McDonald’s (NYSE:MCD) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

McDonald’s (NYSE:MCD) announced its earnings results on Tuesday. The fast-food giant reported $2.70 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.71 by ($0.01), RTT News reports. The firm had revenue of $6.17 billion for the quarter, compared to analyst estimates of $6.16 billion. McDonald’s had a negative return on equity of 171.96% and a net margin of 33.22%. The company’s revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter last year, the business earned $2.63 EPS.

McDonald’s Trading Up 0.2 %

NYSE:MCD opened at $273.57 on Tuesday. The stock has a market capitalization of $197.25 billion, a PE ratio of 23.64, a P/E/G ratio of 2.98 and a beta of 0.71. McDonald’s has a 1-year low of $245.73 and a 1-year high of $302.39. The firm has a fifty day simple moving average of $281.31 and a 200 day simple moving average of $282.15.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a dividend of $1.67 per share. This represents a $6.68 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Thursday, February 29th. McDonald’s’s dividend payout ratio is currently 57.74%.

Wall Street Analysts Forecast Growth

MCD has been the subject of several research analyst reports. Royal Bank of Canada cut their price objective on McDonald’s from $340.00 to $335.00 and set an “outperform” rating for the company in a research report on Tuesday, February 6th. Argus reiterated a “hold” rating on shares of McDonald’s in a research report on Monday, March 25th. Bank of America raised their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a research report on Monday, January 29th. Evercore ISI reiterated an “outperform” rating and set a $330.00 target price on shares of McDonald’s in a research report on Wednesday, March 27th. Finally, BTIG Research lowered shares of McDonald’s from a “buy” rating to a “neutral” rating in a report on Tuesday, February 6th. Nine analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. According to MarketBeat, McDonald’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $318.41.

Insiders Place Their Bets

In related news, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the sale, the insider now directly owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of McDonald’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $284.38, for a total transaction of $312,533.62. Following the completion of the transaction, the insider now directly owns 18,075 shares of the company’s stock, valued at $5,140,168.50. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the company’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total transaction of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

About McDonald’s

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.