$0.06 EPS Expected for Del Taco Restaurants Inc (TACO) This Quarter

Wall Street brokerages forecast that Del Taco Restaurants Inc (NASDAQ:TACO) will post earnings of $0.06 per share for the current quarter, Zacks reports. Three analysts have made estimates for Del Taco Restaurants’ earnings. The lowest EPS estimate is $0.05 and the highest is $0.07. Del Taco Restaurants reported earnings of $0.08 per share in the same quarter last year, which indicates a negative year over year growth rate of 25%. The firm is scheduled to announce its next quarterly earnings results on Thursday, May 2nd.

According to Zacks, analysts expect that Del Taco Restaurants will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.47 to $0.51. For the next year, analysts forecast that the firm will report earnings of $0.56 per share, with EPS estimates ranging from $0.52 to $0.60. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research firms that follow Del Taco Restaurants.

Del Taco Restaurants (NASDAQ:TACO) last announced its earnings results on Monday, March 18th. The restaurant operator reported $0.18 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by ($0.01). Del Taco Restaurants had a return on equity of 5.12% and a net margin of 3.75%. The company had revenue of $157.30 million during the quarter, compared to the consensus estimate of $157.01 million. During the same period in the prior year, the firm posted $0.15 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis.

TACO has been the subject of several analyst reports. BidaskClub upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Thursday, December 27th. Maxim Group reiterated a “buy” rating on shares of Del Taco Restaurants in a research report on Wednesday, January 9th. Zacks Investment Research upgraded shares of Del Taco Restaurants from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday, January 18th. Wedbush reiterated an “outperform” rating and set a $15.00 price target on shares of Del Taco Restaurants in a research report on Friday, February 1st. Finally, ValuEngine cut shares of Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Del Taco Restaurants presently has a consensus rating of “Hold” and a consensus price target of $14.29.

Shares of NASDAQ:TACO traded down $0.03 during trading on Friday, hitting $10.09. 109,224 shares of the company’s stock were exchanged, compared to its average volume of 219,280. Del Taco Restaurants has a 1-year low of $9.45 and a 1-year high of $14.83. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.59 and a quick ratio of 0.54. The stock has a market cap of $374.55 million, a price-to-earnings ratio of 18.02, a P/E/G ratio of 1.28 and a beta of 0.20.

Large investors have recently modified their holdings of the company. Rothschild Investment Corp IL grew its holdings in Del Taco Restaurants by 6.8% during the first quarter. Rothschild Investment Corp IL now owns 41,100 shares of the restaurant operator’s stock valued at $413,000 after purchasing an additional 2,600 shares during the period. Geode Capital Management LLC grew its holdings in Del Taco Restaurants by 4.4% during the fourth quarter. Geode Capital Management LLC now owns 384,048 shares of the restaurant operator’s stock valued at $3,836,000 after purchasing an additional 16,208 shares during the period. Western Wealth Management LLC acquired a new position in Del Taco Restaurants during the fourth quarter valued at approximately $2,556,000. Legal & General Group Plc grew its holdings in Del Taco Restaurants by 24.1% during the fourth quarter. Legal & General Group Plc now owns 5,896 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 1,145 shares during the period. Finally, Municipal Employees Retirement System of Michigan acquired a new position in Del Taco Restaurants during the fourth quarter valued at approximately $320,000. Institutional investors own 81.97% of the company’s stock.

About Del Taco Restaurants

Del Taco Restaurants, Inc develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company's restaurants offer Mexican inspired and American classic dishes. As of December 10, 2018, it operated approximately 560 restaurants across 14 states.

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Earnings History and Estimates for Del Taco Restaurants (NASDAQ:TACO)

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