Equities research analysts expect McDonald's Co. (NYSE:MCD) to announce $4.96 billion in sales for the current fiscal quarter, Zacks reports. Nine analysts have made estimates for McDonald's’ earnings, with the highest sales estimate coming in at $5.10 billion and the lowest estimate coming in at $4.78 billion. McDonald's reported sales of $5.68 billion during the same quarter last year, which would suggest a negative year-over-year growth rate of 12.7%. The company is scheduled to announce its next earnings report on Tuesday, April 24th.
On average, analysts expect that McDonald's will report full-year sales of $4.96 billion for the current fiscal year, with estimates ranging from $20.13 billion to $21.97 billion. For the next financial year, analysts expect that the company will post sales of $21.21 billion per share, with estimates ranging from $19.71 billion to $22.63 billion. Zacks’ sales calculations are a mean average based on a survey of research firms that follow McDonald's.
McDonald's (NYSE:MCD) last posted its earnings results 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. McDonald's had a net margin of 22.75% and a negative return on equity of 217.17%. The company had revenue of $5.34 billion for the quarter, compared to analysts’ expectations of $5.22 billion. During the same quarter in the prior year, the company posted $1.44 earnings per share. McDonald's’s revenue for the quarter was down 11.4% compared to the same quarter last year.
McDonald's (NYSE MCD) opened at $158.64 on Thursday. McDonald's has a 1 year low of $126.40 and a 1 year high of $178.70. The company has a debt-to-equity ratio of -8.17, a current ratio of 1.28 and a quick ratio of 1.27. The company has a market cap of $125,285.70, a PE ratio of 23.56, a price-to-earnings-growth ratio of 2.28 and a beta of 0.59.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be issued a $1.01 dividend. The ex-dividend date is Wednesday, February 28th. This represents a $4.04 annualized dividend and a yield of 2.55%. McDonald's’s dividend payout ratio (DPR) is 63.52%.
In related news, insider Douglas M. Goare sold 34,575 shares of the firm’s stock in a transaction that occurred on Wednesday, January 31st. The shares were sold at an average price of $173.53, for a total value of $5,999,799.75. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, VP Catherine A. Hoovel sold 1,398 shares of the firm’s 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 completion of the sale, the vice president now directly owns 1,398 shares in the company, valued at approximately $238,414.92. The disclosure for this sale can be found here. 0.24% of the stock is owned by company insiders.
A number of large investors have recently modified their holdings of the stock. Horan Capital Advisors LLC. purchased a new position in McDonald's in the third quarter valued at approximately $104,000. Phocas Financial Corp. purchased a new position in McDonald's in the second quarter valued at approximately $107,000. Pinnacle Wealth Planning Services Inc. purchased a new position in McDonald's in the fourth quarter valued at approximately $109,000. Tarbox Family Office Inc. increased its stake 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 purchasing an additional 328 shares during the last quarter. Finally, Horan Capital Management purchased a new position in McDonald's in the fourth quarter valued at approximately $110,000. 67.23% of the stock is currently owned by hedge funds and other 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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