Arcos Dorados (NYSE:ARCO) Posts Earnings Results, Beats Expectations By $0.06 EPS

Arcos Dorados (NYSE:ARCO) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.06, Zacks reports. The business had revenue of $1.14 billion for the quarter, compared to the consensus estimate of $1.15 billion. Arcos Dorados had a net margin of 3.25% and a return on equity of 29.74%.

Arcos Dorados Price Performance

Arcos Dorados stock opened at $8.24 on Thursday. The company’s 50 day simple moving average is $7.77 and its 200-day simple moving average is $8.28. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 11.76 and a beta of 1.09. Arcos Dorados has a 1 year low of $7.02 and a 1 year high of $11.92. The company has a debt-to-equity ratio of 1.40, a quick ratio of 0.57 and a current ratio of 0.63.

About Arcos Dorados

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate, and grant franchises of McDonald’s restaurants in 20 countries and territories in Latin America and the Caribbean, including Argentina, Aruba, Brazil, Chile, Colombia, Costa Rica, Curacao, Ecuador, French Guiana, Guadeloupe, Martinique, Mexico, Panama, Peru, Puerto Rico, Trinidad and Tobago, Uruguay, the U.S.