McDonald's (MCD) Scheduled to Post Earnings on Tuesday

McDonald's (NYSE:MCD) is scheduled to be posting its quarterly earnings results before the market opens on Tuesday, January 30th. Analysts expect McDonald's to post earnings of $1.58 per share for the quarter.

McDonald's (NYSE:MCD) last issued its quarterly earnings data on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. The firm had revenue of $5.75 billion during the quarter, compared to analysts’ expectations of $5.75 billion. McDonald's had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue for the quarter was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.62 earnings per share. On average, analysts expect McDonald's to post $7 EPS for the current fiscal year and $7 EPS for the next fiscal year.

McDonald's (NYSE MCD) opened at $176.21 on Tuesday. The stock has a market cap of $142,730.00, a P/E ratio of 25.43, a P/E/G ratio of 2.78 and a beta of 0.67. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28. McDonald's has a 1-year low of $119.82 and a 1-year high of $176.83.

In other McDonald's news, VP James R. Sappington sold 8,046 shares of the company’s stock in a transaction on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the sale, the vice president now directly owns 15,739 shares of the company’s stock, valued at $2,596,935. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Stephen Easterbrook sold 171,577 shares of the company’s stock in a transaction on Tuesday, November 21st. The stock was sold at an average price of $168.32, for a total transaction of $28,879,840.64. Following the sale, the insider now directly owns 49,778 shares in the company, valued at $8,378,632.96. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Acrospire Investment Management LLC bought a new stake in McDonald's during the second quarter worth $153,000. Harvest Fund Management Co. Ltd bought a new stake in McDonald's during the second quarter worth $162,000. Miles Capital Inc. bought a new stake in McDonald's during the second quarter worth $204,000. Matthew Goff Investment Advisor LLC bought a new stake in McDonald's during the second quarter worth $205,000. Finally, Baker Avenue Asset Management LP raised its position in McDonald's by 2.8% during the second quarter. Baker Avenue Asset Management LP now owns 1,703 shares of the fast-food giant’s stock worth $261,000 after acquiring an additional 47 shares in the last quarter. 67.30% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price target on the stock in a research note on Thursday, January 18th. Goldman Sachs Group set a $200.00 price target on shares of McDonald's and gave the company a “buy” rating in a research note on Friday. Credit Suisse Group reaffirmed an “outperform” rating and issued a $185.00 price target (up previously from $178.00) on shares of McDonald's in a research note on Tuesday, December 19th. Cowen reaffirmed a “buy” rating and issued a $200.00 price target on shares of McDonald's in a research note on Friday, January 5th. Finally, Barclays reaffirmed an “overweight” rating and issued a $205.00 price target (up previously from $193.00) on shares of McDonald's in a research note on Tuesday, January 16th. Nine equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. McDonald's presently has an average rating of “Buy” and an average target price of $179.68.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

Earnings History for McDonald's (NYSE:MCD)

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