Wendy's (WEN) Projected to Post Quarterly Earnings on Thursday

Key Points

• Wendy’s is expected to report Q3 2026 results before markets open on November 5. Analysts project earnings of approximately $0.10 per share and revenue of $531.43 million, compared with the company’s previous quarter, when it exceeded consensus estimates.
• Trian Fund Management and partners have proposed acquiring Wendy’s for $7.35 per share in cash, valuing the company at about $1.4 billion. The offer remains uncertain as Wendy’s evaluates it and some investors argue it undervalues the company.
• Wendy’s continues to face significant operating challenges. The company recently reduced its dividend, while higher beef costs, intense competition and potential restaurant closures weigh on its turnaround prospects; analysts maintain an overall “Reduce” rating with a $7.42 average price target.

Wendy's (NASDAQ:WEN - Get Free Report) is projected to issue its Q3 2026 results before the market opens on Thursday, November 5th. Analysts expect Wendy's to post earnings of $0.0968 per share and revenue of $531.43 million for the quarter. Individuals may review the information on the company's upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 8:30 AM ET.

Wendy's (NASDAQ:WEN - Get Free Report) last posted its quarterly earnings results on Friday, August 7th. The restaurant operator reported $0.18 earnings per share for the quarter, topping analysts' consensus estimates of $0.16 by $0.02. Wendy's had a net margin of 5.72% and a return on equity of 115.31%. The business had revenue of $570.57 million for the quarter, compared to the consensus estimate of $557.13 million. During the same period in the prior year, the business posted $0.29 earnings per share. Wendy's's revenue for the quarter was up 1.8% compared to the same quarter last year. On average, analysts expect Wendy's to post $0.49 EPS for the current fiscal year and $0.48 EPS for the next fiscal year.

Wendy's Price Performance

Shares of NASDAQ:WEN opened at $7.07 on Thursday. The company has a current ratio of 1.90, a quick ratio of 1.88 and a debt-to-equity ratio of 27.95. Wendy's has a 1 year low of $5.94 and a 1 year high of $10.12. The business has a fifty day simple moving average of $7.13 and a 200 day simple moving average of $7.39. The firm has a market cap of $1.35 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.64 and a beta of 0.40.

Wendy's Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 4.0%. This is a decrease from Wendy's's previous quarterly dividend of $0.14. The ex-dividend date was Tuesday, September 1st. Wendy's's dividend payout ratio is presently 42.42%.

Wendy's News Summary

Here are the key news stories impacting Wendy's this week:

• Positive Sentiment: Trian-led $1.4 billion proposal: Trian Fund Management, Flynn Group, BlueFive Capital and Sixth Street Partners offered to acquire Wendy’s shares they do not already own for $7.35 per share in cash. The proposal represents roughly a 20% premium to the October 27 closing price and values the company at approximately $1.4 billion. Wendy’s confirms receipt of Trian proposal
• Positive Sentiment: Credible buyer involvement: Trian and its affiliated parties reportedly control about 16.3% of Wendy’s, making the approach more actionable than ordinary takeover speculation. Investors are also speculating that other potential buyers could emerge. Wendy’s shares jump on Trian offer
• Positive Sentiment: Improved investor sentiment: The bid arrives after a difficult period for Wendy’s, including withdrawn 2026 guidance, a dividend reduction and a planned turnaround. A private owner could have greater flexibility to restructure the business and invest in a recovery. Wendy’s buyout offer and turnaround costs
• Neutral Sentiment: Offer remains uncertain: Wendy’s is evaluating the unsolicited proposal, while Blackwells Capital argues that $7.35 per share materially undervalues the company. This could lead to negotiations or competing offers, but also raises the possibility that the transaction will not proceed. Blackwells statement on Wendy’s proposal
• Negative Sentiment: Underlying operating challenges remain: Higher beef costs, intense competition and the potential closure of up to 60 restaurants by a bankrupt franchisee highlight the risks facing Wendy’s turnaround. These issues could make a transaction more expensive and limit upside beyond the proposed offer. Wendy’s faces beef prices and competition

Analyst Ratings Changes

WEN has been the topic of several research reports. Stephens dropped their target price on Wendy's from $8.00 to $7.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 15th. UBS Group reduced their price target on Wendy's from $8.00 to $6.50 and set a "neutral" rating for the company in a report on Monday. Weiss Ratings reissued a "sell (d+)" rating on shares of Wendy's in a research note on Thursday, October 15th. TD Cowen restated a "hold" rating and set a $6.00 target price on shares of Wendy's in a report on Wednesday. Finally, Citigroup dropped their price objective on Wendy's from $8.25 to $6.75 and set a "neutral" rating on the stock in a research note on Friday, October 23rd. Two analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, Wendy's has an average rating of "Reduce" and an average target price of $7.42.

About Wendy's

The Wendy's Company NASDAQ: WEN operates and franchises quick-service restaurants under the Wendy's brand. Its restaurants are known for hamburgers made with fresh, never-frozen beef, along with chicken sandwiches, salads, fries, breakfast items, desserts, and beverages.

Founded by Dave Thomas in 1969, Wendy's has grown into an international restaurant chain with locations primarily in the United States and Canada, as well as select markets in other countries. The company's restaurant system includes both company-operated and franchised locations.

In addition to its restaurant operations, Wendy's supports customers through digital ordering, delivery, loyalty programs, and mobile applications.

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