Arcos Dorados (NYSE:ARCO) Releases Quarterly Earnings Results, Hits Estimates

Arcos Dorados (NYSE:ARCO) issued its quarterly earnings data 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 for the quarter, compared to the consensus estimate of $1.06 billion. During the same period last year, the firm posted $0.14 EPS. Arcos Dorados’s quarterly revenue was up 6.8% compared to the same quarter last year.

Arcos Dorados Price Performance

Shares of ARCO stock traded down $0.40 during midday trading on Thursday, reaching $9.64. 1,418,157 shares of the company were exchanged, compared to its average volume of 1,163,649. The company’s 50 day moving average price is $9.42 and its two-hundred day moving average price is $10.55. The company has a market cap of $2.03 billion, a P/E ratio of 11.95, a PEG ratio of 1.80 and a beta of 1.21. Arcos Dorados has a 12 month low of $8.59 and a 12 month high of $13.20. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.60 and a current ratio of 0.66.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Arcos Dorados from a “buy” rating to a “hold” rating in a research report 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.