Quick service restaurant operator Yum! Brands, Inc. (
) saw its earnings estimates boosted on Friday by analysts at JMS
Research, ahead of its scheduled earnings report on July 13th.
The firm also maintained its "Buy" rating on YUM and $46 price
target, which represents a potential 15% upside to the stock's
Thursday closing price of $39.98.
A JMS analyst commented, "We look for Yum Brands to report
second-quarter EPS at or above the consensus projection of $0.54
when the company releases its latest earnings report after the
market close on Tuesday, July 13th. With this note, we raise our Q2
estimate to $0.55 from $0.53…Also, given the higher anticipated
base of earnings coming off of this year, we move up our 2011 EPS
estimate by two cents, to $2.78, which matches consensus."
Yum! Brands shares were mostly flat in premarket trading
The Bottom Line
The company has a 2.10% dividend yield, based on last night's
closing stock price of $39.98. The stock has technical support in
the $36-$38 price area. If the shares can firm up, we see overhead
resistance around the all-time high levels of $42 a share. We would
remain on the sidelines for now.
Yum! Brands, Inc. (
) is not recommended at this time, holding a Dividend.com DARS™
Rating of 3.4 out of 5 stars.
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