McDonald’s (MCD) Posts Quarterly Earnings, Hits Estimates
McDonald’s (MCD) released its earnings data on Friday. The company reported $1.23 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.23. The company’s quarterly revenue was up 7.1% on a year-over-year basis.
A number of research firms have also recently commented on MCD. Analysts at JPMorgan Chase (NYSE: JPM) cut their price target on shares of McDonald’s from $106.00 to $96.00 in a research note to investors on Friday. On the ratings front, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of McDonald’s in a research note to investors on Friday. They now have a $100.00 price target on the stock, down previously from $105.00. Finally, analysts at UBS AG (NYSE: UBS) reiterated a “buy” rating on shares of McDonald’s in a research note to investors on Friday, May 18th.
Shares of McDonald’s (MCD) traded down 2.94% during mid-day trading on Friday, hitting $86.71. McDonald’s (MCD) has a one year low of $80.00 and a one year high of $102.22. The company has a market cap of $88.119 billion and a P/E ratio of 16.69.
McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.