Arcos Dorados (NYSE:ARCO – Get Free Report) issued its quarterly earnings data on Wednesday. The restaurant operator reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01, Briefing.com reports. Arcos Dorados had a net margin of 3.25% and a return on equity of 30.07%. The company had revenue of $1.13 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The firm’s revenue for the quarter was up .8% compared to the same quarter last year.
Arcos Dorados Stock Performance
NYSE ARCO remained flat at $8.80 during trading hours on Friday. 952,822 shares of the company traded hands, compared to its average volume of 1,212,418. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.63 and a quick ratio of 0.57. Arcos Dorados has a 12 month low of $8.07 and a 12 month high of $13.20. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.58, a P/E/G ratio of 2.71 and a beta of 1.16. The stock has a 50 day simple moving average of $8.92 and a two-hundred day simple moving average of $9.38.
Wall Street Analyst Weigh In
Separately, JPMorgan Chase & Co. dropped their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research note on Friday, September 13th.
About Arcos Dorados
Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.
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