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.