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

Arcos Dorados (NYSE:ARCO - Get Free Report) issued its quarterly earnings results on Wednesday. The restaurant operator reported $0.17 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.01, Briefing.com reports. The company had revenue of $1.13 billion for the quarter, compared to analyst estimates of $1.13 billion. Arcos Dorados had a return on equity of 30.07% and a net margin of 3.25%. The company's quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company earned $0.30 earnings per share.

Arcos Dorados Stock Performance

NYSE:ARCO remained flat at $8.80 during mid-day trading on Friday. The company had a trading volume of 952,822 shares, compared to its average volume of 1,212,418. The business's fifty day moving average price is $8.92 and its two-hundred day moving average price is $9.38. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 12.57, a PEG ratio of 2.71 and a beta of 1.16. Arcos Dorados has a 1 year low of $8.07 and a 1 year high of $13.20. The company has a quick ratio of 0.57, a current ratio of 0.63 and a debt-to-equity ratio of 1.52.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lowered their price target on Arcos Dorados from $14.00 to $12.00 and set an "overweight" rating on the stock in a report 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.