Nomura Downgraded Wendys Co (WEN)

Wendys Co (NASDAQ:WEN) was downgraded by stock analysts at Nomura from a “buy” rating to a “neutral” rating in a note issued to investors on Wednesday, The Fly reports.

Shares of Wendys (NASDAQ:WEN) opened at 9.99 on Wednesday. The firm has a 50-day moving average price of $10.35 and a 200-day moving average price of $10.31. The company has a market capitalization of $2.66 billion and a PE ratio of 19.06. Wendys has a 12 month low of $8.43 and a 12 month high of $11.47.

Wendys (NASDAQ:WEN) last posted its quarterly earnings results on Wednesday, May 11th. The company reported $0.11 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.05. The company earned $378.80 million during the quarter, compared to the consensus estimate of $352.21 million. The firm’s revenue for the quarter was down 16.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.06 earnings per share. On average, equities research analysts predict that Wendys will post $0.39 EPS for the current year.

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