Analysts forecast that McDonald’s Corporation (NYSE:MCD) will announce earnings per share (EPS) of $1.58 for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for McDonald’s Corporation’s earnings, with the highest EPS estimate coming in at $1.64 and the lowest estimate coming in at $1.51. McDonald’s Corporation posted earnings of $1.44 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 9.7%. The business is expected to report its next quarterly earnings results on Monday, January 22nd.

On average, analysts expect that McDonald’s Corporation will report full-year earnings of $6.52 per share for the current year, with EPS estimates ranging from $6.45 to $6.60. For the next financial year, analysts expect that the business will report earnings of $6.94 per share, with EPS estimates ranging from $6.67 to $7.10. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for McDonald’s Corporation.

McDonald’s Corporation (NYSE:MCD) last released its quarterly earnings results on Tuesday, October 24th. The fast-food giant reported $1.76 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.75 by $0.01. The business had revenue of $5.75 billion during the quarter, compared to analyst estimates of $5.75 billion. McDonald’s Corporation had a net margin of 24.19% and a negative return on equity of 216.45%. The business’s revenue was down 10.4% on a year-over-year basis. During the same period last year, the business earned $1.62 EPS.

A number of equities research analysts recently weighed in on the stock. Longbow Research reaffirmed a “neutral” rating on shares of McDonald’s Corporation in a report on Saturday, July 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $140.00 price target on shares of McDonald’s Corporation in a report on Wednesday, July 19th. Bank of America Corporation reiterated a “buy” rating and set a $175.00 price objective on shares of McDonald’s Corporation in a research note on Monday, August 14th. Barclays PLC set a $164.00 price objective on shares of McDonald’s Corporation and gave the company a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded shares of McDonald’s Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 25th. Eleven investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $169.96.

McDonald’s Corporation (NYSE:MCD) traded down $1.41 on Wednesday, reaching $165.59. 4,226,200 shares of the company were exchanged, compared to its average volume of 3,513,788. The firm has a market cap of $133,130.00, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.73 and a beta of 0.67. McDonald’s Corporation has a 1-year low of $114.17 and a 1-year high of $170.92. The company has a debt-to-equity ratio of -8.17, a quick ratio of 1.27 and a current ratio of 1.28.

The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Friday, December 1st will be issued a dividend of $1.01 per share. This is a boost from McDonald’s Corporation’s previous quarterly dividend of $0.94. This represents a $4.04 annualized dividend and a dividend yield of 2.44%. The ex-dividend date is Thursday, November 30th. McDonald’s Corporation’s dividend payout ratio (DPR) is currently 54.26%.

COPYRIGHT VIOLATION NOTICE: “Analysts Expect McDonald’s Corporation (MCD) to Post $1.58 Earnings Per Share” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/analysts-expect-mcdonalds-corporation-mcd-to-post-1-58-earnings-per-share/1696275.html.

In other McDonald’s Corporation news, EVP David Ogden Fairhurst sold 4,782 shares of McDonald’s Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $157.05, for a total value of $751,013.10. Following the completion of the sale, the executive vice president now directly owns 6,954 shares in the company, valued at $1,092,125.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP James R. Sappington sold 8,046 shares of McDonald’s Corporation stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $165.00, for a total transaction of $1,327,590.00. Following the completion of the sale, the vice president now owns 15,739 shares of the company’s stock, valued at $2,596,935. The disclosure for this sale can be found here. 0.24% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Proficio Capital Partners LLC lifted its stake in McDonald’s Corporation by 0.7% in the second quarter. Proficio Capital Partners LLC now owns 745 shares of the fast-food giant’s stock valued at $117,000 after acquiring an additional 5 shares during the last quarter. AlphaMark Advisors LLC lifted its stake in McDonald’s Corporation by 0.4% in the second quarter. AlphaMark Advisors LLC now owns 1,288 shares of the fast-food giant’s stock valued at $197,000 after acquiring an additional 5 shares during the last quarter. Highland Private Wealth Management raised its position in shares of McDonald’s Corporation by 0.3% in the second quarter. Highland Private Wealth Management now owns 2,182 shares of the fast-food giant’s stock valued at $335,000 after purchasing an additional 6 shares during the period. Winch Advisory Services LLC raised its position in shares of McDonald’s Corporation by 0.4% in the second quarter. Winch Advisory Services LLC now owns 1,598 shares of the fast-food giant’s stock valued at $245,000 after purchasing an additional 7 shares during the period. Finally, Valmark Advisers Inc. raised its position in shares of McDonald’s Corporation by 0.3% in the second quarter. Valmark Advisers Inc. now owns 2,381 shares of the fast-food giant’s stock valued at $365,000 after purchasing an additional 8 shares during the period. Hedge funds and other institutional investors own 68.03% of the company’s stock.

About McDonald’s Corporation

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.

Get a free copy of the Zacks research report on McDonald’s Corporation (MCD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for McDonald's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for McDonald's Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.