Del Taco Restaurants (NASDAQ:TACO) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.44-0.47 for the period, compared to the Thomson Reuters consensus estimate of $0.50. The company issued revenue guidance of $512-515 million, compared to the consensus revenue estimate of $514.26 million.Del Taco Restaurants also updated its FY 2019 guidance to $0.44-0.47 EPS.
NASDAQ:TACO traded up $0.26 during mid-day trading on Monday, reaching $9.66. 902,842 shares of the company’s stock were exchanged, compared to its average volume of 330,550. Del Taco Restaurants has a one year low of $9.25 and a one year high of $13.50. The firm has a market capitalization of $348.36 million, a PE ratio of 17.25, a price-to-earnings-growth ratio of 1.52 and a beta of 0.26. The business’s fifty day simple moving average is $10.32 and its two-hundred day simple moving average is $11.11. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.14 and a current ratio of 0.18.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Monday, July 29th. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Del Taco Restaurants had a net margin of 2.94% and a return on equity of 4.62%. The business had revenue of $121.50 million for the quarter, compared to analyst estimates of $120.37 million. During the same period last year, the firm earned $0.14 earnings per share. Del Taco Restaurants’s revenue for the quarter was up 3.1% compared to the same quarter last year. As a group, equities research analysts forecast that Del Taco Restaurants will post 0.5 EPS for the current year.
TACO has been the topic of a number of analyst reports. TheStreet downgraded shares of Del Taco Restaurants from a b- rating to a c+ rating in a research note on Thursday, October 3rd. Maxim Group reiterated a buy rating on shares of Del Taco Restaurants in a research note on Wednesday, July 31st. BidaskClub downgraded shares of Del Taco Restaurants from a sell rating to a strong sell rating in a research note on Friday, September 20th. Finally, ValuEngine upgraded shares of Del Taco Restaurants from a hold rating to a buy rating in a research note on Monday, July 8th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of $13.50.
About Del Taco Restaurants
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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