Arcos Dorados (NYSE:ARCO) Issues Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Arcos Dorados (NYSE:ARCO - Get Free Report) posted its earnings results on Wednesday. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.02), Briefing.com reports. Arcos Dorados had a return on equity of 43.72% and a net margin of 4.18%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same period in the prior year, the business posted $0.18 EPS. The firm's quarterly revenue was up 11.0% compared to the same quarter last year.

Arcos Dorados Price Performance

Shares of Arcos Dorados stock traded down $0.12 on Thursday, reaching $10.45. 1,142,469 shares of the stock were exchanged, compared to its average volume of 1,100,709. The firm's 50 day moving average is $11.05 and its 200-day moving average is $11.51. The firm has a market cap of $2.20 billion, a PE ratio of 12.29, a P/E/G ratio of 0.98 and a beta of 1.27. The company has a debt-to-equity ratio of 1.38, a quick ratio of 0.66 and a current ratio of 0.72. Arcos Dorados has a one year low of $8.32 and a one year high of $13.20.

Arcos Dorados Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Monday, December 23rd will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.30%. The ex-dividend date of this dividend is Monday, December 23rd. Arcos Dorados's payout ratio is presently 28.24%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Arcos Dorados from a "buy" rating to a "hold" rating in a report on Thursday, April 4th. One investment analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $13.38.

Arcos Dorados Company Profile

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.