Yum! Brands (NYSE:YUM) Announces Quarterly Earnings Results, Beats Estimates By $0.30 EPS
Yum! Brands (NYSE:YUM) released its quarterly earnings results on Thursday. The restaurant operator reported $0.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.30, MarketWatch Earnings reports. Yum! Brands had a negative return on equity of 12.42% and a net margin of 18.78%. The company had revenue of $1.20 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The business’s revenue for the quarter was down 8.5% compared to the same quarter last year.
YUM stock opened at $91.05 on Friday. The stock has a 50-day moving average price of $89.28 and a two-hundred day moving average price of $89.05. Yum! Brands has a 12-month low of $54.95 and a 12-month high of $119.72. The company has a market cap of $27.40 billion, a PE ratio of 27.93, a price-to-earnings-growth ratio of 2.58 and a beta of 0.95.
A number of equities analysts have recently weighed in on the company. Wolfe Research assumed coverage on Yum! Brands in a report on Friday, April 17th. They issued a “market perform” rating for the company. Wells Fargo & Co boosted their price target on Yum! Brands from $85.00 to $94.00 and gave the stock an “equal weight” rating in a report on Thursday, April 30th. Cfra cut their price target on Yum! Brands from $110.00 to $94.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Royal Bank of Canada boosted their price target on Yum! Brands from $87.00 to $94.00 and gave the stock a “sector perform” rating in a report on Friday. Finally, MKM Partners boosted their price target on Yum! Brands from $75.00 to $90.00 in a report on Wednesday, June 24th. Seventeen research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Yum! Brands has a consensus rating of “Hold” and a consensus price target of $101.55.
About Yum! Brands
YUM! Brands, Inc, together with its subsidiaries, develops, operates, and franchises quick service restaurants worldwide. It operates in three segments: the KFC Division, the Pizza Hut Division, and the Taco Bell Division. The company operates restaurants under the KFC, Pizza Hut, and Taco Bell brands, which specialize in chicken, pizza, and Mexican-style food categories.
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