23-Apr-2024
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Arcos Dorados Holdings Inc. First Quarter 2024 Results Webcast Date and Time
Business Wire (Wed, 17-Apr 8:00 AM ET)
Arcos Dorados Reports Strong Fourth Quarter and Full Year 2023 Financial Results
Business Wire (Wed, 13-Mar 7:30 AM ET)
Arcos Dorados to Host Its 2024 Annual General Shareholders' Meeting
Business Wire (Fri, 8-Mar 7:22 AM ET)
Arcos Dorados Holdings Inc. (NYSE:ARCO) Fourth Quarter 2023 Results Webcast Date and Time
Business Wire (Mon, 19-Feb 7:30 AM ET)
Business Wire (Mon, 29-Jan 4:30 PM ET)
Arcos Dorados Holdings Inc operates McDonald's-branded restaurants in approximately 20 countries and territories in Latin America and the Caribbean. It functions through two sources which include company-operated restaurants and franchised restaurants segment. Their menu includes hamburgers, McNuggets, salad, sandwiches, french fries and others.
Arcos Dorados Holdings Class A Shares trades on the NYSE stock market under the symbol ARCO.
As of April 23, 2024, ARCO stock price climbed to $11.15 with 734,997 million shares trading.
ARCO has a beta of 0.99, meaning it tends to be less sensitive to market movements. ARCO has a correlation of 0.13 to the broad based SPY ETF.
ARCO has a market cap of $2.31 billion. This is considered a Mid Cap stock.
Last quarter Arcos Dorados Holdings Class A Shares reported $1 billion in Revenue and $.26 earnings per share. This beat revenue expectation by $26 million and missed earnings estimates by -$.05.
In the last 3 years, ARCO stock traded as high as $13.20 and as low as $4.33.
The top ETF exchange traded funds that ARCO belongs to (by Net Assets): ARGT, FNDA, PRFZ, SMLF, JEMA.
ARCO has outperformed the market in the last year with a price return of +45.0% while the SPY ETF gained +24.3%. However, in the short term, ARCO had mixed performance relative to the market. It has underperformed in the last 3 months, returning -8.5% vs +4.9% return in SPY. But in the last 2 weeks, ARCO shares have fared better than the market returning +2.9% compared to SPY -2.5%.
ARCO support price is $10.77 and resistance is $11.15 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ARCO stock will trade within this expected range on the day.