Wall Street analysts expect that Mcdonald’s Corp (NYSE:MCD) will announce earnings of $1.99 per share for the current fiscal quarter, according to Zacks Investment Research. Eight analysts have issued estimates for Mcdonald’s’ earnings. The highest EPS estimate is $2.06 and the lowest is $1.94. Mcdonald’s reported earnings of $1.76 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 13.1%. The company is scheduled to issue its next earnings results before the market opens on Tuesday, October 23rd.
On average, analysts expect that Mcdonald’s will report full year earnings of $7.65 per share for the current fiscal year, with EPS estimates ranging from $7.55 to $7.80. For the next financial year, analysts expect that the firm will report earnings of $8.20 per share, with EPS estimates ranging from $7.93 to $8.40. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Mcdonald’s.
Mcdonald’s (NYSE:MCD) last released its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.92 by $0.07. The firm had revenue of $5.35 billion for the quarter, compared to analyst estimates of $5.32 billion. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. Mcdonald’s’s quarterly revenue was down 11.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share.
MCD has been the topic of several research reports. Citigroup increased their price objective on shares of Mcdonald’s from $176.00 to $178.00 and gave the stock a “neutral” rating in a research note on Thursday, June 14th. Wells Fargo & Co reiterated a “buy” rating and set a $185.00 price objective on shares of Mcdonald’s in a research note on Thursday, June 21st. Royal Bank of Canada reiterated a “buy” rating and set a $175.00 price objective on shares of Mcdonald’s in a research note on Monday, July 9th. Cleveland Research lowered shares of Mcdonald’s from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $200.00 price objective on shares of Mcdonald’s in a research note on Wednesday, July 11th. Eight investment analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $182.65.
Several large investors have recently made changes to their positions in MCD. Fundsmith Equity Fund L.P. acquired a new stake in shares of Mcdonald’s in the second quarter valued at approximately $1,191,239,000. AustralianSuper Pty Ltd acquired a new stake in shares of Mcdonald’s in the second quarter valued at approximately $179,723,000. Amundi Pioneer Asset Management Inc. increased its stake in shares of Mcdonald’s by 103.8% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 2,043,158 shares of the fast-food giant’s stock valued at $319,509,000 after purchasing an additional 1,040,636 shares during the period. FMR LLC increased its stake in shares of Mcdonald’s by 5.5% in the second quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the period. Finally, Caisse DE Depot ET Placement DU Quebec increased its stake in shares of Mcdonald’s by 30.3% in the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 2,808,550 shares of the fast-food giant’s stock valued at $440,072,000 after purchasing an additional 652,752 shares during the period. Institutional investors own 66.98% of the company’s stock.
MCD traded up $1.20 on Monday, hitting $167.77. 2,527,900 shares of the company’s stock were exchanged, compared to its average volume of 4,027,284. The firm has a market cap of $129.78 billion, a price-to-earnings ratio of 25.19, a price-to-earnings-growth ratio of 2.49 and a beta of 0.66. Mcdonald’s has a twelve month low of $146.84 and a twelve month high of $178.70. The company has a quick ratio of 1.45, a current ratio of 1.47 and a debt-to-equity ratio of -5.24.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be paid a $1.16 dividend. The ex-dividend date is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.77%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is presently 60.66%.
McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.
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