McDonald’s (MCD) Announces Quarterly Earnings Results, Hits Estimates

McDonald’s (MCD) posted its quarterly earnings results on Friday. The company reported $1.23 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.23. The company’s revenue for the quarter was up 7.1% on a year-over-year basis.

A number of research firms have also recently commented on MCD. Analysts at Zacks reiterated a “neutral” rating on shares of McDonald’s in a research note to investors on Tuesday, May 1st. They now have a $102.00 price target on the stock. On the ratings front, analysts at Argus downgraded shares of McDonald’s from a “buy” rating to a “hold” rating in a research note to investors on Wednesday, April 25th. Finally, analysts at Jefferies Group (NYSE: JEF) raised their price target on shares of McDonald’s from $95.00 to $99.00 in a research note to investors on Monday, April 23rd. They now have a “hold” rating on the stock.

McDonald’s (MCD) traded down 1.73% on Wednesday, hitting $91.93. McDonald’s (MCD) has a 1-year low of $79.11 and a 1-year high of $102.22. The company has a market cap of $93.636 billion and a price-to-earnings ratio of 17.48.

McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.

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Posted by Web Inquirer Staff on 9 May 2012. Filed under Markets. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.