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.