$4.94 Billion in Sales Expected for McDonald's Co. (MCD) This Quarter

Equities research analysts expect McDonald's Co. (NYSE:MCD) to post sales of $4.94 billion for the current quarter, Zacks reports. Nine analysts have made estimates for McDonald's’ earnings, with the highest sales estimate coming in at $5.10 billion and the lowest estimate coming in at $4.78 billion. McDonald's posted sales of $5.68 billion in the same quarter last year, which would indicate a negative year-over-year growth rate of 13%. The firm is scheduled to announce its next quarterly earnings report before the market opens on Monday, April 30th.

On average, analysts expect that McDonald's will report full-year sales of $20.93 billion for the current year, with estimates ranging from $20.13 billion to $21.97 billion. For the next financial year, analysts expect that the company will post sales of $21.10 billion per share, with estimates ranging from $19.61 billion to $22.63 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover McDonald's.

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McDonald's (NYSE:MCD) last released its earnings results on Tuesday, January 30th. The fast-food giant reported $1.71 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.12. The firm had revenue of $5.34 billion during the quarter, compared to analyst estimates of $5.22 billion. McDonald's had a negative return on equity of 201.76% and a net margin of 22.75%. McDonald's’s revenue was down 11.4% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share.

A number of research analysts recently issued reports on the company. Stephens lowered McDonald's from an “overweight” rating to an “equal weight” rating in a report on Monday. Piper Jaffray set a $185.00 target price on McDonald's and gave the company a “buy” rating in a report on Tuesday, April 10th. Vetr upgraded McDonald's from a “hold” rating to a “buy” rating and set a $177.90 target price for the company in a report on Tuesday, April 10th. Zacks Investment Research lowered McDonald's from a “hold” rating to a “sell” rating in a report on Tuesday, April 3rd. Finally, Morgan Stanley decreased their target price on McDonald's from $184.00 to $169.00 and set a “neutral” rating for the company in a report on Monday, March 26th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and twenty-four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $183.40.

NYSE:MCD traded up $0.92 during midday trading on Friday, reaching $162.55. The company had a trading volume of 2,736,221 shares, compared to its average volume of 4,739,216. The firm has a market cap of $128,494.15, a PE ratio of 24.41, a price-to-earnings-growth ratio of 2.44 and a beta of 0.64. McDonald's has a 12-month low of $131.80 and a 12-month high of $178.70. The company has a current ratio of 1.84, a quick ratio of 1.82 and a debt-to-equity ratio of -9.04.

In other news, VP Catherine A. Hoovel sold 1,398 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $170.54, for a total transaction of $238,414.92. Following the sale, the vice president now owns 1,398 shares in the company, valued at $238,414.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Douglas M. Goare sold 34,575 shares of McDonald's stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $173.53, for a total value of $5,999,799.75. The disclosure for this sale can be found here. 0.24% of the stock is currently owned by insiders.

A number of hedge funds have recently modified their holdings of the stock. Green Square Capital LLC increased its position in McDonald's by 91.5% in the 4th quarter. Green Square Capital LLC now owns 4,721 shares of the fast-food giant’s stock valued at $813,000 after acquiring an additional 2,256 shares during the period. Cambridge Investment Research Advisors Inc. increased its position in McDonald's by 1.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 94,133 shares of the fast-food giant’s stock valued at $16,202,000 after acquiring an additional 1,418 shares during the period. Certified Advisory Corp acquired a new position in McDonald's in the 4th quarter valued at about $121,000. Ackerman Capital Advisors LLC acquired a new position in McDonald's in the 4th quarter valued at about $521,000. Finally, D.B. Root & Company LLC acquired a new position in McDonald's in the 4th quarter valued at about $1,036,000. Hedge funds and other institutional investors own 68.49% of the company’s stock.

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About McDonald's

McDonald’s Corporation (McDonald’s) operates and franchises McDonald’s restaurants. The Company’s restaurants serve a locally relevant menu of food and drinks sold at various price points in over 100 countries. The Company’s segments include U.S., International Lead Markets, High Growth Markets, and Foundational Markets and Corporate.

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Earnings History and Estimates for McDonald's (NYSE:MCD)

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