Portillo’s (PTLO) Scheduled to Post Quarterly Earnings on Tuesday

Portillo’s (NASDAQ:PTLO) is scheduled to issue its quarterly earnings data before the market opens on Tuesday, May 7th. Analysts expect the company to announce earnings of $0.06 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.08. Portillo’s had a return on equity of 4.79% and a net margin of 2.71%. The company had revenue of $187.86 million for the quarter, compared to analysts’ expectations of $184.95 million. During the same period last year, the firm earned $0.08 EPS. The firm’s revenue for the quarter was up 24.5% on a year-over-year basis. On average, analysts expect Portillo’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Portillo’s Trading Down 0.2 %

Shares of PTLO stock opened at $11.92 on Monday. The stock has a 50-day simple moving average of $13.21 and a 200 day simple moving average of $14.30. The stock has a market capitalization of $869.80 million, a P/E ratio of 38.45, a P/E/G ratio of 1.56 and a beta of 1.86. Portillo’s has a fifty-two week low of $11.53 and a fifty-two week high of $23.99. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on PTLO shares. Stephens assumed coverage on Portillo’s in a research report on Friday, April 12th. They set an “overweight” rating and a $20.00 price objective for the company. Morgan Stanley reduced their target price on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating for the company in a report on Friday, April 12th.

Portillo’s Company Profile

Portillo's Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.