Portillo’s (PTLO) to Release Earnings on Tuesday

Portillo’s (NASDAQ:PTLO) is scheduled 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 that wish to register for the company’s earnings conference call can do so using this link.

Portillo’s (NASDAQ:PTLO) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.01). The company had revenue of $181.86 million during 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 was up 7.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.12 earnings per share. 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 Trading Up 3.3 %

PTLO opened at $13.32 on Tuesday. The firm has a market cap of $971.96 million, a price-to-earnings ratio of 35.00, a PEG ratio of 16.76 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 has a fifty day moving average price of $12.57 and a 200-day moving average price of $11.20.

Analyst Upgrades and Downgrades

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