Portillo’s (PTLO) Set to Announce Quarterly Earnings on Tuesday

Portillo’s (NASDAQ:PTLO) will be posting its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Portillo’s to post earnings of $0.06 per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company had revenue of $187.86 million for the quarter, compared to the consensus estimate of $184.95 million. During the same quarter last year, the company earned $0.08 earnings per share. The firm’s revenue for the quarter was up 24.5% compared to the same quarter last year. On average, analysts expect Portillo’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Portillo’s Trading Down 0.2 %

NASDAQ:PTLO opened at $11.92 on Friday. Portillo’s has a 52 week low of $11.53 and a 52 week high of $23.99. The firm has a 50 day moving average of $13.21 and a 200 day moving average of $14.30. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. The stock has a market capitalization of $869.80 million, a price-to-earnings ratio of 38.45, a PEG ratio of 1.57 and a beta of 1.86.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley dropped their price objective on shares of Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a report on Friday, April 12th. Stephens started coverage on shares of Portillo’s in a research note on Friday, April 12th. They set an “overweight” rating and a $20.00 target price for the company. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Portillo’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

About Portillo’s

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.