$1.90 EPS Expected for Mcdonald’s Corp (MCD) This Quarter

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Brokerages expect Mcdonald’s Corp (NYSE:MCD) to announce earnings of $1.90 per share for the current fiscal quarter, Zacks reports. Ten analysts have made estimates for Mcdonald’s’ earnings. The highest EPS estimate is $1.94 and the lowest is $1.84. Mcdonald’s reported earnings of $1.71 per share in the same quarter last year, which would suggest a positive year over year growth rate of 11.1%. The firm is expected to announce its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Mcdonald’s will report full-year earnings of $7.76 per share for the current fiscal year, with EPS estimates ranging from $7.69 to $7.80. For the next fiscal year, analysts forecast that the company will report earnings of $8.28 per share, with EPS estimates ranging from $8.12 to $8.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research firms that follow Mcdonald’s.

Mcdonald’s (NYSE:MCD) last announced its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 EPS for the quarter, beating the consensus estimate of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The company had revenue of $5.37 billion for the quarter, compared to analyst estimates of $5.28 billion. During the same quarter in the prior year, the company earned $1.76 EPS. The firm’s revenue for the quarter was down 6.7% compared to the same quarter last year.

Several equities research analysts recently commented on MCD shares. Citigroup cut their target price on Mcdonald’s from $178.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 15th. Royal Bank of Canada restated a “buy” rating and set a $175.00 target price on shares of Mcdonald’s in a research report on Thursday, August 16th. Stifel Nicolaus restated a “neutral” rating and set a $168.00 target price on shares of Mcdonald’s in a research report on Monday, August 20th. Barclays restated a “buy” rating and set a $194.00 target price on shares of Mcdonald’s in a research report on Monday, August 20th. Finally, Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Mcdonald’s in a research report on Tuesday, August 28th. Seven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $191.69.

Shares of Mcdonald’s stock opened at $182.96 on Wednesday. Mcdonald’s has a one year low of $146.84 and a one year high of $190.88. The stock has a market cap of $142.97 billion, a P/E ratio of 24.43, a price-to-earnings-growth ratio of 2.72 and a beta of 0.55.

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 issued a $1.16 dividend. The ex-dividend date of this dividend is Friday, November 30th. This represents a $4.64 annualized dividend and a yield of 2.54%. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio is presently 69.67%.

In other news, EVP Francesca A. Debiase sold 15,136 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The stock was sold at an average price of $176.17, for a total value of $2,666,509.12. Following the transaction, the executive vice president now owns 17,306 shares in the company, valued at $3,048,798.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Stephen Easterbrook sold 201,123 shares of the firm’s stock in a transaction that occurred on Wednesday, October 24th. The shares were sold at an average price of $175.63, for a total value of $35,323,232.49. Following the completion of the transaction, the chief executive officer now owns 48,925 shares in the company, valued at approximately $8,592,697.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 221,041 shares of company stock worth $38,839,407. Corporate insiders own 0.22% of the company’s stock.

Several hedge funds have recently bought and sold shares of MCD. CSat Investment Advisory L.P. bought a new position in shares of Mcdonald’s in the second quarter valued at approximately $104,000. Quad Cities Investment Group LLC purchased a new stake in shares of Mcdonald’s during the second quarter valued at approximately $110,000. NuWave Investment Management LLC increased its position in shares of Mcdonald’s by 2,485.2% during the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 671 shares during the last quarter. Truvestments Capital LLC purchased a new stake in shares of Mcdonald’s during the third quarter valued at approximately $122,000. Finally, Sound Income Strategies LLC increased its position in shares of Mcdonald’s by 69.2% during the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock valued at $124,000 after acquiring an additional 304 shares during the last quarter. Institutional investors own 67.22% of the company’s stock.

About Mcdonald’s

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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