Portillo's (PTLO) to Release Earnings on Tuesday

Portillo's (NASDAQ:PTLO - Get Free Report) is scheduled to release its earnings data before the market opens on Tuesday, November 5th. Analysts expect Portillo's to post earnings of $0.07 per share for the quarter. Individual interested in registering for the company's earnings conference call can do so using this link.

Portillo's (NASDAQ:PTLO - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). Portillo's had a return on equity of 5.08% and a net margin of 3.30%. The firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. During the same period last year, the company posted $0.12 earnings per share. The business's revenue was up 7.5% compared to the same quarter last year. 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 Stock Performance

Shares of PTLO traded down $0.26 during midday trading on Tuesday, reaching $13.06. The stock had a trading volume of 908,869 shares, compared to its average volume of 1,034,822. The firm has a 50 day simple moving average of $12.59 and a 200-day simple moving average of $11.20. The firm has a market cap of $952.99 million, a PE ratio of 34.92, a P/E/G ratio of 16.76 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. Portillo's has a one year low of $8.66 and a one year high of $16.98.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the company. Morgan Stanley cut their price target on Portillo's from $15.00 to $13.00 and set an "equal weight" rating for the company in a report on Tuesday, July 16th. Stifel Nicolaus cut their target price on shares of Portillo's from $15.00 to $13.00 and set a "buy" rating for the company in a research note on Friday, July 12th. Bank of America decreased their price target on shares of Portillo's from $20.00 to $17.00 and set a "buy" rating on the stock in a research note on Wednesday, July 17th. Finally, Stephens downgraded shares of Portillo's from an "overweight" rating to an "equal weight" rating and set a $13.00 price objective for the company. in a research report on Monday, October 7th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Portillo's has a consensus rating of "Moderate Buy" and a consensus price target 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.