Arcos Dorados Holdings Inc. (ARCO) will issue a quarterly dividend of $0.06 on June 28

Arcos Dorados Holdings Inc. (NYSE:ARCO – Get Free Report) announced a quarterly dividend on Tuesday, March 12, reports the Wall Street Journal. Shareholders of record on Tuesday, June 25 will receive a dividend of 0.06 per share from the restaurant operator on Friday, June 28. This represents a dividend of $0.24 on an annualized basis and a dividend yield of 2.68%. The ex-dividend date is Tuesday, June 25.

Arcos Dorados has increased its dividend by an average of 57.5% per year over the last three years. Arcos Dorados has a dividend payout ratio of 24.0%, which means that the dividend is sufficiently covered by profits. Analysts expect Arcos Dorados to earn $1.01 per share next year, which means the company should still be able to cover its annual dividend of $0.24 with an expected future payout ratio of 23. 8%.

Arcos Dorados price performance

ARCO shares opened Friday at $8.97. The company has a 50-day simple moving average of $10.24 and a 200-day simple moving average of $11.31. The company has a market capitalization of $1.89 billion, a PE ratio of 11.07, a price-to-earnings growth ratio of 1.57 and a beta of 1.23. The company has a debt to equity ratio of 1.47, a current ratio of 0.66 and a quick ratio of 0.60. Arcos Dorados has a 1-year low of $8.59 and a 1-year high of $13.20.

Arcos Dorados (NYSE:ARCO – Get Free Report) last released its quarterly earnings data on Wednesday, May 15th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analyst estimates of $0.16 by ($0.02). The company had revenue of $1.10 billion for the quarter, compared to analyst expectations of $1.02 billion. Arcos Dorados achieved a net margin of 3.90% and a return on equity of 38.57%. The company’s revenues for this quarter increased by 11.0% compared to the same quarter last year. During the same period last year, the company saw an EPS of $0.18. Stock research analysts predict that Arcos Dorados will report earnings per share of 0.88 for the current financial year.

Analyst Upgrades and Downgrades

Regardless, on Friday, May 24, StockNews.com downgraded Arcos Dorados from “buy” to “hold.” One investment analyst has rated the company with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Arcos Dorados has a consensus rating of Moderate Buy and an average price target of $13.83.

Check out our latest research report on Arcos Dorados

Arcos Dorados company profile

(Get the free report)

Arcos Dorados Holdings Inc operates as a franchisee of McDonald’s restaurants. It has the exclusive right to own, operate and franchise 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, USA

Featured Stories

Get Arcos Dorados news and ratings every day – Enter your email address below to receive a daily concise summary of the latest news and analyst ratings for Arcos Dorados and related companies with MarketBeat.com’s FREE daily email newsletter.