Zacks: Analysts Anticipate Yum! Brands, Inc. (NYSE:YUM) Will Post Earnings of $1.07 Per Share

Equities analysts predict that Yum! Brands, Inc. (NYSE:YUM) will announce earnings of $1.07 per share for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Yum! Brands’ earnings, with the highest EPS estimate coming in at $1.14 and the lowest estimate coming in at $1.00. Yum! Brands posted earnings per share of $1.01 in the same quarter last year, which indicates a positive year over year growth rate of 5.9%. The company is scheduled to announce its next quarterly earnings results before the market opens on Thursday, October 28th.

On average, analysts expect that Yum! Brands will report full-year earnings of $4.43 per share for the current fiscal year, with EPS estimates ranging from $4.00 to $4.58. For the next fiscal year, analysts forecast that the company will post earnings of $4.82 per share, with EPS estimates ranging from $4.40 to $5.03. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Yum! Brands.

Yum! Brands (NYSE:YUM) last issued its earnings results on Wednesday, July 28th. The restaurant operator reported $1.16 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.95 by $0.21. Yum! Brands had a negative return on equity of 16.99% and a net margin of 21.21%. The firm had revenue of $1.60 billion for the quarter, compared to analysts’ expectations of $1.47 billion. During the same quarter last year, the firm earned $0.82 earnings per share.

YUM has been the topic of a number of research analyst reports. Citigroup cut Yum! Brands from an “outperform” rating to a “market perform” rating in a report on Thursday, August 26th. Cowen raised their price objective on Yum! Brands from $117.00 to $134.00 and gave the company a “market perform” rating in a research report on Friday, July 30th. Royal Bank of Canada raised their price objective on Yum! Brands from $124.00 to $136.00 and gave the company a “sector perform” rating in a research report on Friday, July 30th. Guggenheim began coverage on Yum! Brands in a research report on Monday, July 26th. They issued a “buy” rating and a $135.00 price objective on the stock. Finally, Barclays raised their price objective on Yum! Brands from $115.00 to $121.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 1st. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $127.63.

In other news, CEO David W. Gibbs sold 1,469 shares of the business’s stock in a transaction that occurred on Monday, August 16th. The stock was sold at an average price of $134.48, for a total transaction of $197,551.12. Following the completion of the transaction, the chief executive officer now directly owns 22,255 shares in the company, valued at $2,992,852.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Anthony Lowings sold 2,517 shares of the company’s stock in a transaction that occurred on Thursday, July 1st. The stock was sold at an average price of $115.49, for a total value of $290,688.33. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 34,606 shares of company stock valued at $4,433,076. 0.37% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of YUM. Baldrige Asset Management LLC bought a new position in shares of Yum! Brands in the second quarter valued at $26,000. Evoke Wealth LLC raised its stake in Yum! Brands by 964.0% during the 1st quarter. Evoke Wealth LLC now owns 266 shares of the restaurant operator’s stock valued at $29,000 after purchasing an additional 241 shares during the period. Capital Directions Investment Advisors LLC acquired a new stake in Yum! Brands during the 2nd quarter valued at $29,000. Total Clarity Wealth Management Inc. acquired a new stake in Yum! Brands during the 1st quarter valued at $32,000. Finally, Logan Capital Management Inc. acquired a new stake in Yum! Brands during the 1st quarter valued at $32,000. 78.31% of the stock is currently owned by institutional investors.

Yum! Brands stock traded down $0.55 during midday trading on Thursday, reaching $127.94. The stock had a trading volume of 1,781,834 shares, compared to its average volume of 1,579,996. Yum! Brands has a twelve month low of $88.08 and a twelve month high of $135.77. The stock has a market capitalization of $37.83 billion, a PE ratio of 29.34, a price-to-earnings-growth ratio of 2.44 and a beta of 1.09. The stock’s 50-day simple moving average is $128.39 and its 200 day simple moving average is $119.65.

The business also recently announced a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 27th were paid a $0.50 dividend. The ex-dividend date was Thursday, August 26th. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Yum! Brands’s payout ratio is currently 55.25%.

About Yum! Brands

Yum! Brands, Inc operates as a service restaurant company. The firm engages in the development, operation, franchise, and licenses a system of restaurants. It operates through the following segments: KFC Division, Pizza Hut Division, Taco Bell Division, and Habit Burger Grill Division. The KFC Division segment comprises of all operations of the KFC concept.

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Earnings History and Estimates for Yum! Brands (NYSE:YUM)

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