Portillo’s (PTLO) Scheduled to Post Earnings on Tuesday

Portillo’s (NASDAQ:PTLO) is scheduled to announce its earnings results before the market opens on Tuesday, November 5th. Analysts expect the company to announce earnings of $0.07 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). Portillo’s had a net margin of 3.30% and a return on equity of 5.08%. The business had revenue of $181.86 million for the quarter, compared to analysts’ expectations of $184.44 million. During the same period last year, the business earned $0.12 earnings per share. The company’s revenue was up 7.5% on a year-over-year basis. On average, analysts expect Portillo’s to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Portillo’s Trading Up 7.3 %

NASDAQ:PTLO opened at $13.88 on Monday. Portillo’s has a one year low of $8.66 and a one year high of $16.98. The company’s 50-day simple moving average is $12.68 and its 200 day simple moving average is $11.21. The firm has a market capitalization of $1.01 billion, a P/E ratio of 36.53, a PEG ratio of 16.81 and a beta of 1.78. The company has a debt-to-equity ratio of 0.60, a current ratio of 0.38 and a quick ratio of 0.30.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PTLO. Stifel Nicolaus cut their price target on Portillo’s from $15.00 to $13.00 and set a “buy” rating on the stock in a research note on Friday, July 12th. Bank of America cut their target price on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research note on Wednesday, July 17th. Morgan Stanley lowered their price target on Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Finally, Stephens downgraded shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock. in a research report on Monday, October 7th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $13.86.

About Portillo’s

Portillo’s Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.