a system of quick-service restaurants specializing in hamburger sandwiches. The company's restaurants offer a range of chicken breast sandwiches, chicken nuggets, chili, French fries, baked potatoes, salads, soft drinks, desserts, and kids' meals.
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