McDonald's Co. (MCD) Expected to Announce Quarterly Sales of $5.26 Billion

Equities analysts expect McDonald's Co. (NYSE:MCD) to post $5.26 billion in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for McDonald's’ earnings, with the lowest sales estimate coming in at $4.98 billion and the highest estimate coming in at $5.86 billion. McDonald's posted sales of $6.03 billion in the same quarter last year, which suggests a negative year over year growth rate of 12.8%. The company is scheduled to report its next quarterly earnings report before the market opens on Tuesday, January 30th.

On average, analysts expect that McDonald's will report full year sales of $5.26 billion for the current financial year, with estimates ranging from $22.46 billion to $23.34 billion. For the next fiscal year, analysts expect that the firm will report sales of $20.39 billion per share, with estimates ranging from $18.83 billion to $22.30 billion. Zacks’ sales averages are a mean average based on a survey of research analysts that follow McDonald's.

McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating analysts’ consensus estimates of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The company’s quarterly revenue was down 10.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.62 EPS.

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. set a $186.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday, January 12th. Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Friday. Barclays reiterated an “overweight” rating and set a $205.00 target price (up from $193.00) on shares of McDonald's in a research note on Tuesday. Zacks Investment Research lowered shares of McDonald's from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Nomura set a $183.00 target price on shares of McDonald's and gave the company a “buy” rating in a research note on Tuesday, October 17th. Nine analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $179.68.

In related news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total value of $1,327,590.00. Following the completion of the transaction, the vice president now owns 15,739 shares of the company’s stock, valued at approximately $2,596,935. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the completion of the transaction, the insider now directly owns 49,778 shares of the company’s stock, valued at approximately $8,378,632.96. The disclosure for this sale can be found here. Corporate insiders own 0.24% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after buying an additional 906,303 shares during the period. BlackRock Inc. boosted its holdings in shares of McDonald's by 3.0% during the 2nd quarter. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant’s stock valued at $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter. Capital World Investors boosted its holdings in shares of McDonald's by 2.8% during the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after purchasing an additional 606,232 shares during the last quarter. Capital Research Global Investors boosted its holdings in shares of McDonald's by 15.0% during the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after purchasing an additional 1,572,074 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of McDonald's by 3.1% during the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after purchasing an additional 360,212 shares during the last quarter. 67.30% of the stock is owned by institutional investors.

Shares of McDonald's (NYSE:MCD) traded up $1.13 on Friday, reaching $175.70. 1,619,702 shares of the company’s stock were exchanged, compared to its average volume of 3,067,883. The stock has a market cap of $142,120.00, a price-to-earnings ratio of 25.35, a PEG ratio of 2.76 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 1-year low of $119.82 and a 1-year high of $175.78.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Earnings History and Estimates for McDonald's (NYSE:MCD)

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