$0.14 Earnings Per Share Expected for Del Taco Restaurants Inc (TACO) This Quarter

Wall Street brokerages expect that Del Taco Restaurants Inc (NASDAQ:TACO) will announce earnings per share (EPS) of $0.14 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Del Taco Restaurants’ earnings. The lowest EPS estimate is $0.13 and the highest is $0.15. Del Taco Restaurants reported earnings of $0.13 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 7.7%. The firm is scheduled to announce its next earnings results on Thursday, October 18th.

According to Zacks, analysts expect that Del Taco Restaurants will report full-year earnings of $0.60 per share for the current fiscal year, with EPS estimates ranging from $0.58 to $0.60. For the next year, analysts expect that the company will report earnings of $0.65 per share, with EPS estimates ranging from $0.62 to $0.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last announced its quarterly earnings data on Thursday, July 26th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $117.81 million during the quarter, compared to analysts’ expectations of $116.97 million. Del Taco Restaurants had a return on equity of 4.84% and a net margin of 9.79%. The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 earnings per share.

A number of research firms have commented on TACO. BidaskClub raised Del Taco Restaurants from a “sell” rating to a “hold” rating in a report on Thursday, August 23rd. ValuEngine raised Del Taco Restaurants from a “hold” rating to a “buy” rating in a report on Thursday, July 19th. Zacks Investment Research lowered Del Taco Restaurants from a “hold” rating to a “sell” rating in a report on Thursday, September 6th. Dougherty & Co lifted their target price on Del Taco Restaurants from $16.50 to $18.50 and gave the stock a “buy” rating in a report on Friday, July 6th. Finally, TheStreet raised Del Taco Restaurants from a “c+” rating to a “b-” rating in a report on Wednesday, July 18th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $16.06.

In related news, CEO John D. Jr. Cappasola sold 7,500 shares of Del Taco Restaurants stock in a transaction on Monday, July 2nd. The stock was sold at an average price of $13.98, for a total value of $104,850.00. Following the completion of the sale, the chief executive officer now owns 506,031 shares of the company’s stock, valued at $7,074,313.38. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 14.60% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners grew its holdings in Del Taco Restaurants by 1.0% during the second quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock valued at $5,700,000 after purchasing an additional 3,920 shares during the period. Prudential Financial Inc. lifted its position in shares of Del Taco Restaurants by 97.1% in the first quarter. Prudential Financial Inc. now owns 186,560 shares of the restaurant operator’s stock valued at $1,933,000 after acquiring an additional 91,900 shares in the last quarter. Emerald Advisers Inc. PA purchased a new position in shares of Del Taco Restaurants in the second quarter valued at about $3,344,000. Dimensional Fund Advisors LP lifted its position in shares of Del Taco Restaurants by 9.6% in the first quarter. Dimensional Fund Advisors LP now owns 3,028,759 shares of the restaurant operator’s stock valued at $31,378,000 after acquiring an additional 264,462 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in shares of Del Taco Restaurants in the first quarter valued at about $280,000. 77.68% of the stock is owned by institutional investors.

Shares of Del Taco Restaurants stock traded down $0.21 on Thursday, reaching $11.85. The company’s stock had a trading volume of 227,699 shares, compared to its average volume of 162,602. The firm has a market cap of $466.49 million, a price-to-earnings ratio of 24.36, a PEG ratio of 1.28 and a beta of -0.09. Del Taco Restaurants has a 52 week low of $10.00 and a 52 week high of $15.99. The company has a current ratio of 0.39, a quick ratio of 0.34 and a debt-to-equity ratio of 0.40.

Del Taco Restaurants Company Profile

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of January 2, 2018, it operated 312 company-operated and 252 franchise-operated Del Taco restaurants located in 14 states, including 1 franchise-operated unit in Guam.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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