McDonald’s Corporation (NYSE:MCD) [Trend Analysis] luring active investment momentum, shares a loss -0.67% to $118.47. A consortium led by private-equity firm Carlyle Group (CG) together with Chinese conglomerate Citic Group Corp has neared a accord to buy McDonald’s Corp’s (MCD) stores in China and Hong Kong for up to $3 billion, a source with direct knowledge of the matter stated. The accord is likely to be inked before Christmas, the source stated.
Reuters had reported in October that U.S. buyout firms Carlyle and Bain Capital LLC had been the front runners amid the offerders for the fast-food giant’s China assets. McDonald’s in March stated it was reorganizing operations in Asia, bringing in partners as it switches to a less capital-intensive franchise model. The total volume of 4.44 Million shares held in the session was surprisingly higher than its average volume of 4478.56 shares. EPS anticipates indicating constrictive facts, the current year from sell-side analysts, Price to current year EPS stands at -0.60%, and looking additional price to next year’s EPS is 8.90%. While take a short look on price to sales ratio, that was 3.95 and price to earnings ratio of 22.14 attracting passive investors.
Versum Materials Inc (NYSE:VSM) reported that a 5% rise in profit for the fourth quarter from previous year on higher sales. Looking ahead, the firm forecast fiscal 2017 sales in line with anticipates. Net income for the fourth quarter surged to $45.2 million from $43.2 million in the year-before period.
The increase in profit was a result of stronger operating results offset by a higher tax provision. Sales for the quarter surged 7 percent to $248.4 million from $232.4 million in the same period previous year.