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.
Source: DailyPolitical