Zacks: Analysts Expect McDonald’s Corporation (NYSE:MCD) to Announce $1.62 EPS

Analysts forecast that McDonald’s Corporation (NYSE:MCD) will announce earnings per share (EPS) of $1.62 for the current quarter, according to Zacks Investment Research. Eight analysts have made estimates for McDonald’s Corporation’s earnings, with the highest EPS estimate coming in at $1.72 and the lowest estimate coming in at $1.51. McDonald’s Corporation posted earnings of $1.45 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 11.7%. The business is expected to report its next quarterly earnings results before the market opens on Tuesday, July 25th.

On average, analysts expect that McDonald’s Corporation will report full-year earnings of $6.40 per share for the current year, with EPS estimates ranging from $6.20 to $6.60. For the next financial year, analysts expect that the business will report earnings of $6.78 per share, with EPS estimates ranging from $6.50 to $7.01. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for McDonald’s Corporation.

McDonald’s Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, April 25th. The fast-food giant reported $1.47 EPS for the quarter, beating the Zacks’ consensus estimate of $1.33 by $0.14. McDonald’s Corporation had a negative return on equity of 387.22% and a net margin of 19.58%. The firm had revenue of $5.68 billion for the quarter, compared to analyst estimates of $5.53 billion. During the same period last year, the firm posted $1.23 earnings per share. The business’s revenue for the quarter was down 3.9% on a year-over-year basis.

Several brokerages have recently commented on MCD. Sanford C. Bernstein upgraded McDonald’s Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $129.00 to $160.00 in a research report on Tuesday, April 18th. UBS AG set a $143.00 price objective on McDonald’s Corporation and gave the company a “neutral” rating in a research report on Wednesday, April 26th. BMO Capital Markets reiterated a “buy” rating and set a $159.00 price objective on shares of McDonald’s Corporation in a research report on Thursday, April 27th. Argus upgraded McDonald’s Corporation from a “hold” rating to a “buy” rating and increased their price objective for the company from $140.84 to $158.00 in a research report on Thursday, April 27th. Finally, Piper Jaffray Companies reiterated a “buy” rating and set a $153.00 price objective on shares of McDonald’s Corporation in a research report on Friday. One research analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $152.52.

Shares of McDonald’s Corporation (NYSE:MCD) traded down 0.01% during mid-day trading on Friday, hitting $155.26. The stock had a trading volume of 2,408,743 shares. The firm has a 50 day moving average price of $150.67 and a 200-day moving average price of $133.70. The stock has a market cap of $126.55 billion, a P/E ratio of 27.41 and a beta of 0.70. McDonald’s Corporation has a 12 month low of $110.33 and a 12 month high of $156.75.

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 19th. Investors of record on Monday, June 5th were given a dividend of $0.94 per share. This represents a $3.76 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date was Thursday, June 1st. McDonald’s Corporation’s dividend payout ratio (DPR) is presently 66.43%.

In related news, VP James R. Sappington sold 13,912 shares of the firm’s stock in a transaction that occurred on Thursday, April 27th. The stock was sold at an average price of $141.39, for a total transaction of $1,967,017.68. Following the completion of the transaction, the vice president now owns 14,608 shares of the company’s stock, valued at approximately $2,065,425.12. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.24% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of MCD. Proficio Capital Partners LLC raised its position in McDonald’s Corporation by 87.8% in the first quarter. Proficio Capital Partners LLC now owns 740 shares of the fast-food giant’s stock worth $111,000 after buying an additional 346 shares during the period. Vigilant Capital Management LLC raised its position in McDonald’s Corporation by 9.4% in the first quarter. Vigilant Capital Management LLC now owns 977 shares of the fast-food giant’s stock worth $127,000 after buying an additional 84 shares during the period. Zions Bancorporation raised its position in McDonald’s Corporation by 0.6% in the fourth quarter. Zions Bancorporation now owns 1,069 shares of the fast-food giant’s stock worth $130,000 after buying an additional 6 shares during the period. Thomas J. Herzfeld Advisors Inc. bought a new position in McDonald’s Corporation during the fourth quarter worth $131,000. Finally, D Orazio & Associates Inc. raised its position in McDonald’s Corporation by 0.7% in the fourth quarter. D Orazio & Associates Inc. now owns 1,090 shares of the fast-food giant’s stock worth $133,000 after buying an additional 8 shares during the period. 67.60% of the stock is owned by institutional investors.

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About McDonald’s Corporation

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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Earnings History and Estimates for McDonald`s Corporation (NYSE:MCD)

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