Mcdonald’s Corp (MCD) Expected to Announce Quarterly Sales of $5.25 Billion

Wall Street brokerages expect Mcdonald’s Corp (NYSE:MCD) to post sales of $5.25 billion for the current quarter, Zacks Investment Research reports. Eight analysts have made estimates for Mcdonald’s’ earnings, with estimates ranging from $5.11 billion to $5.38 billion. Mcdonald’s posted sales of $5.75 billion in the same quarter last year, which would suggest a negative year-over-year growth rate of 8.7%. The company is scheduled to report its next earnings report before the market opens on Tuesday, October 23rd.

According to Zacks, analysts expect that Mcdonald’s will report full-year sales of $20.93 billion for the current financial year, with estimates ranging from $20.62 billion to $21.14 billion. For the next fiscal year, analysts anticipate that the firm will report sales of $20.78 billion, with estimates ranging from $19.90 billion to $21.30 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that follow Mcdonald’s.

Mcdonald’s (NYSE:MCD) last posted its quarterly earnings data on Thursday, July 26th. The fast-food giant reported $1.99 earnings per share for the quarter, beating the Thomson Reuters’ 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 company had revenue of $5.35 billion during the quarter, compared to analyst estimates of $5.32 billion. During the same quarter last year, the firm posted $1.73 EPS. The business’s revenue for the quarter was down 11.5% on a year-over-year basis.

MCD has been the subject of several research reports. Royal Bank of Canada set a $175.00 price objective on shares of Mcdonald’s and gave the company a “buy” rating in a research report on Thursday, July 26th. Goldman Sachs Group restated a “buy” rating and set a $178.00 price objective on shares of Mcdonald’s in a research report on Tuesday, July 24th. Jefferies Financial Group reiterated a “buy” rating and issued a $200.00 target price on shares of Mcdonald’s in a report on Wednesday, July 11th. Cowen reiterated a “buy” rating and issued a $190.00 target price on shares of Mcdonald’s in a report on Friday, July 27th. Finally, Barclays reiterated a “buy” rating and issued a $194.00 target price on shares of Mcdonald’s in a report on Monday, August 20th. Seven analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $183.35.

NYSE:MCD opened at $167.49 on Friday. Mcdonald’s has a twelve month low of $146.84 and a twelve month high of $178.70. The company has a debt-to-equity ratio of -5.24, a current ratio of 1.47 and a quick ratio of 1.45. The stock has a market cap of $129.38 billion, a PE ratio of 25.19, a price-to-earnings-growth ratio of 2.48 and a beta of 0.66.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 17th. Investors of record on Monday, December 3rd will be issued a dividend of $1.16 per share. This is a boost from Mcdonald’s’s previous quarterly dividend of $1.01. This represents a $4.64 annualized dividend and a dividend yield of 2.77%. The ex-dividend date of this dividend is Friday, November 30th. Mcdonald’s’s dividend payout ratio (DPR) is currently 60.66%.

Hedge funds have recently bought and sold shares of the stock. Rainier Group Investment Advisory LLC acquired a new stake in shares of Mcdonald’s during the first quarter worth approximately $102,000. CSat Investment Advisory L.P. acquired a new stake in shares of Mcdonald’s during the second quarter worth approximately $104,000. CX Institutional acquired a new stake in shares of Mcdonald’s during the second quarter worth approximately $109,000. Quad Cities Investment Group LLC acquired a new stake in shares of Mcdonald’s during the second quarter worth approximately $110,000. Finally, Horan Capital Management acquired a new stake in shares of Mcdonald’s during the second quarter worth approximately $121,000. Institutional investors and hedge funds own 66.92% 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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