Analysts expect Noodles & Co (NASDAQ:NDLS) to announce ($0.05) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noodles & Co’s earnings, with estimates ranging from ($0.05) to ($0.04). Noodles & Co posted earnings of ($0.04) per share in the same quarter last year, which suggests a negative year over year growth rate of 25%. The company is scheduled to report its next earnings report on Thursday, May 9th.
On average, analysts expect that Noodles & Co will report full year earnings of $0.12 per share for the current year, with EPS estimates ranging from $0.08 to $0.15. For the next fiscal year, analysts anticipate that the company will report earnings of $0.23 per share, with EPS estimates ranging from $0.22 to $0.24. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover Noodles & Co.
Noodles & Co (NASDAQ:NDLS) last released its earnings results on Thursday, March 14th. The restaurant operator reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.01). The business had revenue of $113.20 million during the quarter, compared to analysts’ expectations of $113.76 million. Noodles & Co had a positive return on equity of 2.44% and a negative net margin of 1.84%. The company’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business earned $0.01 earnings per share.
Several research firms recently weighed in on NDLS. Zacks Investment Research downgraded shares of Noodles & Co from a “buy” rating to a “hold” rating in a report on Tuesday, March 5th. Jefferies Financial Group upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a report on Friday, February 22nd. BidaskClub downgraded shares of Noodles & Co from a “hold” rating to a “sell” rating in a report on Wednesday, March 13th. Finally, SunTrust Banks dropped their target price on shares of Noodles & Co to $13.00 and set a “buy” rating for the company in a report on Monday, March 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $10.50.
Noodles & Co stock opened at $6.65 on Friday. Noodles & Co has a fifty-two week low of $5.85 and a fifty-two week high of $13.50. The company has a debt-to-equity ratio of 0.84, a current ratio of 0.70 and a quick ratio of 0.41. The company has a market capitalization of $289.96 million, a P/E ratio of 332.50, a P/E/G ratio of 6.47 and a beta of 0.04.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Great West Life Assurance Co. Can purchased a new stake in Noodles & Co in the fourth quarter valued at $48,000. Macquarie Group Ltd. lifted its position in Noodles & Co by 560.3% in the fourth quarter. Macquarie Group Ltd. now owns 7,857 shares of the restaurant operator’s stock valued at $55,000 after acquiring an additional 6,667 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in Noodles & Co in the fourth quarter valued at $69,000. Mackenzie Financial Corp purchased a new stake in Noodles & Co in the fourth quarter valued at $91,000. Finally, Coatue Management LLC acquired a new position in Noodles & Co in the fourth quarter valued at $95,000. 68.14% of the stock is owned by hedge funds and other institutional investors.
Noodles & Co Company Profile
Noodles & Company develops and operates fast casual restaurants in the United States. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, sandwiches, and appetizers. As of January 2, 2018, the company operated 412 company-owned and 66 franchised restaurants in 29 states, the District of Columbia.
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