Arcos Dorados Holdings Now Covered by Credit Suisse (ARCO)
Analysts at Credit Suisse initiated coverage on shares of Arcos Dorados Holdings (NASDAQ:ARCO) in a research report issued to clients and investors on Monday, TheFlyOnTheWall.com reports. The firm set a “neutral” rating on the stock.
Arcos Dorados Holdings (NASDAQ:ARCO) traded down 0.69% on Monday, hitting $8.62. 511,794 shares of the company’s stock traded hands. Arcos Dorados Holdings has a one year low of $8.26 and a one year high of $15.06. The stock has a 50-day moving average of $9.30 and a 200-day moving average of $10.1.
Arcos Dorados Holdings (NASDAQ:ARCO) last released its earnings data on Tuesday, May 6th. The company reported ($0.10) earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.15. The company had revenue of $915.50 million for the quarter, compared to the consensus estimate of $962.30 million. During the same quarter last year, the company posted ($0.03) earnings per share. Arcos Dorados Holdings’s revenue was down 6.3% compared to the same quarter last year. Analysts expect that Arcos Dorados Holdings will post $0.27 EPS for the current fiscal year.
Arcos Dorados Holdings Inc is a McDonald’s franchisee. As of December 31, 2010, the Company operated or franchised 1,755 McDonald’s-branded restaurants, which represented 6.
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