Noodles & Co (NDLS) Expected to Announce Earnings of $0.04 Per Share

Wall Street analysts expect that Noodles & Co (NASDAQ:NDLS) will report earnings of $0.04 per share for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Noodles & Co’s earnings, with estimates ranging from $0.03 to $0.04. Noodles & Co posted earnings of $0.02 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 100%. The business is expected to report its next quarterly earnings report after the market closes on Tuesday, October 23rd.

On average, analysts expect that Noodles & Co will report full year earnings of $0.04 per share for the current fiscal year, with EPS estimates ranging from $0.03 to $0.05. For the next financial year, analysts forecast that the business will report earnings of $0.12 per share, with EPS estimates ranging from $0.06 to $0.18. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last released its earnings results on Wednesday, July 18th. The restaurant operator reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.01). Noodles & Co had a negative return on equity of 0.45% and a negative net margin of 4.03%. The firm had revenue of $117.40 million during the quarter, compared to analyst estimates of $114.16 million. During the same quarter last year, the business posted $0.01 EPS. The firm’s revenue was up 4.1% on a year-over-year basis.

A number of equities analysts have recently issued reports on the stock. Citigroup cut their price target on shares of Noodles & Co from $13.50 to $11.50 and set a “buy” rating for the company in a report on Wednesday, August 8th. ValuEngine downgraded shares of Noodles & Co from a “strong-buy” rating to a “buy” rating in a report on Tuesday, August 7th. BidaskClub upgraded shares of Noodles & Co from a “hold” rating to a “buy” rating in a report on Friday, August 24th. BMO Capital Markets increased their price target on shares of Noodles & Co from $6.00 to $10.00 and gave the company a “market perform” rating in a report on Thursday, July 19th. They noted that the move was a valuation call. Finally, UBS Group increased their price target on shares of Noodles & Co from $4.00 to $10.00 and gave the company a “$11.80” rating in a report on Thursday, July 19th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $10.67.

In other news, Director Robert M. Hartnett sold 9,652 shares of the stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $11.51, for a total value of $111,094.52. Following the completion of the transaction, the director now owns 96,606 shares in the company, valued at approximately $1,111,935.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Catterton-Noodles, Llc sold 2,477,842 shares of the stock in a transaction dated Thursday, July 26th. The shares were sold at an average price of $10.00, for a total transaction of $24,778,420.00. The disclosure for this sale can be found here. Insiders sold a total of 3,448,909 shares of company stock valued at $34,384,069 in the last quarter. Insiders own 50.52% of the company’s stock.

Large investors have recently bought and sold shares of the business. GSA Capital Partners LLP purchased a new position in Noodles & Co during the 2nd quarter valued at about $175,000. Solstein Capital LLC purchased a new position in Noodles & Co during the 2nd quarter valued at about $197,000. Macquarie Group Ltd. purchased a new position in Noodles & Co during the 2nd quarter valued at about $200,000. Dimensional Fund Advisors LP purchased a new position in Noodles & Co during the 2nd quarter valued at about $250,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Noodles & Co during the 2nd quarter valued at about $300,000. Hedge funds and other institutional investors own 61.82% of the company’s stock.

Shares of NDLS opened at $11.39 on Wednesday. The company has a quick ratio of 0.29, a current ratio of 0.52 and a debt-to-equity ratio of 2.40. The stock has a market capitalization of $499.71 million, a PE ratio of -569.50, a P/E/G ratio of 34.57 and a beta of -0.58. Noodles & Co has a 52-week low of $3.95 and a 52-week high of $13.30.

About Noodles & Co

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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