Arcos Dorados Holdings Inc. (NYSE:ARCO) Scheduled to Post Earnings on Wednesday
Arcos Dorados Holdings Inc. (NYSE:ARCO) will release its earnings data before the market opens on Wednesday, August 9th.
Shares of Arcos Dorados Holdings Inc. (ARCO) opened at 9.15 on Monday. Arcos Dorados Holdings Inc. has a 12 month low of $4.56 and a 12 month high of $9.52. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 19.06 and a beta of 2.16. The company has a 50-day moving average price of $8.10 and a 200-day moving average price of $7.60.
Several brokerages have recently issued reports on ARCO. Zacks Investment Research lowered shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 4th. BidaskClub raised shares of Arcos Dorados Holdings from a “hold” rating to a “buy” rating in a research report on Wednesday, July 12th. ValuEngine lowered shares of Arcos Dorados Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. Finally, Bank of America Corporation raised shares of Arcos Dorados Holdings from an “underperform” rating to a “buy” rating and increased their price objective for the stock from $8.00 to $10.00 in a research report on Tuesday, April 11th. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $8.83.
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Arcos Dorados Holdings Company Profile
Arcos Dorados Holdings Inc is a McDonald’s franchisee. The Company operates or franchises over 2,140 McDonald’s-branded restaurants. It divides its operations into four geographical divisions: Brazil; the Caribbean division, consisting of Aruba, Colombia, Curacao, French Guiana, Guadeloupe, Martinique, Puerto Rico, Trinidad and Tobago, the United States Virgin Islands of Saint Croix and Saint Thomas, and Venezuela; the North Latin America division (NOLAD), consisting of Costa Rica, Mexico and Panama, and the South Latin America division (SLAD), consisting of Argentina, Chile, Ecuador, Peru and Uruguay.
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