Equities research analysts expect McDonald's Co. (NYSE:MCD) to announce earnings per share of $1.67 for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for McDonald's’ earnings. The highest EPS estimate is $1.73 and the lowest is $1.58. McDonald's posted earnings of $1.47 per share in the same quarter last year, which indicates a positive year over year growth rate of 13.6%. The firm is scheduled to report its next earnings results on Tuesday, April 24th.
On average, analysts expect that McDonald's will report full year earnings of $7.63 per share for the current year, with EPS estimates ranging from $7.45 to $7.90. For the next year, analysts anticipate that the business will report earnings of $8.28 per share, with EPS estimates ranging from $8.05 to $8.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that that provide coverage for McDonald's.
McDonald's (NYSE:MCD) last announced its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.12. The company had revenue of $5.34 billion during the quarter, compared to the consensus estimate of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm’s quarterly revenue was down 11.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 earnings per share.
A number of equities research analysts have commented on the stock. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 target price for the company in a research report on Thursday, January 18th. Stifel Nicolaus set a $172.00 target price on shares of McDonald's and gave the stock a “neutral” rating in a research report on Wednesday, January 3rd. Piper Jaffray Companies lifted their target price on shares of McDonald's from $175.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, December 14th. Goldman Sachs Group set a $200.00 target price on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and issued a $175.00 target price (down previously from $191.00) on shares of McDonald's in a research report on Tuesday, March 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. McDonald's presently has a consensus rating of “Buy” and a consensus target price of $183.02.
Shares of McDonald's (NYSE:MCD) traded up $1.17 on Thursday, hitting $158.91. 2,336,878 shares of the company traded hands, compared to its average volume of 4,811,581. The company has a market capitalization of $126,180.00, a P/E ratio of 21.98, a P/E/G ratio of 2.36 and a beta of 0.65. The company has a quick ratio of 1.82, a current ratio of 1.84 and a debt-to-equity ratio of -9.04. McDonald's has a 12 month low of $127.47 and a 12 month high of $178.70.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $1.01 per share. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.54%. The ex-dividend date of this dividend is Wednesday, February 28th. McDonald's’s dividend payout ratio (DPR) is 55.88%.
In related news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares in the company, valued at approximately $238,414.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its stake in McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock worth $8,776,174,000 after purchasing an additional 906,303 shares in the last quarter. BlackRock Inc. lifted its stake in McDonald's by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock worth $9,558,713,000 after purchasing an additional 481,739 shares in the last quarter. Capital World Investors lifted its stake in McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock worth $3,413,646,000 after purchasing an additional 606,232 shares in the last quarter. Capital Research Global Investors lifted its stake in McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock worth $1,812,747,000 after purchasing an additional 360,212 shares in the last quarter. Institutional investors own 68.59% of the company’s stock.
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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.
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