$1.68 Earnings Per Share Expected for McDonald's Co. (MCD) This Quarter

Brokerages expect McDonald's Co. (NYSE:MCD) to post earnings per share (EPS) of $1.68 for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for McDonald's’ earnings, with the highest EPS estimate coming in at $1.75 and the lowest estimate coming in at $1.61. McDonald's reported earnings per share of $1.47 during the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The firm is expected to announce its next earnings report on Tuesday, April 24th.

According to Zacks, analysts expect that McDonald's will report full-year earnings of $7.65 per share for the current financial year, with EPS estimates ranging from $7.45 to $7.95. For the next year, analysts expect that the company will post earnings of $8.31 per share, with EPS estimates ranging from $8.05 to $8.67. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for McDonald's.

McDonald's (NYSE:MCD) last announced its quarterly earnings data on Tuesday, January 30th. The fast-food giant reported $1.71 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The business had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The firm’s revenue for the quarter was down 11.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.44 earnings per share.

A number of brokerages have recently commented on MCD. Bank of America set a $200.00 price objective on shares of McDonald's and gave the company a “buy” rating in a research report on Monday, January 29th. Nomura reaffirmed a “buy” rating and set a $198.00 price objective (up previously from $190.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Credit Suisse Group reaffirmed an “outperform” rating and set a $191.00 price objective (up previously from $185.00) on shares of McDonald's in a research report on Tuesday, January 23rd. Zacks Investment Research raised shares of McDonald's from a “hold” rating to a “buy” rating and set a $196.00 price objective for the company in a research report on Thursday, January 18th. Finally, Goldman Sachs Group set a $200.00 price target on shares of McDonald's and gave the stock a “buy” rating in a research report on Friday, January 19th. Nine research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $184.95.

In other news, insider Douglas M. Goare sold 34,575 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total transaction of $5,999,799.75. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now directly owns 1,398 shares in the company, valued at $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vantage Financial Partners Ltd. Inc. bought a new stake in shares of McDonald's during the second quarter valued at approximately $322,000. Pinnacle Wealth Planning Services Inc. acquired a new position in McDonald's in the fourth quarter valued at approximately $109,000. Tarbox Family Office Inc. lifted its holdings in McDonald's by 105.8% in the fourth quarter. Tarbox Family Office Inc. now owns 638 shares of the fast-food giant’s stock valued at $110,000 after buying an additional 328 shares during the period. Horan Capital Management acquired a new position in McDonald's in the fourth quarter valued at approximately $110,000. Finally, Horan Capital Advisors LLC. acquired a new position in McDonald's in the third quarter valued at approximately $104,000. 67.23% of the stock is currently owned by institutional investors and hedge funds.

McDonald's (NYSE MCD) opened at $157.79 on Tuesday. The company has a market cap of $125,787.91, a PE ratio of 24.81, a PEG ratio of 2.29 and a beta of 0.59. The company has a current ratio of 1.28, a quick ratio of 1.27 and a debt-to-equity ratio of -8.17. McDonald's has a 52-week low of $126.40 and a 52-week high of $178.70.

The company also recently disclosed 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 is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.56%. McDonald's’s dividend payout ratio is 63.52%.

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McDonald's Company Profile

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 (NYSE:MCD)

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