Published: Fri, May 12, 2017
Entertaiment | By Lawrence Myers

The Wendys (NASDAQ:WEN) reports 1Q17 Profit Down 18%; Topline Descents 25%

The Wendys (NASDAQ:WEN) reports 1Q17 Profit Down 18%; Topline Descents 25%

As the earnings date approaches, we can see that insider ownership is now 6.90% shares, and institutional ownership is at 79.60% for The Wendy's Company (NASDAQ:WEN) stock.

Last time, the company failed Wall Street by reporting EPS of $0.08, smashing the consensus of $0.09 per share.

Shares of Wendys (NASDAQ:WEN) traded up 0.38% during trading on Thursday, hitting $15.93. Over the trailing year, the stock is outperforming the S&P 500 by 25.83, and it's gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. The firm's stock has a market capitalization of $3.68 bln. Wendys Co has a one year low of $9.15 and a one year high of $16.02. However the price at the close of last session was 9.10% higher than its 50-day moving average and 23.02% over its 200-day moving average.

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Investors were feasting on shares in Wendy's on Wednesday after the USA fast food company bucked tough industry trading conditions to post better-than-expected first-quarter earnings. The restaurant operator reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01.

17 analysts on average are expecting the company to report revenue of $299.24 Million for the current quarter. During the same period in the previous year, the company posted $0.11 earnings per share.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Thursday, June 1st will be issued a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 1.76%. Wendys's dividend payout ratio (DPR) is now 38.24%. Looking at this figure it suggests that the shares of The Wendy's Company (WEN) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that The Wendy's Company (WEN) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. On average, equities analysts predict that Wendys will post $0.46 earnings per share for the current fiscal year. Instinet reissued a "neutral" rating and set a $15.00 target price (up previously from $11.00) on shares of Wendys in a research report on Thursday.

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TRADEMARK VIOLATION WARNING: "Wendys Co (WEN) Given Sector Perform Rating at Royal Bank of Canada" was first published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this news story on another publication, it was illegally stolen and reposted in violation of global copyright & trademark laws. Stoneridge Investment Partners LLC purchased a new position in Wendys during the third quarter worth about $1,105,000. The number of shares now owned by investors are 243.61 mln. LS Investment Advisors LLC boosted its stake in Wendys by 0.7% in the third quarter. The company has PEG ratio of 1.96 and price to cash ratio of 19.51.

According to a CNBC report, Wendy's isn't feeling the pressure from McDonald's recent move to offer never frozen beef at its stores. JP Morgan raised its rating on The Wendy's Company to Overweight on 24/02/2017 in a reversal from its prior Neutral rating.

Wendy's outlook could be a sign the company is offering a superior value proposition against its peers and will continue to do so moving forward.

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