Del Taco Restaurants (TACO) Issues FY 2019 Earnings Guidance

Del Taco Restaurants (NASDAQ:TACO) updated its FY 2019 earnings guidance on Monday. The company provided EPS guidance of $0.47-0.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58. The company issued revenue guidance of $517-527 million, compared to the consensus revenue estimate of $518.24 million.Del Taco Restaurants also updated its FY19 guidance to $0.47-0.52 EPS.

A number of research firms have recently weighed in on TACO. BidaskClub raised Del Taco Restaurants from a hold rating to a buy rating in a research note on Friday, January 25th. Maxim Group reissued a buy rating on shares of Del Taco Restaurants in a research note on Wednesday, January 9th. Zacks Investment Research raised Del Taco Restaurants from a sell rating to a hold rating in a research note on Thursday, November 29th. ValuEngine upgraded Del Taco Restaurants from a sell rating to a hold rating in a report on Tuesday. Finally, Wedbush restated an outperform rating and set a $15.00 target price on shares of Del Taco Restaurants in a report on Friday, February 1st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Del Taco Restaurants presently has an average rating of Hold and a consensus target price of $14.43.

Shares of Del Taco Restaurants stock opened at $10.59 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.40. The company has a market cap of $383.31 million, a P/E ratio of 20.37, a price-to-earnings-growth ratio of 1.13 and a beta of 0.20. Del Taco Restaurants has a 52 week low of $9.45 and a 52 week high of $14.83.

Del Taco Restaurants (NASDAQ:TACO) last posted its quarterly earnings data on Monday, March 18th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $157.30 million during the quarter, compared to the consensus estimate of $157.01 million. Del Taco Restaurants had a return on equity of 4.93% and a net margin of 9.81%. Del Taco Restaurants’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.15 EPS. On average, equities analysts predict that Del Taco Restaurants will post 0.55 earnings per share for the current fiscal year.

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Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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