Arcos Dorados (NYSE:ARCO) Issues Quarterly Earnings Results, Meets Expectations

Arcos Dorados (NYSE:ARCO) posted its earnings results on Wednesday. The restaurant operator reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13, Briefing.com reports. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The firm’s revenue was up 6.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.14 EPS.

Arcos Dorados Stock Performance

NYSE:ARCO traded down $0.35 during mid-day trading on Thursday, hitting $9.69. 1,281,744 shares of the company traded hands, compared to its average volume of 1,163,155. Arcos Dorados has a one year low of $8.59 and a one year high of $13.20. The company has a quick ratio of 0.60, a current ratio of 0.66 and a debt-to-equity ratio of 1.47. The firm has a market cap of $2.04 billion, a price-to-earnings ratio of 11.95, a price-to-earnings-growth ratio of 1.80 and a beta of 1.21. The stock’s fifty day moving average price is $9.42 and its 200-day moving average price is $10.55.

Analysts Set New Price Targets

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a report on Friday, May 24th.

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.