Arcos Dorados Holdings Inc. (ARCO) to Release Quarterly Earnings on Tuesday
Arcos Dorados Holdings Inc. (NYSE:ARCO) will announce its earnings results before the market opens on Tuesday, October 31st.
Arcos Dorados Holdings (NYSE:ARCO) last issued its quarterly earnings data on Wednesday, August 9th. The restaurant operator reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.12). Arcos Dorados Holdings had a net margin of 1.76% and a return on equity of 14.68%. The business had revenue of $798.70 million during the quarter. On average, analysts expect Arcos Dorados Holdings to post $0.38 EPS for the current fiscal year and $0.34 EPS for the next fiscal year.
Arcos Dorados Holdings Inc. (ARCO) opened at 10.564 on Tuesday. The company has a 50 day moving average price of $9.78 and a 200 day moving average price of $8.79. The firm has a market capitalization of $2.23 billion, a price-to-earnings ratio of 40.631 and a beta of 2.15. Arcos Dorados Holdings Inc. has a 12 month low of $5.20 and a 12 month high of $10.80.
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A number of brokerages have weighed in on ARCO. BidaskClub upgraded Arcos Dorados Holdings from a “buy” rating to a “strong-buy” rating in a report on Thursday, September 14th. Citigroup Inc. upgraded Arcos Dorados Holdings from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $10.10 to $10.60 in a report on Monday, August 28th. ValuEngine downgraded Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 11th. Finally, Zacks Investment Research downgraded Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, July 4th. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Arcos Dorados Holdings currently has an average rating of “Buy” and a consensus price target of $9.53.
Arcos Dorados Holdings Company Profile
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
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