Yum China (NYSE:YUMC) Posts Quarterly Earnings Results, Beats Expectations By $0.09 EPS

Yum China (NYSE:YUMCGet Free Report) released its earnings results on Monday. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.09, Briefing.com reports. The company had revenue of $3.07 billion for the quarter, compared to analyst estimates of $3.03 billion. Yum China had a net margin of 7.97% and a return on equity of 13.39%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.59 EPS.

Yum China Stock Performance

Shares of YUMC traded up $1.49 during mid-day trading on Thursday, hitting $51.32. The stock had a trading volume of 1,758,985 shares, compared to its average volume of 3,250,230. The company has a quick ratio of 1.09, a current ratio of 1.23 and a debt-to-equity ratio of 0.01. The company has a market cap of $19.73 billion, a PE ratio of 22.04, a PEG ratio of 1.79 and a beta of 0.36. Yum China has a fifty-two week low of $28.50 and a fifty-two week high of $51.99. The company’s fifty day simple moving average is $41.55 and its two-hundred day simple moving average is $36.65.

Yum China Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 17th. Investors of record on Tuesday, November 26th will be issued a $0.16 dividend. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 annualized dividend and a yield of 1.25%. Yum China’s dividend payout ratio is presently 28.32%.

Wall Street Analyst Weigh In

YUMC has been the subject of several analyst reports. Macquarie upgraded Yum China from an “underperform” rating to an “outperform” rating and upped their target price for the company from $30.00 to $37.40 in a research note on Tuesday, August 6th. Citigroup raised shares of Yum China to a “strong-buy” rating in a research note on Monday, September 30th. StockNews.com upgraded shares of Yum China from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. raised shares of Yum China from a “neutral” rating to an “overweight” rating and raised their target price for the company from $35.50 to $60.00 in a research note on Tuesday. Five equities research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Yum China presently has an average rating of “Buy” and an average price target of $51.68.

Get Our Latest Report on Yum China

Insiders Place Their Bets

In other Yum China news, insider Jeff Kuai acquired 3,900 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The shares were purchased at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the purchase, the insider now directly owns 3,900 shares in the company, valued at $127,608. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In other news, insider Jeff Kuai purchased 3,900 shares of the company’s stock in a transaction on Tuesday, August 13th. The shares were bought at an average price of $32.72 per share, for a total transaction of $127,608.00. Following the completion of the purchase, the insider now owns 3,900 shares of the company’s stock, valued at $127,608. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Warton Wang acquired 3,700 shares of Yum China stock in a transaction dated Friday, August 16th. The shares were acquired at an average price of $34.67 per share, with a total value of $128,279.00. Following the completion of the transaction, the insider now owns 25,023 shares of the company’s stock, valued at approximately $867,547.41. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 18,400 shares of company stock valued at $619,671 over the last 90 days. 0.30% of the stock is owned by company insiders.

Yum China Company Profile

(Get Free Report)

Yum China Holdings, Inc owns, operates, and franchises restaurants in the People's Republic of China. The company operates through KFC, Pizza Hut, and All Other segments. It operates restaurants under the KFC, Pizza Hut, Taco Bell, Lavazza, Little Sheep, and Huang Ji Huang concepts. The company also operates V-Gold Mall, a mobile e-commerce platform to sell products; and offers online food deliver services.

See Also

Earnings History for Yum China (NYSE:YUMC)

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