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.

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Posted by Web Inquirer Staff on 13 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.