Brokerages expect McDonald's Co. (NYSE:MCD) to report $1.67 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for McDonald's’ earnings, with the highest EPS estimate coming in at $1.73 and the lowest estimate coming in at $1.61. McDonald's reported earnings of $1.47 per share during the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The business is scheduled to report its next quarterly earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that McDonald's will report full-year earnings of $7.63 per share for the current fiscal year, with EPS estimates ranging from $7.45 to $7.90. For the next fiscal year, analysts forecast that the business will report earnings of $8.28 per share, with EPS estimates ranging from $8.05 to $8.67. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for McDonald's.
McDonald's (NYSE:MCD) last announced its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period last year, the firm earned $1.44 earnings per share. The business’s revenue for the quarter was down 11.4% on a year-over-year basis.
MCD has been the topic of several analyst reports. Bank of America set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Monday, January 29th. Nomura reiterated a “buy” rating and set a $198.00 price target (up previously from $190.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Credit Suisse Group reiterated an “outperform” rating and set a $191.00 price target (up previously from $185.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Zacks Investment Research upgraded shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a research report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $183.08.
In other news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now directly owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by company insiders.
Hedge funds have recently added to or reduced their stakes in the company. Horan Capital Advisors LLC. bought a new position in McDonald's during the third quarter worth $104,000. Phocas Financial Corp. bought a new position in McDonald's during the second quarter worth $107,000. Pinnacle Wealth Planning Services Inc. bought a new position in McDonald's during the fourth quarter worth $109,000. Tarbox Family Office Inc. raised its stake in McDonald's by 105.8% during the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock worth $110,000 after buying an additional 328 shares during the last quarter. Finally, Horan Capital Management bought a new position in McDonald's during the fourth quarter worth $110,000. 67.62% of the stock is owned by hedge funds and other institutional investors.
McDonald's (NYSE:MCD) opened at $157.24 on Thursday. McDonald's has a fifty-two week low of $127.35 and a fifty-two week high of $178.70. The company has a market cap of $124,926.87, a P/E ratio of 23.57, a PEG ratio of 2.36 and a beta of 0.65. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. This represents a $4.04 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s payout ratio is currently 63.52%.
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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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