Equities research analysts forecast that Del Taco Restaurants Inc (NASDAQ:TACO) will announce earnings per share (EPS) of $0.06 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Del Taco Restaurants’ earnings, with the lowest EPS estimate coming in at $0.05 and the highest estimate coming in at $0.07. Del Taco Restaurants posted 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 expected to issue its next earnings results on Thursday, May 2nd.

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

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

Several analysts have weighed in on TACO shares. BidaskClub upgraded Del Taco Restaurants from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. ValuEngine downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Wednesday, February 13th. Zacks Investment Research downgraded Del Taco Restaurants from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Maxim Group reiterated a “buy” rating and issued a $16.00 price objective on shares of Del Taco Restaurants in a research report on Tuesday, January 15th. Finally, Wedbush reiterated an “outperform” rating and issued a $15.00 price objective on shares of Del Taco Restaurants in a research report on Friday, February 1st. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $14.29.

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

Several institutional investors have recently made changes to their positions in the stock. Rothschild Investment Corp IL raised its holdings in shares of 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 acquiring an additional 2,600 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of 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 acquiring an additional 16,208 shares in the last quarter. Western Wealth Management LLC bought a new position in shares of Del Taco Restaurants during the fourth quarter valued at approximately $2,556,000. Legal & General Group Plc raised its holdings in shares of 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 acquiring an additional 1,145 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan bought a new position in shares of Del Taco Restaurants during the fourth quarter valued at approximately $320,000. Institutional investors own 81.97% of the company’s stock.

Del Taco Restaurants Company Profile

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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