Mcdonald’s Corp (MCD) Expected to Announce Earnings of $1.90 Per Share

Brokerages forecast that Mcdonald’s Corp (NYSE:MCD) will announce earnings of $1.90 per share for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have provided estimates for Mcdonald’s’ earnings. The highest EPS estimate is $1.94 and the lowest is $1.84. Mcdonald’s reported earnings per share of $1.71 during the same quarter last year, which would suggest a positive year-over-year growth rate of 11.1%. The company is expected to issue its next quarterly earnings report on Tuesday, January 29th.

According to Zacks, analysts expect that Mcdonald’s will report full-year earnings of $7.76 per share for the current year, with EPS estimates ranging from $7.69 to $7.80. For the next year, analysts anticipate that the business will report earnings of $8.28 per share, with EPS estimates ranging from $8.12 to $8.43. Zacks’ earnings per share averages are an average based on a survey of research analysts that cover Mcdonald’s.

Mcdonald’s (NYSE:MCD) last issued its earnings results on Tuesday, October 23rd. The fast-food giant reported $2.10 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.99 by $0.11. Mcdonald’s had a negative return on equity of 116.43% and a net margin of 24.56%. The business had revenue of $5.37 billion during the quarter, compared to analysts’ expectations of $5.28 billion. During the same quarter in the prior year, the firm earned $1.76 EPS. The business’s revenue for the quarter was down 6.7% compared to the same quarter last year.

A number of brokerages have issued reports on MCD. Zacks Investment Research cut Mcdonald’s from a “buy” rating to a “hold” rating in a report on Friday. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 price target on shares of Mcdonald’s in a research report on Tuesday. Morgan Stanley upgraded Mcdonald’s from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $173.00 to $210.00 in a research report on Thursday, November 29th. Piper Jaffray Companies upped their price target on Mcdonald’s to $194.00 and gave the company an “overweight” rating in a research report on Wednesday, November 28th. Finally, Wells Fargo & Co upped their price target on Mcdonald’s from $197.00 to $202.00 and gave the company an “outperform” rating in a research report on Wednesday, November 21st. Seven analysts have rated the stock with a hold rating and twenty-five have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $191.69.

Shares of MCD opened at $182.96 on Wednesday. Mcdonald’s has a 12-month low of $146.84 and a 12-month high of $190.88. The stock has a market capitalization of $142.97 billion, a price-to-earnings ratio of 24.43, a PEG ratio of 2.72 and a beta of 0.55.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be given a dividend of $1.16 per share. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. The ex-dividend date is Friday, November 30th. This represents a $4.64 annualized dividend and a dividend yield of 2.54%. Mcdonald’s’s dividend payout ratio is presently 69.67%.

In related news, insider Ian Frederick Borden sold 4,782 shares of the company’s stock in a transaction dated Thursday, October 25th. The stock was sold at an average price of $177.68, for a total transaction of $849,665.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Francesca A. Debiase sold 15,136 shares of the company’s stock in a transaction dated Wednesday, October 24th. The shares were sold at an average price of $176.17, for a total value of $2,666,509.12. Following the sale, the executive vice president now owns 17,306 shares in the company, valued at approximately $3,048,798.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 221,041 shares of company stock worth $38,839,407. 0.22% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. CSat Investment Advisory L.P. bought a new position in Mcdonald’s in the second quarter worth approximately $104,000. Quad Cities Investment Group LLC bought a new position in Mcdonald’s in the second quarter worth approximately $110,000. NuWave Investment Management LLC boosted its holdings in Mcdonald’s by 2,485.2% in the third quarter. NuWave Investment Management LLC now owns 698 shares of the fast-food giant’s stock worth $117,000 after acquiring an additional 671 shares in the last quarter. Truvestments Capital LLC bought a new position in Mcdonald’s in the third quarter worth approximately $122,000. Finally, Sound Income Strategies LLC boosted its holdings in Mcdonald’s by 69.2% in the third quarter. Sound Income Strategies LLC now owns 743 shares of the fast-food giant’s stock worth $124,000 after acquiring an additional 304 shares in the last quarter. Institutional investors own 67.22% of the company’s stock.

About Mcdonald’s

McDonald's Corporation operates and franchises McDonald's restaurants in the United States and internationally. Its restaurants offer various food products, soft drinks, coffee, and other beverages, as well as breakfast menu. As of December 31, 2017, the company operated 37,241 restaurants, including 34,108 franchised restaurants comprising 21,366 franchised to conventional franchisees, 6,945 licensed to developmental licensees, and 5,797 licensed to foreign affiliates; and 3,133 company-operated restaurants.

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