Arcos Dorados (NYSE:ARCO) Releases Earnings Results, Beats Estimates By $0.01 EPS

Arcos Dorados (NYSE:ARCO) posted its earnings results on Wednesday. The restaurant operator reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01, Briefing.com reports. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 30.07%. The business’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.30 earnings per share.

Arcos Dorados Stock Performance

Shares of NYSE:ARCO remained flat at $8.80 during trading on Friday. 952,822 shares of the stock were exchanged, compared to its average volume of 1,212,418. The stock has a market capitalization of $1.85 billion, a PE ratio of 12.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16. The company has a current ratio of 0.63, a quick ratio of 0.57 and a debt-to-equity ratio of 1.52. The business’s 50 day moving average is $8.92 and its two-hundred day moving average is $9.38. Arcos Dorados has a 12 month low of $8.07 and a 12 month high of $13.20.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their target price on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research report on Friday, September 13th.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.