Portillo's (PTLO) to Release Quarterly Earnings on Tuesday

Portillo's (NASDAQ:PTLO - Get Free Report) will be releasing its earnings data before the market opens on Tuesday, May 7th. Analysts expect Portillo's to post earnings of $0.06 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Portillo's (NASDAQ:PTLO - Get Free Report) last announced its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.08. Portillo's had a net margin of 2.71% and a return on equity of 4.79%. The company had revenue of $187.86 million for the quarter, compared to analysts' expectations of $184.95 million. During the same quarter in the previous year, the business posted $0.08 earnings per share. Portillo's's quarterly revenue was up 24.5% on a year-over-year basis. On average, analysts expect Portillo's to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Portillo's Trading Up 0.4 %

PTLO stock traded up $0.05 during mid-day trading on Tuesday, reaching $12.26. 803,168 shares of the stock traded hands, compared to its average volume of 888,727. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.32 and a current ratio of 0.40. Portillo's has a one year low of $11.53 and a one year high of $23.99. The stock has a market capitalization of $894.61 million, a PE ratio of 39.55, a PEG ratio of 1.58 and a beta of 1.85. The business has a 50-day moving average price of $13.30 and a two-hundred day moving average price of $14.36.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on PTLO shares. Stephens started coverage on shares of Portillo's in a research report on Friday, April 12th. They set an "overweight" rating and a $20.00 price objective on the stock. Morgan Stanley cut their price objective on shares of Portillo's from $17.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Friday, April 12th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $22.43.

About Portillo's

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.