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

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

Arcos Dorados Stock Performance

ARCO stock remained flat at $8.80 during midday trading on Friday. 952,822 shares of the company’s stock were exchanged, compared to its average volume of 1,212,418. Arcos Dorados has a twelve month low of $8.07 and a twelve month high of $13.20. The company has a market cap of $1.85 billion, a PE ratio of 12.58, a P/E/G 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 stock’s 50-day moving average is $8.92 and its 200-day moving average is $9.38.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock in a research report on Friday, September 13th.

About Arcos Dorados

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.