Arcos Dorados (ARCO) Set to Announce Quarterly Earnings on Wednesday

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Arcos Dorados (NYSE:ARCO) will be posting its quarterly earnings results before the market opens on Wednesday, August 7th. Analysts expect Arcos Dorados to post earnings of $0.06 per share for the quarter.

Arcos Dorados (NYSE:ARCO) last announced its quarterly earnings results on Wednesday, May 15th. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04). The firm had revenue of $731.00 million for the quarter. Arcos Dorados had a return on equity of 12.41% and a net margin of 1.64%. On average, analysts expect Arcos Dorados to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE:ARCO opened at $7.57 on Tuesday. The stock’s 50 day moving average price is $7.68. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 42.06 and a beta of 0.99. The company has a debt-to-equity ratio of 3.91, a current ratio of 0.77 and a quick ratio of 0.70. Arcos Dorados has a 12 month low of $5.92 and a 12 month high of $9.22.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. assumed coverage on Arcos Dorados in a research note on Wednesday, July 10th. They set an “overweight” rating and a $8.50 price target on the stock. ValuEngine lowered Arcos Dorados from a “buy” rating to a “hold” rating in a research note on Wednesday, July 17th. Zacks Investment Research lowered Arcos Dorados from a “hold” rating to a “sell” rating in a research note on Wednesday, June 19th. Bradesco Corretora raised Arcos Dorados from a “neutral” rating to an “outperform” rating and boosted their price target for the stock from $9.00 to $11.00 in a research note on Friday, July 26th. Finally, TheStreet lowered Arcos Dorados from a “b-” rating to a “c” rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $9.75.

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, CuraƧao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the United States Virgin Islands of St.

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Earnings History for Arcos Dorados (NYSE:ARCO)

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