Arcos Dorados (NYSE:ARCO) Issues Earnings Results

Arcos Dorados (NYSE:ARCO) released its earnings results on Wednesday. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13, Briefing.com reports. Arcos Dorados had a net margin of 3.90% and a return on equity of 38.57%. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The firm’s revenue for the quarter was up 6.8% compared to the same quarter last year.

Arcos Dorados Stock Down 3.5 %

Shares of ARCO stock traded down $0.35 during trading on Thursday, hitting $9.69. 1,281,744 shares of the company were exchanged, compared to its average volume of 1,163,155. The business’s 50-day simple moving average is $9.42 and its 200 day simple moving average is $10.55. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.60 and a current ratio of 0.66. Arcos Dorados has a twelve month low of $8.59 and a twelve month high of $13.20. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 11.95, a P/E/G ratio of 1.80 and a beta of 1.21.

Analyst Ratings Changes

Separately, StockNews.com cut Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Friday, May 24th.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald's restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald's restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.