Portillo’s (PTLO) Scheduled to Post Quarterly Earnings on Tuesday

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

Portillo’s (NASDAQ:PTLO) last posted its earnings results on Tuesday, August 6th. The company reported $0.10 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.01). The company had revenue of $181.86 million for the quarter, compared to analysts’ expectations of $184.44 million. Portillo’s had a return on equity of 5.08% and a net margin of 3.30%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the company 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 Stock Up 7.3 %

Shares of NASDAQ PTLO opened at $13.88 on Friday. The stock 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 stock’s fifty day simple moving average is $12.68 and its two-hundred day simple moving average is $11.22.

Analyst Upgrades and Downgrades

PTLO has been the topic of a number of recent research reports. Bank of America dropped their price objective on Portillo’s from $20.00 to $17.00 and set a “buy” rating on the stock in a research report on Wednesday, July 17th. Stephens cut shares of Portillo’s from an “overweight” rating to an “equal weight” rating and set a $13.00 price target on the stock. in a report on Monday, October 7th. Stifel Nicolaus reduced their price objective on shares of Portillo’s from $15.00 to $13.00 and set a “buy” rating for the company in a research note on Friday, July 12th. Finally, Morgan Stanley decreased their target price on shares of Portillo’s from $15.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 16th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Portillo’s currently has a consensus rating of “Moderate Buy” and an average price target 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.