Zacks: Brokerages Expect Noodles & Co (NASDAQ:NDLS) Will Post Earnings of $0.06 Per Share

Equities analysts expect Noodles & Co (NASDAQ:NDLS) to report earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Noodles & Co’s earnings, with the highest EPS estimate coming in at $0.07 and the lowest estimate coming in at $0.05. Noodles & Co reported earnings of $0.01 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 500%. The firm is scheduled to issue its next earnings results 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 year, with EPS estimates ranging from $0.16 to $0.19. For the next fiscal year, analysts anticipate that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.28. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Noodles & Co.

Noodles & Co (NASDAQ:NDLS) last issued its quarterly earnings data on Thursday, November 7th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. Noodles & Co had a positive return on equity of 6.80% and a negative net margin of 0.07%. The company had revenue of $118.30 million during the quarter, compared to the consensus estimate of $120.70 million. During the same period last year, the company earned $0.04 earnings per share. The firm’s revenue was up 1.4% compared to the same quarter last year.

A number of equities research analysts have commented on NDLS shares. ValuEngine raised Noodles & Co from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. BidaskClub upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Sunday, September 1st. Finally, Zacks Investment Research upgraded Noodles & Co from a “sell” rating to a “hold” rating in a report on Thursday, October 3rd. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $10.50.

Shares of NDLS traded up $0.09 during mid-day trading on Tuesday, reaching $5.66. 902,200 shares of the company were exchanged, compared to its average volume of 450,446. The company has a debt-to-equity ratio of 5.92, a quick ratio of 0.21 and a current ratio of 0.40. Noodles & Co has a 52 week low of $4.45 and a 52 week high of $9.79. The business has a 50 day simple moving average of $5.30 and a two-hundred day simple moving average of $6.67. The stock has a market capitalization of $243.05 million, a PE ratio of 283.00 and a beta of 0.20.

Several hedge funds have recently bought and sold shares of NDLS. Goodwin Daniel L lifted its holdings in shares of Noodles & Co by 105.5% in the second quarter. Goodwin Daniel L now owns 742,500 shares of the restaurant operator’s stock valued at $5,851,000 after purchasing an additional 381,100 shares in the last quarter. Swiss National Bank lifted its holdings in Noodles & Co by 40.4% during the second quarter. Swiss National Bank now owns 49,000 shares of the restaurant operator’s stock worth $386,000 after acquiring an additional 14,100 shares during the period. Wells Fargo & Company MN lifted its holdings in Noodles & Co by 22.0% during the second quarter. Wells Fargo & Company MN now owns 246,392 shares of the restaurant operator’s stock worth $1,942,000 after acquiring an additional 44,488 shares during the period. JPMorgan Chase & Co. lifted its holdings in Noodles & Co by 1,767.4% during the second quarter. JPMorgan Chase & Co. now owns 113,295 shares of the restaurant operator’s stock worth $847,000 after acquiring an additional 107,228 shares during the period. Finally, Calamos Advisors LLC bought a new stake in Noodles & Co during the second quarter worth $2,789,000. Institutional investors own 70.61% of the company’s stock.

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, 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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Earnings History and Estimates for Noodles & Co (NASDAQ:NDLS)

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