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 the consensus estimate of $0.16 by $0.01, Briefing.com reports. The firm had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 30.07%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the firm earned $0.30 earnings per share.

Arcos Dorados Stock Performance

NYSE:ARCO remained flat at $8.80 during mid-day trading on Friday. The company had a trading volume of 952,822 shares, compared to its average volume of 1,212,418. The company has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16. The firm’s 50 day moving average price is $8.92 and its 200 day moving average price is $9.38. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.52. Arcos Dorados has a 1 year low of $8.07 and a 1 year high of $13.20.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price target 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.