Arcos Dorados (ARCO) Set to Announce Quarterly Earnings on Wednesday

Arcos Dorados (NYSE:ARCO) will be releasing its earnings data before the market opens on Wednesday, November 13th. Analysts expect Arcos Dorados to post earnings of $0.16 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, August 14th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Arcos Dorados had a return on equity of 36.55% and a net margin of 3.80%. The company had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 6.8% compared to the same quarter last year. On average, analysts expect Arcos Dorados to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Arcos Dorados Price Performance

Shares of ARCO opened at $8.52 on Monday. The stock has a 50 day simple moving average of $8.93 and a 200 day simple moving average of $9.44. Arcos Dorados has a 52-week low of $8.08 and a 52-week high of $13.20. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.57 and a current ratio of 0.63. The firm has a market capitalization of $1.79 billion, a PE ratio of 10.52, a P/E/G ratio of 2.64 and a beta of 1.16.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on Arcos Dorados from $14.00 to $12.00 and set an “overweight” rating on the stock 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.