Arcos Dorados (ARCO) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

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Arcos Dorados (NYSE:ARCO) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.06 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by ($0.04), MarketWatch Earnings reports. Arcos Dorados had a net margin of 1.20% and a return on equity of 8.87%. The business had revenue of $731.00 million for the quarter.

Arcos Dorados stock traded down $0.01 during midday trading on Thursday, hitting $6.44. The stock had a trading volume of 100 shares, compared to its average volume of 437,456. The company has a current ratio of 0.94, a quick ratio of 0.85 and a debt-to-equity ratio of 1.59. Arcos Dorados has a 52-week low of $6.05 and a 52-week high of $9.22. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 35.67 and a beta of 0.99.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 14th. Investors of record on Friday, August 9th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend is Thursday, August 8th. Arcos Dorados’s dividend payout ratio is 111.11%.

A number of institutional investors and hedge funds have recently made changes to their positions in ARCO. Lindbrook Capital LLC purchased a new stake in Arcos Dorados during the 4th quarter valued at approximately $47,000. Henry James International Management Inc. purchased a new stake in Arcos Dorados during the 4th quarter valued at approximately $80,000. Quantamental Technologies LLC purchased a new stake in Arcos Dorados during the 1st quarter valued at approximately $85,000. Bank of America Corp DE grew its holdings in Arcos Dorados by 56.1% during the 4th quarter. Bank of America Corp DE now owns 13,893 shares of the restaurant operator’s stock valued at $110,000 after buying an additional 4,993 shares in the last quarter. Finally, Barclays PLC grew its holdings in Arcos Dorados by 536.0% during the 4th quarter. Barclays PLC now owns 15,900 shares of the restaurant operator’s stock valued at $126,000 after buying an additional 13,400 shares in the last quarter. 40.29% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on the stock. Bank of America reissued an “underperform” rating on shares of Arcos Dorados in a report on Tuesday, January 22nd. TheStreet lowered shares of Arcos Dorados from a “b-” rating to a “c” rating in a report on Tuesday, April 30th.

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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, Curaçao, 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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