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

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

Arcos Dorados Price Performance

NYSE ARCO remained flat at $8.80 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 PE ratio of 12.58, a price-to-earnings-growth ratio of 2.71 and a beta of 1.16. The company has a 50 day moving average of $8.92 and a 200 day moving average of $9.38. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. Arcos Dorados has a fifty-two week low of $8.07 and a fifty-two week high of $13.20.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price target on 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.