Equities research analysts expect McDonald’s Co. (NYSE:MCD – Get Rating) to announce earnings of $2.46 per share for the current quarter, Zacks Investment Research reports. Eleven analysts have provided estimates for McDonald’s’ earnings, with the highest EPS estimate coming in at $2.62 and the lowest estimate coming in at $2.27. McDonald’s reported earnings of $2.37 per share during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is scheduled to announce its next earnings report on Monday, January 1st.
On average, analysts expect that McDonald’s will report full year earnings of $9.80 per share for the current year, with EPS estimates ranging from $9.21 to $10.21. For the next year, analysts anticipate that the business will post earnings of $10.76 per share, with EPS estimates ranging from $10.30 to $11.60. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that follow McDonald’s.
McDonald’s (NYSE:MCD – Get Rating) last issued its earnings results on Thursday, April 28th. The fast-food giant reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.18 by $0.10. The business had revenue of $5.67 billion for the quarter, compared to the consensus estimate of $5.57 billion. McDonald’s had a net margin of 29.93% and a negative return on equity of 131.20%. The firm’s revenue for the quarter was up 10.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.92 earnings per share.
Several equities analysts have commented on MCD shares. KeyCorp upped their price objective on shares of McDonald’s from $275.00 to $285.00 and gave the company an “overweight” rating in a report on Wednesday, January 26th. Robert W. Baird upped their price objective on shares of McDonald’s from $268.00 to $293.00 in a report on Tuesday, January 25th. BTIG Research decreased their price objective on shares of McDonald’s from $295.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, April 19th. Piper Sandler decreased their price objective on shares of McDonald’s from $282.00 to $250.00 and set an “overweight” rating on the stock in a report on Monday, March 28th. Finally, Guggenheim decreased their price objective on shares of McDonald’s from $300.00 to $290.00 and set a “buy” rating on the stock in a report on Monday, May 2nd. Seven analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $281.81.
Shares of NYSE:MCD traded up $6.52 on Tuesday, hitting $244.52. The company had a trading volume of 5,256,478 shares, compared to its average volume of 3,247,364. McDonald’s has a 1-year low of $217.68 and a 1-year high of $271.15. The stock has a market cap of $180.83 billion, a price-to-earnings ratio of 25.82, a P/E/G ratio of 2.91 and a beta of 0.57. The stock has a 50 day moving average price of $246.06 and a 200 day moving average price of $251.17.
In other news, insider Joseph M. Erlinger sold 5,892 shares of the stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $249.23, for a total value of $1,468,463.16. Following the completion of the transaction, the insider now owns 8,187 shares of the company’s stock, valued at $2,040,446.01. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Catherine M. Engelbert bought 1,000 shares of the company’s stock in a transaction dated Monday, February 28th. The stock was bought at an average cost of $244.18 per share, with a total value of $244,180.00. The disclosure for this purchase can be found here. 0.25% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Norwood Financial Corp bought a new position in McDonald’s in the 4th quarter valued at approximately $27,000. Artemis Wealth Advisors LLC bought a new position in McDonald’s in the 1st quarter valued at approximately $28,000. Future Financial Wealth Managment LLC acquired a new stake in McDonald’s during the 4th quarter valued at approximately $33,000. Delos Wealth Advisors LLC acquired a new stake in McDonald’s during the 3rd quarter valued at approximately $30,000. Finally, Castle Financial & Retirement Planning Associates Inc. acquired a new stake in McDonald’s during the 4th quarter valued at approximately $34,000. Institutional investors and hedge funds own 68.44% of the company’s stock.
McDonald’s Company Profile (Get Rating)
McDonald’s Corporation operates and franchises McDonald’s restaurants in the United States and internationally. Its restaurants offer hamburgers and cheeseburgers, chicken sandwiches and nuggets, wraps, fries, salads, oatmeal, shakes, desserts, sundaes, soft serve cones, bakery items, soft drinks, coffee, and beverages and other beverages, as well as breakfast menu, including biscuit and bagel sandwiches, breakfast burritos, hotcakes, and other sandwiches.
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