Wendy’s (NASDAQ:WEN – Get Free Report) released its quarterly earnings results on Thursday. The restaurant operator reported $0.27 EPS for the quarter, missing the consensus estimate of $0.28 by ($0.01), Briefing.com reports. Wendy’s had a return on equity of 62.68% and a net margin of 9.44%. The firm had revenue of $570.73 million for the quarter, compared to analyst estimates of $577.15 million. During the same period last year, the firm earned $0.28 EPS. The company’s quarterly revenue was up 1.6% on a year-over-year basis. Wendy’s updated its FY24 guidance to $0.98-1.02 EPS and its FY 2024 guidance to 0.980-1.020 EPS.
Wendy’s Price Performance
Shares of NASDAQ WEN traded down $0.08 during trading on Friday, reaching $16.88. The company had a trading volume of 5,201,497 shares, compared to its average volume of 3,557,177. Wendy’s has a twelve month low of $15.61 and a twelve month high of $22.42. The stock has a market capitalization of $3.46 billion, a PE ratio of 17.04, a price-to-earnings-growth ratio of 1.88 and a beta of 0.76. The stock has a 50-day moving average price of $16.90 and a two-hundred day moving average price of $18.15. The company has a current ratio of 2.04, a quick ratio of 2.02 and a debt-to-equity ratio of 11.21.
Wendy’s Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd will be issued a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, September 3rd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.92%. Wendy’s’s dividend payout ratio (DPR) is 101.01%.
Analysts Set New Price Targets
Check Out Our Latest Stock Report on WEN
Insider Transactions at Wendy’s
In other news, CMO Juan Carlos Loredo sold 44,806 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $19.50, for a total value of $873,717.00. Following the completion of the transaction, the chief marketing officer now directly owns 27,586 shares of the company’s stock, valued at $537,927. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 17.10% of the company’s stock.
About Wendy’s
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.
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