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

Yum China (NYSE:YUMC - Get Free Report) issued its quarterly earnings data on Monday. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.09, Briefing.com reports. The business had revenue of $3.07 billion for the quarter, compared to analysts' expectations of $3.03 billion. Yum China had a return on equity of 12.41% and a net margin of 7.61%. The company's revenue for the quarter 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 Price Performance

Shares of YUMC traded up $0.06 during mid-day trading on Tuesday, hitting $48.36. The company's stock had a trading volume of 2,993,809 shares, compared to its average volume of 3,253,692. Yum China has a 1-year low of $28.50 and a 1-year high of $51.68. The firm has a market capitalization of $18.59 billion, a P/E ratio of 21.40, a P/E/G ratio of 1.67 and a beta of 0.36. The firm has a 50-day simple moving average of $40.92 and a 200 day simple moving average of $36.48. The company has a current ratio of 1.23, a quick ratio of 1.09 and a debt-to-equity ratio of 0.01.

Yum China Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 17th. Shareholders of record on Tuesday, November 26th will be given a dividend of $0.16 per share. The ex-dividend date is Tuesday, November 26th. This represents a $0.64 dividend on an annualized basis and a yield of 1.32%. Yum China's payout ratio is 28.32%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on YUMC. JPMorgan Chase & Co. raised Yum China from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $35.50 to $60.00 in a research report on Tuesday. Citigroup upgraded Yum China to a "strong-buy" rating in a research note on Monday, September 30th. Finally, Macquarie raised Yum China from an "underperform" rating to an "outperform" rating and increased their price objective for the company from $30.00 to $37.40 in a report on Tuesday, August 6th. Four research analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Yum China has an average rating of "Buy" and an average target price of $51.68.

Insiders Place Their Bets

In other Yum China news, insider Warton Wang bought 3,700 shares of the company's stock in a transaction dated Friday, August 16th. The shares were acquired at an average cost 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 in the company, valued at $867,547.41. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Yum China news, insider Warton Wang acquired 3,700 shares of Yum China stock in a transaction dated Friday, August 16th. The stock was acquired at an average cost of $34.67 per share, for a total transaction of $128,279.00. Following the completion of the transaction, the insider now owns 25,023 shares in the company, valued at approximately $867,547.41. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Joey Wat bought 3,800 shares of the business's stock in a transaction on Wednesday, August 14th. The stock was purchased at an average price of $33.98 per share, with a total value of $129,124.00. Following the completion of the transaction, the chief executive officer now directly owns 272,944 shares of the company's stock, valued at $9,274,637.12. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 18,400 shares of company stock valued at $619,671. Corporate insiders own 0.30% of the company's stock.

Yum China Company Profile

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.