Wendy’s (WEN) Projected to Post Quarterly Earnings on Thursday

Wendy’s (NASDAQ:WEN) is expected to be issuing its quarterly earnings data before the market opens on Thursday, February 13th. Analysts expect the company to announce earnings of $0.24 per share and revenue of $561.99 million for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Wendy’s Price Performance

WEN stock opened at $14.32 on Wednesday. The company has a market cap of $2.92 billion, a PE ratio of 15.07, a price-to-earnings-growth ratio of 2.27 and a beta of 0.77. The company has a current ratio of 2.10, a quick ratio of 2.08 and a debt-to-equity ratio of 12.64. The stock has a 50-day moving average price of $15.75 and a two-hundred day moving average price of $17.17. Wendy’s has a 12-month low of $13.98 and a 12-month high of $20.65.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price target on shares of Wendy’s from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Friday, January 10th. Truist Financial lifted their target price on shares of Wendy’s from $21.00 to $22.00 and gave the company a “buy” rating in a report on Friday, November 1st. BMO Capital Markets increased their price target on Wendy’s from $19.00 to $20.00 and gave the company a “market perform” rating in a report on Friday, November 1st. Stephens restated an “equal weight” rating and set a $19.00 price objective on shares of Wendy’s in a research note on Tuesday, November 19th. Finally, The Goldman Sachs Group lowered their target price on Wendy’s from $17.00 to $15.00 and set a “sell” rating for the company in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $19.65.

Wendy’s Company Profile

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.