McDonald’s (MCD) Announces Quarterly Results
McDonald’s (MCD) issued its quarterly earnings data on Friday. The company reported $1.23 earnings per share for the quarter, meeting the analysts’ consensus estimate of $1.23. McDonald’s's revenue was up 7.1% compared to the same quarter last year.
MCD has been the subject of a number of recent research reports. 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. On a related note, analysts at Credit Suisse cut their price target on shares of McDonald’s to $104.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Finally, analysts at Credit Agricole upgraded shares of McDonald’s from an “outperform” rating to a “buy” rating in a research note to investors on Monday. They now have a $105.00 price target on the stock.
McDonald’s (MCD) traded up 1.06% on Tuesday, hitting $87.51. McDonald’s (MCD) has a 52-week low of $80.90 and a 52-week high of $102.22. The company has a market cap of $88.932 billion and a price-to-earnings ratio of 16.18.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.