BMO Capital Markets Has Negative Earnings Outlook Update for Wendys (WEN)
BMO Capital Markets lowered their EPS estimates on shares of Wendys (NYSE: WEN) in a research note issued on Wednesday. The firm currently has a “market perform” rating and a $5.00 price target on the company’s shares.
A number of other firms have also recently commented on WEN. Analysts at Deutsche Bank (NYSE: DB) cut their price target on shares of Wendys from $5.00 to $4.40 in a research note to investors on Wednesday. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Wendys in a research note to investors on Thursday, March 15th. They now have a $5.00 price target on the stock. Finally, analysts at Janney Montgomery Scott downgraded shares of Wendys from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, March 1st.
Shares of Wendys opened at 4.50 on Wednesday. Wendys has a one year low of $4.29 and a one year high of $5.62. The company has a market cap of $1.755 billion and a P/E ratio of 225.00.
Wendys last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by $0.02. The company’s revenue for the quarter was up 1.8% on a year-over-year basis. On average, analysts predict that Wendys will post $0.05 earnings per share next quarter.
Wendy’s/Arby’s Group, Inc. is the parent company of its wholly owned subsidiary holding company, Wendy’s/Arby’s Restaurants, LLC (Wendy’s/Arby’s Restaurants).