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

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

Arcos Dorados Price Performance

Arcos Dorados stock remained flat at $8.80 during trading on Friday. The company had a trading volume of 952,822 shares, compared to its average volume of 1,212,418. Arcos Dorados has a fifty-two week low of $8.07 and a fifty-two 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 company’s 50-day moving average price is $8.92 and its 200 day moving average price is $9.38. The firm has a market cap 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.

Analyst Upgrades and Downgrades

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 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.