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%.
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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