$1.93 Earnings Per Share Expected for McDonald’s (MCD) This Quarter

Equities research analysts expect McDonald’s (NYSE:MCD) to post $1.93 earnings per share for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for McDonald’s’ earnings. The highest EPS estimate is $2.00 and the lowest is $1.86. McDonald’s reported earnings of $1.73 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.6%. The business is expected to announce its next quarterly earnings report on Tuesday, July 24th.

On average, analysts expect that McDonald’s will report full-year earnings of $7.66 per share for the current financial year, with EPS estimates ranging from $7.37 to $7.78. For the next financial year, analysts expect that the business will report earnings of $8.26 per share, with EPS estimates ranging from $7.90 to $8.62. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of analysts that cover McDonald’s.

McDonald’s (NYSE:MCD) last issued its earnings results on Monday, April 30th. The fast-food giant reported $1.79 EPS for the quarter, topping analysts’ consensus estimates of $1.67 by $0.12. The firm had revenue of $5.14 billion during the quarter, compared to the consensus estimate of $4.97 billion. McDonald’s had a net margin of 24.02% and a negative return on equity of 167.80%. The company’s revenue was down 9.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.47 earnings per share.

Several equities analysts have issued reports on MCD shares. Credit Suisse Group restated an “outperform” rating and issued a $191.00 price objective (up previously from $185.00) on shares of McDonald’s in a research note on Tuesday, January 23rd. Nomura restated a “buy” rating and issued a $198.00 price objective (up previously from $190.00) on shares of McDonald’s in a research note on Tuesday, January 23rd. Bank of America set a $200.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Monday, January 29th. Goldman Sachs set a $200.00 price objective on shares of McDonald’s and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, Stephens restated an “overweight” rating and issued a $185.00 price objective (up previously from $175.00) on shares of McDonald’s in a research note on Tuesday, January 30th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. McDonald’s currently has an average rating of “Buy” and a consensus target price of $184.03.

In related news, EVP Kevin M. Ozan sold 18,636 shares of the stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $165.69, for a total transaction of $3,087,798.84. Following the completion of the transaction, the executive vice president now directly owns 29,800 shares of the company’s stock, valued at $4,937,562. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Douglas M. Goare sold 13,255 shares of the stock in a transaction dated Tuesday, May 1st. The stock was sold at an average price of $165.40, for a total transaction of $2,192,377.00. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of McDonald’s by 0.9% in the fourth quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after purchasing an additional 481,739 shares during the last quarter. Jennison Associates LLC grew its position in shares of McDonald’s by 26.5% in the fourth quarter. Jennison Associates LLC now owns 8,820,228 shares of the fast-food giant’s stock valued at $1,518,138,000 after purchasing an additional 1,848,111 shares during the last quarter. Geode Capital Management LLC boosted its position in McDonald’s by 3.4% during the fourth quarter. Geode Capital Management LLC now owns 8,191,870 shares of the fast-food giant’s stock worth $1,406,932,000 after acquiring an additional 270,898 shares during the last quarter. Magellan Asset Management Ltd boosted its position in McDonald’s by 2.0% during the fourth quarter. Magellan Asset Management Ltd now owns 7,248,352 shares of the fast-food giant’s stock worth $1,247,586,000 after acquiring an additional 139,991 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in McDonald’s by 31.2% during the third quarter. Janus Henderson Group PLC now owns 5,802,160 shares of the fast-food giant’s stock worth $909,044,000 after acquiring an additional 1,379,737 shares during the last quarter. 67.53% of the stock is owned by hedge funds and other institutional investors.

Shares of McDonald’s traded up $0.51, reaching $161.49, on Wednesday, MarketBeat Ratings reports. 82,281 shares of the stock were exchanged, compared to its average volume of 4,449,418. The company has a current ratio of 1.74, a quick ratio of 1.72 and a debt-to-equity ratio of -6.54. The company has a market cap of $126.40 billion, a P/E ratio of 24.19, a PEG ratio of 2.37 and a beta of 0.63. McDonald’s has a twelve month low of $146.84 and a twelve month high of $178.70.

McDonald’s Company Profile

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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

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