Portillo’s (PTLO) Set to Announce Earnings on Tuesday

Portillo’s (NASDAQ:PTLO) is set to post its quarterly earnings results before the market opens on Tuesday, November 5th. Analysts expect Portillo’s to post earnings of $0.07 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last issued its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.01). The firm had revenue of $181.86 million for the quarter, compared to the consensus estimate of $184.44 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period last year, the firm earned $0.12 EPS. On average, analysts expect Portillo’s to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Portillo’s Price Performance

Shares of Portillo’s stock opened at $13.88 on Monday. The firm has a market capitalization of $1.01 billion, a PE ratio of 36.53, a price-to-earnings-growth ratio of 16.81 and a beta of 1.78. The company has a current ratio of 0.38, a quick ratio of 0.30 and a debt-to-equity ratio of 0.60. Portillo’s has a 12 month low of $8.66 and a 12 month high of $16.98. The business’s 50-day moving average price is $12.68 and its 200-day moving average price is $11.21.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on PTLO shares. Morgan Stanley lowered their price objective on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a report on Tuesday, July 16th. Bank of America lowered their price target on shares of Portillo’s from $20.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, July 17th. Stephens cut Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price objective on the stock. in a research note on Monday, October 7th. Finally, Stifel Nicolaus lowered their target price on Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.86.

About Portillo’s

Portillo’s Inc owns and operates fast casual restaurants in the United States. The company offers Chicago-style hot dogs and sausages, Italian beef sandwiches, char-grilled burgers, chopped salads, crinkle-cut French fries, homemade chocolate cakes, and chocolate cake shake. It offers its products through its website, application, and certain third-party platforms.