Overview
- The Wendy’s Company is scheduled to release third-quarter results before the market opens on Friday, Nov. 7.
- Consensus forecasts call for earnings of $0.20 per share and revenue of $534.51 million, following a second-quarter beat of $0.29 versus a $0.26 estimate.
- Wall Street turned more guarded in October, with Stifel trimming its target to $11, Barclays to $9, Goldman to $9 with a Sell, Mizuho starting at Underperform with $8, and Jefferies cutting to $9 with Hold.
- Shares showed choppy trading into the print, closing up 2.1% at $9.08 on Wednesday and down 2.8% at $8.83 on Thursday.
- Income-focused investors note a 6.17% annual dividend yield based on a $0.14 quarterly payout, with Benzinga’s example showing roughly 10,714 shares needed for about $6,000 in yearly dividends.