Brokerages expect Del Taco Restaurants Inc (NASDAQ:TACO) to post $0.18 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Del Taco Restaurants’ earnings, with the lowest EPS estimate coming in at $0.17 and the highest estimate coming in at $0.19. Del Taco Restaurants posted earnings per share of $0.15 during the same quarter last year, which would indicate a positive year-over-year growth rate of 20%. The business is expected to issue its next quarterly earnings results on Wednesday, March 13th.
According to Zacks, analysts expect that Del Taco Restaurants will report full year earnings of $0.56 per share for the current financial year, with EPS estimates ranging from $0.55 to $0.56. For the next fiscal year, analysts expect that the business will post earnings of $0.58 per share, with EPS estimates ranging from $0.55 to $0.62. Zacks’ EPS averages are an average based on a survey of sell-side research firms that follow Del Taco Restaurants.
Del Taco Restaurants (NASDAQ:TACO) last released its quarterly earnings results on Tuesday, October 16th. The restaurant operator reported $0.15 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.14 by $0.01. The business had revenue of $117.83 million during the quarter, compared to analyst estimates of $119.84 million. Del Taco Restaurants had a net margin of 9.81% and a return on equity of 4.93%. The company’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 earnings per share.
Several equities analysts recently commented on TACO shares. BidaskClub raised shares of Del Taco Restaurants from a “sell” rating to a “hold” rating in a research report on Thursday, August 23rd. Zacks Investment Research lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, September 6th. ValuEngine lowered shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Friday, September 14th. Maxim Group reaffirmed a “buy” rating and issued a $19.00 price objective on shares of Del Taco Restaurants in a research report on Wednesday, September 26th. Finally, BTIG Research lowered shares of Del Taco Restaurants from a “buy” rating to a “neutral” rating and set a $14.00 price objective for the company. in a research report on Wednesday, October 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the company. Del Taco Restaurants currently has an average rating of “Hold” and an average price target of $14.75.
A number of large investors have recently modified their holdings of TACO. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Del Taco Restaurants in the 2nd quarter worth approximately $285,000. First Trust Advisors LP increased its holdings in Del Taco Restaurants by 17.3% in the 2nd quarter. First Trust Advisors LP now owns 40,963 shares of the restaurant operator’s stock worth $581,000 after buying an additional 6,042 shares during the period. Rice Hall James & Associates LLC increased its holdings in Del Taco Restaurants by 66.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 172,698 shares of the restaurant operator’s stock worth $2,449,000 after buying an additional 69,168 shares during the period. Boston Partners increased its holdings in Del Taco Restaurants by 1.0% in the 2nd quarter. Boston Partners now owns 401,990 shares of the restaurant operator’s stock worth $5,700,000 after buying an additional 3,920 shares during the period. Finally, SG Americas Securities LLC acquired a new position in Del Taco Restaurants in the 2nd quarter worth approximately $111,000. Institutional investors own 82.19% of the company’s stock.
Shares of Del Taco Restaurants stock opened at $10.52 on Monday. The company has a market capitalization of $404.45 million, a P/E ratio of 20.23, a P/E/G ratio of 1.22 and a beta of 0.06. The company has a quick ratio of 0.24, a current ratio of 0.28 and a debt-to-equity ratio of 0.40. Del Taco Restaurants has a 52 week low of $9.45 and a 52 week high of $14.83.
About Del Taco Restaurants
Recommended Story: Technical Analysis of Stocks and What It Means
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Del Taco Restaurants Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Del Taco Restaurants and related companies with MarketBeat.com's FREE daily email newsletter.