Brokerages expect McDonald's Co. (NYSE:MCD) to post earnings of $1.67 per share for the current fiscal quarter, according to Zacks. Nine analysts have provided estimates for McDonald's’ earnings. The lowest EPS estimate is $1.58 and the highest is $1.73. McDonald's posted earnings per share of $1.47 during the same quarter last year, which would suggest a positive year over year growth rate of 13.6%. The business is scheduled to announce its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that McDonald's will report full year earnings of $7.63 per share for the current fiscal year, with EPS estimates ranging from $7.45 to $7.90. For the next fiscal year, analysts expect that the company will report earnings of $8.28 per share, with EPS estimates ranging from $8.05 to $8.67. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover McDonald's.
McDonald's (NYSE:MCD) last issued its quarterly earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, topping the consensus estimate of $1.59 by $0.12. McDonald's had a net margin of 22.75% and a negative return on equity of 201.76%. The firm had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same period in the previous year, the business earned $1.44 earnings per share. McDonald's’s revenue for the quarter was down 11.4% compared to the same quarter last year.
Shares of McDonald's (NYSE:MCD) traded up $1.17 during trading on Thursday, reaching $158.91. 2,336,878 shares of the company’s stock traded hands, compared to its average volume of 4,811,581. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04. McDonald's has a 12-month low of $127.47 and a 12-month high of $178.70. The company has a market capitalization of $126,180.00, a PE ratio of 21.98, a PEG ratio of 2.36 and a beta of 0.65.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $1.01 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.54%. McDonald's’s dividend payout ratio (DPR) is presently 55.88%.
In other McDonald's news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the transaction, the vice president now owns 1,398 shares of the company’s stock, valued at approximately $238,414.92. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. Insiders own 0.24% of the company’s stock.
Large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of McDonald's by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 57,300,686 shares of the fast-food giant’s stock valued at $8,776,174,000 after buying an additional 906,303 shares in the last quarter. BlackRock Inc. grew its stake in shares of McDonald's by 0.9% in the 4th quarter. BlackRock Inc. now owns 55,535,177 shares of the fast-food giant’s stock valued at $9,558,713,000 after buying an additional 481,739 shares in the last quarter. Capital World Investors grew its stake in shares of McDonald's by 2.8% in the 2nd quarter. Capital World Investors now owns 22,288,104 shares of the fast-food giant’s stock valued at $3,413,646,000 after buying an additional 606,232 shares in the last quarter. Capital Research Global Investors grew its stake in shares of McDonald's by 15.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant’s stock valued at $1,846,905,000 after buying an additional 1,572,074 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of McDonald's by 3.1% in the 2nd quarter. Northern Trust Corp now owns 11,835,647 shares of the fast-food giant’s stock valued at $1,812,747,000 after buying an additional 360,212 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors.
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McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.
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