Arcos Dorados (NYSE:ARCO) Issues Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Arcos Dorados (NYSE:ARCO) announced its earnings results on Wednesday. The restaurant operator reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.06, Zacks reports. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%. The firm had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion.

Arcos Dorados Price Performance

Shares of ARCO opened at $8.24 on Thursday. Arcos Dorados has a fifty-two week low of $7.02 and a fifty-two week high of $11.92. The firm’s 50 day moving average price is $7.77 and its 200 day moving average price is $8.28. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.40. The company has a market cap of $1.73 billion, a P/E ratio of 11.76 and a beta of 1.09.

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.