McDonald’s (MCD) Posts Quarterly Earnings Results, Hits Estimates

McDonald’s (MCD) posted its quarterly earnings results 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.

Several analysts have also recently commented on the stock. 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, June 13rd. They now have a $92.00 price target on the stock. On a related note, 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 down 1.06% on Wednesday, hitting $88.65. McDonald’s (MCD) has a 1-year low of $81.40 and a 1-year high of $102.22. The company has a market cap of $90.090 billion and a price-to-earnings ratio of 16.74.

McDonald’s Corporation franchises and operates McDonald’s restaurants in the global restaurant industry.

Stay ahead of the market with Analyst Ratings Network's daily email update that provides a summary of analysts' upgrades, downgrades and new coverage. Click here to register now.

Posted by Web Inquirer Staff on 21 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.