On Tuesday, Shares of Wendy’s Company (NASDAQ: WEN) gained 0.98% to $17.45. The stock opened its trade at $17.31 and after floating in a price range of $17.26 to $17.48; the stock grabbed the investor’s attention and traded 1.37M shares as compared to its average daily volume of 3.32M shares. The stock’s institutional ownership stands at 81.30%.
Wendy’s Co. (WEN) stated first-quarter net income of $20.20M. On a per-share basis, the Dublin, Ohio-based company said it had net income of 8 cents. Earnings, adjusted for non-recurring costs, came to 11 cents per share. The results topped Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of 10 cents per share.
The hamburger chain posted revenue of $380.60M in the period, also topping Street forecasts. Seven analysts surveyed by Zacks expected $3800M. Wendy’s anticipates full-year earnings in the range of 55 cents to 57 cents per share.
WEN has a market value of $4.17B while its EPS was booked as $0.20 in the last 12 months. The stock has 238.94M shares outstanding. In the profitability analysis, the company has gross profit margin of 59.90% while net profit margin was 14.60%. Beta value of the company was 0.56; beta is used to measure riskiness of the security. Analyst recommendation for this stock stands at 2.00.