FAT Brands (FAT) Set to Announce Earnings on Wednesday

FAT Brands (NASDAQ:FAT) is scheduled to be posting its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect FAT Brands to post earnings of ($2.00) per share for the quarter.

FAT Brands (NASDAQ:FAT) last issued its earnings results on Wednesday, May 1st. The company reported ($2.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.39) by ($0.98). The firm had revenue of $151.97 million during the quarter, compared to analyst estimates of $163.35 million. On average, analysts expect FAT Brands to post $-8 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

FAT Brands Price Performance

Shares of FAT traded down $0.16 during mid-day trading on Tuesday, reaching $5.47. The company had a trading volume of 6,352 shares, compared to its average volume of 25,704. FAT Brands has a twelve month low of $4.51 and a twelve month high of $9.48. The company’s 50-day moving average is $5.24 and its 200-day moving average is $6.77. The company has a market capitalization of $86.10 million, a P/E ratio of -0.89 and a beta of 1.82.

FAT Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 10.24%. This is a boost from FAT Brands’s previous quarterly dividend of $0.13. The ex-dividend date of this dividend is Thursday, August 15th. FAT Brands’s dividend payout ratio (DPR) is currently -9.08%.

FAT Brands Company Profile

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.