Arcos Dorados Holdings Inc. (ARCO) To Go Ex-Dividend on September 21st

Arcos Dorados Holdings Inc. (NYSE:ARCO) announced a quarterly dividend on Wednesday, March 18th. Investors of record on Monday, September 21st will be paid a dividend of 0.07 per share by the restaurant operator on Friday, September 25th. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, September 21st.

Arcos Dorados has raised its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Arcos Dorados has a payout ratio of 30.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Arcos Dorados to earn $0.73 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 32.9%.

Arcos Dorados Trading Down 0.2%

Shares of ARCO opened at $7.68 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.81 and a debt-to-equity ratio of 1.32. Arcos Dorados has a fifty-two week low of $6.51 and a fifty-two week high of $8.98. The firm has a 50-day simple moving average of $8.16 and a 200-day simple moving average of $7.51.

Arcos Dorados (NYSE:ARCO) last issued its quarterly earnings results on Thursday, March 19th. The restaurant operator reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.20 by ($0.08). The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.26 billion. Arcos Dorados had a return on equity of 20.42% and a net margin of 5.39%.Arcos Dorados’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. Equities analysts forecast that Arcos Dorados will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently commented on ARCO. Zacks Research upgraded shares of Arcos Dorados from a “strong sell” rating to a “hold” rating in a research report on Friday, November 21st. Weiss Ratings reiterated a “hold (c-)” rating on shares of Arcos Dorados in a research report on Monday, December 29th. Three analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $8.70.

Arcos Dorados Company Profile

Arcos Dorados Holdings Inc is the largest independent McDonald’s franchisee in the world, operating under an exclusive license agreement with McDonald’s Corporation. The company develops, owns and operates quick-service restaurants, offering the full McDonald’s menu, including hamburgers, chicken sandwiches, salads, sides, desserts and McCafé beverages. In addition to restaurant operations, Arcos Dorados manages supply chain logistics, property development, training and support services for its franchise network.

Headquartered in Montevideo, Uruguay, Arcos Dorados serves 20 markets across Latin America and the Caribbean, including Argentina, Brazil, Chile, Colombia, Mexico, Puerto Rico and Uruguay.