Wendy’s (NASDAQ:WEN) Issues Earnings Results, Beats Expectations By $0.01 EPS

Wendy’s (NASDAQ:WEN) announced its earnings results on Thursday. The restaurant operator reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01, Zacks reports. Wendy’s had a net margin of 8.76% and a return on equity of 70.02%.

Wendy’s Price Performance

Wendy’s stock traded down $0.11 during midday trading on Thursday, hitting $14.12. The company’s stock had a trading volume of 2,328,133 shares, compared to its average volume of 4,440,820. The stock’s 50-day moving average price is $15.67 and its 200-day moving average price is $17.15. The company has a market capitalization of $2.88 billion, a PE ratio of 14.86, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The company has a quick ratio of 2.08, a current ratio of 2.10 and a debt-to-equity ratio of 12.64. Wendy’s has a 12 month low of $13.72 and a 12 month high of $20.65.

Analyst Ratings Changes

WEN has been the subject of several analyst reports. Wedbush reiterated a “neutral” rating and issued a $20.00 price target on shares of Wendy’s in a report on Friday, November 1st. Stifel Nicolaus dropped their price target on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Friday, January 10th. Truist Financial upped 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 restated an “equal weight” rating and set a $15.00 target price on shares of Wendy’s in a research note on Thursday. Finally, Morgan Stanley reiterated an “underweight” rating and issued a $14.00 price target (down previously from $22.00) on shares of Wendy’s in a research note on Tuesday, January 21st. Two investment 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 company. Based on data from MarketBeat.com, Wendy’s presently has a consensus rating of “Hold” and a consensus target price of $19.43.

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.