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

Portillo’s (NASDAQ:PTLO) is set to post its quarterly earnings results before the market opens on Tuesday, May 7th. Analysts expect Portillo’s to post earnings of $0.06 per share for the quarter. Investors that wish to register for the company’s conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last posted its quarterly earnings results on Tuesday, February 27th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.05 by $0.08. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $184.95 million. Portillo’s had a net margin of 2.71% and a return on equity of 4.79%. The company’s quarterly revenue was up 24.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.08 EPS. On average, analysts expect Portillo’s to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Portillo’s Stock Performance

Shares of PTLO stock opened at $11.92 on Friday. The firm has a market cap of $869.80 million, a price-to-earnings ratio of 38.45, a PEG ratio of 1.57 and a beta of 1.86. Portillo’s has a 52-week low of $11.53 and a 52-week high of $23.99. The company has a quick ratio of 0.32, a current ratio of 0.40 and a debt-to-equity ratio of 0.62. The company’s 50 day moving average is $13.21 and its 200 day moving average is $14.30.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Stephens started coverage on Portillo’s in a report on Friday, April 12th. They issued an “overweight” rating and a $20.00 price target on the stock. Morgan Stanley cut their target price on Portillo’s from $17.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Friday, April 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Portillo’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.43.

Portillo’s Company Profile

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.