$5.28 Billion in Sales Expected for Mcdonald’s Corp (MCD) This Quarter

Wall Street analysts expect Mcdonald’s Corp (NYSE:MCD) to announce sales of $5.28 billion for the current quarter, according to Zacks. Eight analysts have made estimates for Mcdonald’s’ earnings. The highest sales estimate is $5.39 billion and the lowest is $5.11 billion. Mcdonald’s reported sales of $5.75 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.2%. The business is expected to announce its next quarterly earnings report on Tuesday, October 23rd.

On average, analysts expect that Mcdonald’s will report full-year sales of $20.98 billion for the current fiscal year, with estimates ranging from $20.62 billion to $21.31 billion. For the next fiscal year, analysts forecast that the company will report sales of $20.96 billion per share, with estimates ranging from $19.90 billion to $21.86 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Mcdonald’s.

Mcdonald’s (NYSE:MCD) last issued its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.07. Mcdonald’s had a net margin of 25.26% and a negative return on equity of 133.89%. The business had revenue of $5.35 billion during the quarter, compared to analysts’ expectations of $5.32 billion. During the same period last year, the company posted $1.73 EPS. The company’s revenue was down 11.5% on a year-over-year basis.

MCD has been the subject of a number of recent research reports. Royal Bank of Canada set a $175.00 price objective on shares of Mcdonald’s and gave the stock a “buy” rating in a research note on Friday, September 14th. Wells Fargo & Co raised their price objective on shares of Mcdonald’s from $180.00 to $185.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 8th. Goldman Sachs Group reissued a “buy” rating and set a $179.00 price objective on shares of Mcdonald’s in a research note on Monday, July 30th. Jefferies Financial Group restated a “buy” rating and set a $190.00 target price on shares of Mcdonald’s in a research report on Friday, July 27th. Finally, Citigroup decreased their target price on shares of Mcdonald’s from $178.00 to $171.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 15th. Nine research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $182.03.

Shares of MCD traded up $4.51 during mid-day trading on Friday, reaching $165.30. 8,805,000 shares of the company’s stock were exchanged, compared to its average volume of 4,066,408. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. Mcdonald’s has a 52-week low of $146.84 and a 52-week high of $178.70. The stock has a market cap of $123.49 billion, a price-to-earnings ratio of 24.62, a price-to-earnings-growth ratio of 2.37 and a beta of 0.66.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Shareholders of record on Monday, December 3rd will be issued a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend is Friday, November 30th. This is a positive change from Mcdonald’s’s previous quarterly dividend of $1.01. Mcdonald’s’s dividend payout ratio (DPR) is 60.66%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in shares of Mcdonald’s by 5.5% in the 2nd quarter. FMR LLC now owns 19,483,955 shares of the fast-food giant’s stock valued at $3,052,941,000 after purchasing an additional 1,014,792 shares during the last quarter. Fundsmith Equity Fund L.P. acquired a new position in shares of Mcdonald’s during the 2nd quarter valued at $1,191,239,000. Janus Henderson Group PLC lifted its holdings in shares of Mcdonald’s by 5.4% during the 2nd quarter. Janus Henderson Group PLC now owns 8,107,972 shares of the fast-food giant’s stock valued at $1,270,446,000 after acquiring an additional 412,750 shares in the last quarter. Magellan Asset Management Ltd lifted its holdings in shares of Mcdonald’s by 0.4% during the 2nd quarter. Magellan Asset Management Ltd now owns 5,955,794 shares of the fast-food giant’s stock valued at $933,213,000 after acquiring an additional 20,873 shares in the last quarter. Finally, Morgan Stanley lifted its holdings in shares of Mcdonald’s by 9.6% during the 2nd quarter. Morgan Stanley now owns 5,947,311 shares of the fast-food giant’s stock valued at $931,884,000 after acquiring an additional 522,333 shares in the last quarter. Institutional investors own 66.94% of the company’s stock.

Mcdonald’s Company Profile

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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Earnings History and Estimates for Mcdonald`s (NYSE:MCD)

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