Noodles & Company (NASDAQ:NDLS) Announces Earnings Results

by · The Cerbat Gem

Noodles & Company (NASDAQ:NDLS – Get Free Report) released its earnings results on Wednesday. The restaurant operator reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.05), Zacks reports. The business had revenue of $122.75 million for the quarter, compared to analyst estimates of $125.43 million. Noodles & Company had a negative return on equity of 86.34% and a negative net margin of 6.59%. During the same period in the prior year, the firm posted $0.04 EPS. Noodles & Company updated its FY 2024 guidance to EPS.

Noodles & Company Trading Down 0.5 %

NASDAQ:NDLS traded down $0.01 on Friday, reaching $1.01. The company’s stock had a trading volume of 212,201 shares, compared to its average volume of 169,105. Noodles & Company has a 1-year low of $0.99 and a 1-year high of $3.50. The business’s 50-day moving average price is $1.21 and its two-hundred day moving average price is $1.57. The firm has a market cap of $45.87 million, a PE ratio of -1.38 and a beta of 1.73. The company has a debt-to-equity ratio of 8.79, a quick ratio of 0.17 and a current ratio of 0.32.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Truist Financial dropped their price objective on Noodles & Company from $4.00 to $3.00 and set a “buy” rating for the company in a report on Friday. StockNews.com cut Noodles & Company from a “hold” rating to a “sell” rating in a research note on Friday.

Read Our Latest Stock Analysis on Noodles & Company

Noodles & Company Company Profile

(Get Free Report)

Noodles & Company, a restaurant concept company, develops and operates fast-casual restaurants. It offers cooked-to-order dishes, including noodles and pasta, soups, salads, and appetizers. It operates company owned locations and franchise locations. The company was founded in 1995 and is based in Broomfield, Colorado.

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