McDonald’s (MCD) Announces Quarterly Earnings Results, Meets Expectations
McDonald’s (MCD) issued its quarterly earnings data 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.
MCD has been the subject of a number of recent research reports. Analysts at Goldman Sachs downgraded shares of McDonald’s from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $92.00 price target on the stock. On the ratings front, analysts at UBS AG cut their EPS estimates on shares of McDonald’s in a research note on Monday. They now have a “buy” rating and a $104.00 price target on the stock. Finally, analysts at Credit Suisse cut their price target on shares of McDonald’s to $104.00 in a research note to investors on Monday, June 11st. They now have an “outperform” rating on the stock.
McDonald’s (MCD) traded up 0.87% on Friday, hitting $90.50. McDonald’s (MCD) has a 52-week low of $81.40 and a 52-week high of $102.22. The company has a market cap of $91.970 billion and a price-to-earnings ratio of 16.76.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.