Wall Street analysts predict that El Pollo LoCo Holdings Inc (NASDAQ:LOCO) will post $0.10 earnings per share for the current quarter, according to Zacks. Four analysts have provided estimates for El Pollo LoCo’s earnings. The highest EPS estimate is $0.10 and the lowest is $0.09. El Pollo LoCo reported earnings per share of $0.12 during the same quarter last year, which would suggest a negative year over year growth rate of 16.7%. The company is scheduled to report its next earnings report on Thursday, March 8th.
On average, analysts expect that El Pollo LoCo will report full year earnings of $0.61 per share for the current year, with EPS estimates ranging from $0.61 to $0.62. For the next fiscal year, analysts expect that the business will report earnings of $0.72 per share, with EPS estimates ranging from $0.66 to $0.77. Zacks’ earnings per share averages are a mean average based on a survey of research firms that cover El Pollo LoCo.
El Pollo LoCo (NASDAQ:LOCO) last posted its quarterly earnings results on Thursday, November 2nd. The restaurant operator reported $0.15 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.18 by ($0.03). El Pollo LoCo had a return on equity of 9.14% and a net margin of 2.27%. The business had revenue of $101.16 million during the quarter, compared to the consensus estimate of $103.71 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The company’s quarterly revenue was up 5.6% compared to the same quarter last year.
LOCO has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of El Pollo LoCo from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, October 25th. SunTrust Banks restated a “hold” rating and issued a $12.00 price target on shares of El Pollo LoCo in a research report on Friday, November 3rd. Finally, Robert W. Baird dropped their price objective on shares of El Pollo LoCo from $15.00 to $12.00 and set a “neutral” rating on the stock in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. El Pollo LoCo presently has a consensus rating of “Hold” and an average target price of $13.00.
Hedge funds have recently added to or reduced their stakes in the stock. Garner Asset Management Corp acquired a new stake in shares of El Pollo LoCo in the 2nd quarter worth about $145,000. BNP Paribas Arbitrage SA increased its holdings in shares of El Pollo LoCo by 103.0% in the 3rd quarter. BNP Paribas Arbitrage SA now owns 11,188 shares of the restaurant operator’s stock worth $136,000 after acquiring an additional 5,678 shares during the period. Virtu KCG Holdings LLC acquired a new stake in shares of El Pollo LoCo in the 2nd quarter worth about $157,000. Thrivent Financial For Lutherans increased its holdings in shares of El Pollo LoCo by 6.5% in the 2nd quarter. Thrivent Financial For Lutherans now owns 12,940 shares of the restaurant operator’s stock worth $179,000 after acquiring an additional 790 shares during the period. Finally, JPMorgan Chase & Co. increased its holdings in shares of El Pollo LoCo by 849.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 17,048 shares of the restaurant operator’s stock worth $206,000 after acquiring an additional 15,252 shares during the period. 78.08% of the stock is currently owned by institutional investors and hedge funds.
El Pollo LoCo (LOCO) traded down $0.15 during trading on Friday, hitting $9.90. 394,361 shares of the stock were exchanged, compared to its average volume of 397,336. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.31 and a current ratio of 0.35. El Pollo LoCo has a one year low of $9.55 and a one year high of $14.85. The company has a market cap of $388.46, a P/E ratio of 45.00, a P/E/G ratio of 0.94 and a beta of 0.34.
COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Expect El Pollo LoCo Holdings Inc (LOCO) Will Post Earnings of $0.10 Per Share” was first posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/02/03/zacks-brokerages-expect-el-pollo-loco-holdings-inc-loco-will-post-earnings-of-0-10-per-share.html.
About El Pollo LoCo
El Pollo Loco Holdings, Inc specializes in fire-grilling citrus-marinated chicken and operates in the limited service restaurant (LSR) segment. The Company’s menu features its signature product, citrus-marinated fire-grilled chicken, and a range of Mexican-inspired entrees that it creates from chicken.
Get a free copy of the Zacks research report on El Pollo LoCo (LOCO)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for El Pollo LoCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for El Pollo LoCo and related companies with MarketBeat.com's FREE daily email newsletter.