Del Taco Restaurants (NASDAQ:TACO) Issues Earnings Results, Misses Estimates By $0.02 EPS

Del Taco Restaurants (NASDAQ:TACO) announced its quarterly earnings data on Wednesday, March 14th. The restaurant operator reported $0.15 EPS for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.02), Briefing.com reports. Del Taco Restaurants had a return on equity of 5.35% and a net margin of 10.58%. The company had revenue of $146.50 million for the quarter, compared to analyst estimates of $147.35 million. During the same period in the prior year, the firm posted $0.20 earnings per share. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. Del Taco Restaurants updated its FY18 guidance to $0.59-$0.63 EPS.

Shares of TACO opened at $10.68 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.36 and a quick ratio of 0.31. The company has a market capitalization of $410.21, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 1.11 and a beta of -0.02. Del Taco Restaurants has a 52-week low of $10.15 and a 52-week high of $15.99.

How to Become a New Pot Stock Millionaire

A number of brokerages have recently commented on TACO. BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Wedbush reissued a “buy” rating and set a $17.00 price objective on shares of Del Taco Restaurants in a research report on Tuesday, January 9th. Maxim Group reissued a “buy” rating and set a $20.00 price objective on shares of Del Taco Restaurants in a research report on Monday, January 8th. Zacks Investment Research raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Tuesday, December 26th. Finally, Jefferies Group reissued a “buy” rating and set a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Del Taco Restaurants has an average rating of “Hold” and a consensus target price of $16.50.

ILLEGAL ACTIVITY NOTICE: “Del Taco Restaurants (NASDAQ:TACO) Issues Earnings Results, Misses Estimates By $0.02 EPS” was first reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another site, it was illegally stolen and reposted in violation of United States & international trademark & copyright legislation. The original version of this piece of content can be read at https://www.dispatchtribunal.com/2018/04/07/del-taco-restaurants-taco-posts-quarterly-earnings-results.html.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc is an operator and franchisor of restaurants featuring made-to-order cuisine, including both Mexican inspired and American classic dishes. As of January 3, 2017, the Company operated 551 Del Taco restaurants. The Company’s menu offers a combination of Mexican-inspired food, such as tacos and burritos, and American classics, such as Double Del cheeseburgers, crinkle-cut fries and milkshakes.

Earnings History for Del Taco Restaurants (NASDAQ:TACO)

Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply