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.

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Posted by Web Inquirer Staff on 16 Jun 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.