Analysts Anticipate Yum! Brands, Inc. (YUM) Will Post Earnings of $0.80 Per Share

Equities analysts expect that Yum! Brands, Inc. (NYSE:YUM) will report earnings of $0.80 per share for the current quarter, Zacks reports. Seven analysts have made estimates for Yum! Brands’ earnings, with estimates ranging from $0.74 to $0.85. Yum! Brands reported earnings of $0.79 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 1.3%. The firm is expected to report its next quarterly earnings report on Thursday, February 8th.

On average, analysts expect that Yum! Brands will report full year earnings of $2.81 per share for the current fiscal year, with EPS estimates ranging from $2.75 to $2.86. For the next fiscal year, analysts forecast that the business will post earnings of $3.18 per share, with EPS estimates ranging from $3.10 to $3.26. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that cover Yum! Brands.

Yum! Brands (NYSE:YUM) last announced its quarterly earnings data on Thursday, November 2nd. The restaurant operator reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.01. Yum! Brands had a net margin of 18.51% and a negative return on equity of 17.19%. The firm had revenue of $1.44 billion for the quarter, compared to analyst estimates of $1.39 billion. During the same quarter in the prior year, the business earned $1.09 earnings per share. The business’s quarterly revenue was down 5.4% compared to the same quarter last year.

Several brokerages have recently weighed in on YUM. Robert W. Baird upped their price objective on shares of Yum! Brands from $78.00 to $83.00 and gave the company a “neutral” rating in a report on Friday, November 3rd. CIBC upped their price objective on shares of Yum! Brands from $80.00 to $85.00 and gave the company an “outperform” rating in a report on Friday, September 8th. Zacks Investment Research lowered shares of Yum! Brands from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Cowen reiterated a “buy” rating and set a $85.00 price objective on shares of Yum! Brands in a report on Friday, September 8th. Finally, J P Morgan Chase & Co reiterated a “buy” rating and set a $80.00 price objective on shares of Yum! Brands in a report on Monday, October 2nd. Twelve equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. Yum! Brands presently has an average rating of “Buy” and an average price target of $80.95.

In other Yum! Brands news, CFO David W. Gibbs sold 4,318 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $80.56, for a total value of $347,858.08. Following the completion of the sale, the chief financial officer now owns 39,396 shares in the company, valued at approximately $3,173,741.76. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Brian R. Niccol sold 927 shares of the stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $83.46, for a total transaction of $77,367.42. The disclosure for this sale can be found here. Insiders sold a total of 8,833 shares of company stock worth $711,907 in the last 90 days. 0.65% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Acrospire Investment Management LLC bought a new position in shares of Yum! Brands during the 2nd quarter valued at approximately $104,000. Valeo Financial Advisors LLC bought a new position in shares of Yum! Brands during the 3rd quarter valued at approximately $117,000. Bruderman Asset Management LLC bought a new position in shares of Yum! Brands during the 2nd quarter valued at approximately $148,000. Americafirst Capital Management LLC grew its position in shares of Yum! Brands by 107.6% during the 3rd quarter. Americafirst Capital Management LLC now owns 2,392 shares of the restaurant operator’s stock valued at $176,000 after acquiring an additional 1,240 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Yum! Brands by 8.9% during the 2nd quarter. Parallel Advisors LLC now owns 2,399 shares of the restaurant operator’s stock valued at $181,000 after acquiring an additional 197 shares during the period. Hedge funds and other institutional investors own 73.68% of the company’s stock.

Shares of Yum! Brands (YUM) traded down $0.25 during midday trading on Friday, hitting $82.86. 1,229,300 shares of the stock traded hands, compared to its average volume of 2,199,698. Yum! Brands has a 52-week low of $62.36 and a 52-week high of $84.29. The firm has a market capitalization of $27,900.00, a price-to-earnings ratio of 29.68, a P/E/G ratio of 2.32 and a beta of 0.91. The company has a quick ratio of 1.41, a current ratio of 1.42 and a debt-to-equity ratio of -1.55.

Yum! Brands announced that its board has authorized a share buyback program on Friday, November 17th that allows the company to repurchase $1.50 billion in outstanding shares. This repurchase authorization allows the restaurant operator to buy shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Wednesday, November 15th were issued a $0.30 dividend. The ex-dividend date was Tuesday, November 14th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 1.45%. Yum! Brands’s dividend payout ratio is presently 70.18%.

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About Yum! Brands

YUM! Brands, Inc is engaged in restaurant business. As of December 31, 2016, the Company operated or franchised over 43,500 restaurants in more than 135 countries and territories operating under the KFC, Pizza Hut or Taco Bell (collectively the Concepts) brands. The Company operates through three segments: The KFC Division, which includes the operations of the KFC concept around the world; The Pizza Hut Division, which includes the operations of the Pizza Hut concept around the world, and The Taco Bell Division, which includes the operations of the Taco Bell concept around the world.

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