McDonald's Co. (MCD) Posts Quarterly Earnings Results, Misses Estimates By $0.03 EPS
McDonald's Co. (NYSE:MCD) released its earnings data on Tuesday. The company reported $1.21 EPS for the quarter, missing the Thomson Reuters consensus estimate of $1.24 by $0.03, Stock Ratings Network.com reports. The company had revenue of $6.70 billion for the quarter, compared to the consensus estimate of $6.73 billion.
Several analysts have recently commented on the stock. Analysts at Barclays raised their price target on shares of McDonald's Co. from $106.00 to $115.00 in a research note on Tuesday, April 15th. They now have an “overweight” rating on the stock. On a related note, analysts at Morgan Stanley reiterated an “overweight” rating on shares of McDonald's Co. in a research note on Thursday, March 6th. They now have a $115.00 price target on the stock. Finally, analysts at TheStreet reiterated a “buy” rating on shares of McDonald's Co. in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and nine have assigned a buy rating to the company. McDonald's Co. presently has an average rating of “Hold” and a consensus target price of $103.40.
Shares of McDonald's Co. (NYSE:MCD) opened at 99.67 on Tuesday. McDonald's Co. has a one year low of $92.22 and a one year high of $103.34. The stock has a 50-day moving average of $97.43 and a 200-day moving average of $96.18. The company has a market cap of $98.661 billion and a price-to-earnings ratio of 18.06. McDonald's Co. also saw some unusual options trading on Monday. Traders purchased 20,393 put options on the company. This is an increase of approximately 298% compared to the average volume of 5,128 put options.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.
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