Arcos Dorados (NYSE:ARCO) Releases Earnings Results

Arcos Dorados (NYSE:ARCO) posted its quarterly earnings results on Wednesday. The restaurant operator reported $0.17 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.01, Briefing.com reports. The business 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%. Arcos Dorados’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share.

Arcos Dorados Stock Performance

Shares of ARCO remained flat at $8.80 during trading hours on Friday. The stock had a trading volume of 952,822 shares, compared to its average volume of 1,212,418. The stock has a market capitalization of $1.85 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 2.71 and a beta of 1.16. 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 twelve month low of $8.07 and a twelve month high of $13.20. The firm has a fifty day simple moving average of $8.92 and a two-hundred day simple moving average of $9.38.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating for the company in a research note 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.