$0.06 EPS Expected for Noodles & Co (NASDAQ:NDLS) This Quarter

Brokerages expect Noodles & Co (NASDAQ:NDLS) to report earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Noodles & Co’s earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Noodles & Co reported earnings of $0.01 per share in the same quarter last year, which would indicate a positive year over year growth rate of 500%. The company is expected to issue its next quarterly earnings report on Thursday, March 12th.

According to Zacks, analysts expect that Noodles & Co will report full year earnings of $0.17 per share for the current fiscal year, with EPS estimates ranging from $0.16 to $0.19. For the next year, analysts forecast that the business will report earnings of $0.25 per share, with EPS estimates ranging from $0.23 to $0.28. Zacks’ EPS averages are an average based on a survey of sell-side analysts that follow Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last posted its quarterly earnings results on Thursday, November 7th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The firm had revenue of $118.30 million for the quarter, compared to analyst estimates of $120.70 million. Noodles & Co had a net margin of 0.62% and a return on equity of 11.38%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.04 earnings per share.

A number of equities analysts recently weighed in on NDLS shares. BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a research report on Sunday, September 1st. Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $12.00 price objective on shares of Noodles & Co in a research note on Friday, November 22nd. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $10.25.

Shares of NASDAQ NDLS traded down $0.10 during mid-day trading on Thursday, hitting $6.10. 9,982 shares of the company traded hands, compared to its average volume of 363,474. Noodles & Co has a 1 year low of $4.45 and a 1 year high of $9.04. The stock has a market capitalization of $277.97 million, a price-to-earnings ratio of 308.00 and a beta of 0.24. The company has a quick ratio of 0.19, a current ratio of 0.39 and a debt-to-equity ratio of 5.31. The business has a 50 day moving average of $5.53 and a two-hundred day moving average of $6.49.

A number of institutional investors have recently bought and sold shares of NDLS. Tower Research Capital LLC TRC purchased a new position in Noodles & Co during the 2nd quarter worth approximately $31,000. Bank of Montreal Can lifted its holdings in shares of Noodles & Co by 92.4% in the second quarter. Bank of Montreal Can now owns 5,026 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 2,414 shares in the last quarter. US Bancorp DE lifted its holdings in shares of Noodles & Co by 61.7% in the second quarter. US Bancorp DE now owns 8,596 shares of the restaurant operator’s stock valued at $68,000 after purchasing an additional 3,279 shares in the last quarter. A.R.T. Advisors LLC purchased a new stake in shares of Noodles & Co in the second quarter valued at $164,000. Finally, UBS Asset Management Americas Inc. acquired a new stake in shares of Noodles & Co in the second quarter worth $168,000. 76.75% of the stock is owned by hedge funds and other institutional investors.

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, and appetizers. As of January 1, 2019, the company operated 394 company-owned and 65 franchised restaurants in 29 states, and the District of Columbia.

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