FY2018 EPS Estimates for McDonald's Co. Lowered by Analyst (MCD)

McDonald's Co. (NYSE:MCD) – Research analysts at SunTrust Banks decreased their FY2018 earnings per share estimates for shares of McDonald's in a report issued on Tuesday, April 17th. SunTrust Banks analyst J. Bartlett now forecasts that the fast-food giant will post earnings per share of $7.63 for the year, down from their previous forecast of $7.72. SunTrust Banks currently has a “Buy” rating and a $187.00 target price on the stock.

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Several other equities research analysts have also weighed in on MCD. Royal Bank of Canada set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Wednesday, December 27th. Zacks Investment Research raised McDonald's from a “hold” rating to a “buy” rating and set a $194.00 price objective for the company in a report on Tuesday, January 2nd. Nomura set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Robert W. Baird set a $190.00 price objective on McDonald's and gave the stock a “buy” rating in a report on Tuesday, January 2nd. Finally, Stifel Nicolaus set a $172.00 price objective on McDonald's and gave the stock a “neutral” rating in a report on Wednesday, January 3rd. Nine research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. McDonald's has an average rating of “Buy” and a consensus target price of $183.16.

NYSE MCD opened at $158.77 on Thursday. McDonald's has a one year low of $133.15 and a one year high of $178.70. The firm has a market cap of $128,557.71, a PE ratio of 23.84, a price-to-earnings-growth ratio of 2.45 and a beta of 0.64. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.

McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. The business’s revenue for the quarter was down 11.4% compared to the same quarter last year. During the same period in the previous year, the business posted $1.44 EPS.

In other news, VP Catherine A. Hoovel sold 1,398 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the completion of the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at $238,414.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MCD. Horan Capital Advisors LLC. purchased a new position in shares of McDonald's during the third quarter worth about $104,000. Pinnacle Wealth Planning Services Inc. purchased a new position in shares of McDonald's during the fourth quarter worth about $109,000. Tarbox Family Office Inc. lifted its position in McDonald's by 105.8% in the 4th 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. Horan Capital Management bought a new stake in McDonald's in the 4th quarter worth approximately $110,000. Finally, Certified Advisory Corp bought a new stake in McDonald's in the 4th quarter worth approximately $121,000. 68.49% of the stock is owned by institutional investors.

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McDonald's Company Profile

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.

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

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