McDonald’s (MCD) to Release Earnings on Tuesday

McDonald’s (NYSE:MCD) is set to release its earnings data before the market opens on Tuesday, April 30th. Analysts expect McDonald’s to post earnings of $2.71 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

McDonald’s (NYSE:MCD) last announced its earnings results on Monday, February 5th. The fast-food giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.83 by $0.12. The business had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $6.45 billion. McDonald’s had a net margin of 33.22% and a negative return on equity of 171.96%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.59 earnings per share. On average, analysts expect McDonald’s to post $12 EPS for the current fiscal year and $13 EPS for the next fiscal year.

McDonald’s Stock Performance

Shares of McDonald’s stock opened at $273.09 on Friday. McDonald’s has a one year low of $245.73 and a one year high of $302.39. The company has a market capitalization of $196.90 billion, a PE ratio of 23.60, a P/E/G ratio of 3.01 and a beta of 0.71. The company has a 50-day simple moving average of $281.68 and a two-hundred day simple moving average of $281.74.

McDonald’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were issued a dividend of $1.67 per share. The ex-dividend date was Thursday, February 29th. This represents a $6.68 annualized dividend and a dividend yield of 2.45%. McDonald’s’s dividend payout ratio (DPR) is currently 57.74%.

Analyst Ratings Changes

MCD has been the topic of several recent analyst reports. Bank of America upped their price objective on shares of McDonald’s from $291.00 to $341.00 and gave the company a “neutral” rating in a report on Monday, January 29th. UBS Group cut their price objective on shares of McDonald’s from $340.00 to $335.00 and set a “buy” rating on the stock in a report on Friday, April 5th. Truist Financial cut their price objective on shares of McDonald’s from $345.00 to $340.00 and set a “buy” rating on the stock in a report on Tuesday, February 6th. Evercore ISI restated an “outperform” rating and set a $330.00 price objective on shares of McDonald’s in a report on Wednesday, March 27th. Finally, Oppenheimer reiterated a “market perform” rating on shares of McDonald’s in a research report on Friday, January 5th. Nine investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, McDonald’s presently has an average rating of “Moderate Buy” and a consensus price target of $318.41.

Insider Activity

In other news, insider Joseph M. Erlinger sold 1,098 shares of the stock in a transaction that occurred on Tuesday, April 23rd. The stock was sold at an average price of $276.64, for a total transaction of $303,750.72. Following the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other McDonald’s news, insider Joseph M. Erlinger sold 1,099 shares of the firm’s stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $284.38, for a total value of $312,533.62. Following the transaction, the insider now owns 18,075 shares in the company, valued at approximately $5,140,168.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Joseph M. Erlinger sold 1,098 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $276.64, for a total value of $303,750.72. Following the completion of the transaction, the insider now owns 16,977 shares in the company, valued at approximately $4,696,517.28. The disclosure for this sale can be found here. Insiders own 0.23% of the company’s stock.

McDonald’s Company Profile

McDonald's Corporation operates and franchises restaurants under the McDonald's brand in the United States and internationally. It offers food and beverages, including hamburgers and cheeseburgers, various chicken sandwiches, fries, shakes, desserts, sundaes, cookies, pies, soft drinks, coffee, and other beverages; and full or limited breakfast, as well as sells various other products during limited-time promotions.