Arcos Dorados (NYSE:ARCO) Issues Earnings Results, Beats Expectations By $0.06 EPS

Arcos Dorados (NYSE:ARCO) released its quarterly earnings data on Wednesday. The restaurant operator reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06, Zacks reports. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%.

Arcos Dorados Stock Performance

ARCO opened at $8.08 on Wednesday. Arcos Dorados has a 52-week low of $7.02 and a 52-week high of $11.92. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 11.56 and a beta of 1.09. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The firm’s fifty day simple moving average is $7.76 and its two-hundred day simple moving average is $8.29.

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.