Wall Street analysts predict that Yum! Brands, Inc. (NYSE: YUM) will report revenue of $ 1.88 billion for the current quarter, Zacks reports. Six analysts provided estimates for Yum! Brand profits, with the lowest sales estimate at $ 1.85 billion and the highest estimate at $ 1.91 billion. Yum! The brands posted sales of $ 1.74 billion in the same quarter last year, suggesting a positive growth rate of 8% year-over-year. The company is expected to release its next quarterly results on Thursday, February 3.
On average, analysts expect Yum! The brands will report annual sales of $ 6.58 billion for the current fiscal year, with estimates ranging from $ 6.54 billion to $ 6.61 billion. For the next fiscal year, analysts predict the company will post sales of $ 7.07 billion, with estimates ranging from $ 6.95 billion to $ 7.18 billion. Zacks’ sales averages are an average based on a survey of sales-side research analysts who follow Yum! Brands.
Yum! Brands (NYSE: YUM) last released its quarterly earnings data on Wednesday, October 27. The restaurateur reported earnings per share of $ 1.22 for the quarter, beating the consensus estimate of $ 1.08 by $ 0.14. Yum! The brands have a negative return on equity of 17.76% and a net margin of 24.50%. The company posted revenue of $ 1.61 billion in the quarter, compared to analysts’ expectations of $ 1.59 billion. During the same period of the previous year, the company achieved earnings per share of $ 1.01. Yum! Brand revenue for the quarter increased 10.9% compared to the same quarter last year.
YUM has been the subject of several research reports. Citigroup cut Yum! Brands go from an “outperformance” rating to a “market performance” rating in a research report from Thursday, August 26. MKM Partners have lifted Yum! The brands went from a “neutral” rating to a “buy” rating and raised their target price for the share from $ 142.00 to $ 145.00 in a research report released on Thursday, October 28. Deutsche Bank Aktiengesellschaft has raised its price target on Yum! Marks $ 113.00 to $ 142.00 and gave the stock a “buy” rating in a research report on Friday, July 30. Wells Fargo & Company has lowered its price target on Yum! Marks $ 147.00 to $ 144.00 and set an “overweight” rating for the company in a research note on Monday, October 18. Finally, Cowen increased his target price on Yum! Marks $ 117.00 to $ 134.00 and gave the stock a “market performance” rating in a Friday July 30 research note. One analyst rated the stock with a sell rating, eleven assigned a conservation rating, and nine assigned a buy rating to the stock. According to MarketBeat, the company has an average “Hold” rating and a consensus price target of $ 129.85.
In other Yum! Brands news CEO Anthony Lowings sold 4,114 shares of the company in a transaction dated Wednesday, August 11. The stock was sold for an average price of $ 133.39, for a total trade of $ 548,766.46. As a result of the transaction, the CEO now owns 47,890 shares of the company, valued at $ 6,388,047.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In addition, CEO David W. Gibbs sold 1,409 shares of the company in a transaction dated Friday, October 15. The stock was sold for an average price of $ 126.19, for a total value of $ 177,801.71. Disclosure of this sale can be found here. During the last quarter, insiders sold 8,426 shares of the company valued at $ 1,108,618. 0.37% of the shares are held by insiders of the company.
Several large investors have recently increased or reduced their holdings in YUM. Moors & Cabot Inc. raised its holdings of shares of Yum! Brands of 222.8% in the 3rd quarter. Moors & Cabot Inc. now owns 25,000 shares of the restaurateur valued at $ 25,000 after purchasing an additional 17,255 shares last quarter. Baldrige Asset Management LLC bought a new position in the shares of Yum! Brands during the 2nd quarter valued at approximately $ 26,000. Capital Directions Investment Advisors LLC bought a new position in Yum! Brands during the 2nd quarter valued at approximately $ 29,000. Nvwm LLC bought a new position in the shares of Yum! Brands during the 3rd quarter valued at approximately $ 29,000. Finally, Ellevest Inc. raised its holdings of Yum! Brands of 129.8% in the 3rd quarter. Ellevest Inc. now owns 278 restaurateur shares valued at $ 34,000 after purchasing 157 additional shares in the last quarter. Institutional investors and hedge funds hold 78.26% of the company’s shares.
YUM shares opened at $ 126.68 on Friday. The stock has a market cap of $ 37.45 billion, a P / E ratio of 24.41, a price / earnings-growth ratio of 2.33 and a beta of 1.06. Yum! Brands has a one-year low of $ 99.13 and a one-year high of $ 135.77. The stock has a fifty-day moving average price of $ 126.28 and a 200-day moving average price of $ 123.51.
The company also recently declared a quarterly dividend, which was paid on Friday, September 10. Investors of record on Friday August 27 received a dividend of $ 0.50. This represents an annualized dividend of $ 2.00 and a return of 1.58%. The ex-dividend date was Thursday, August 26. Yum! Brands’ dividend payout ratio is 55.25%.
Yum! Brands Company Profile
Yum! Brands, Inc operates as a service restoration business. The company engages in the development, operation, franchise and licensing of a restaurant system. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division and Habit Burger Grill Division. The KFC division segment includes all operations of the KFC concept.
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