ANALISIS PENGARUH STRUKTUR MODAL, DAN PROFITABILITAS TERHADAP EARNING PER SHARE (Studi Pada Perusahaan Manufaktur Sektor Industri Food and Beverage di Indonesia yang Terdaftar dalam Bursa Efek Indonesia Periode 2014-2016).”

Abstract

Earnings per share indicates a company's ability to provide return to the owner of the company. Therefore, earnings per share is important because it becomes an indicator used to measure the success of a company in achieving profit from every share of shares invested by investors. During 2014-2016, EPS on 14 industrial and beverage manufacturing companies experienced an increase, but some of them are decreased. The objective of the research is to analyze Debt to Equity Ratio (DER), Debt to Assets Ratio (DAR), Return On Asset (ROA) and Return on Equity (ROE) to earnings per share. The new population of 15 manufacturing companies engaged in the Food and Beverage industry sector listed on the Indonesia Stock Exchange 2014-2016. The data used are the primary data from Financial Statement. The number of samples used are 39 samples from 14 companies during 2014-2016. There are 3 outlier data that can not be used. This research uses linear regression analysis technique and significance test with SPSS program. Results and Discussion: Most EPS values are below average. The capital structure seen from the Debit To Equity Ratio (DER) shows that capitals are mostly financed by debt. Debt To Assets Ratio (DAR) shows the assets of most companies are financed by debt. Return On Assets (ROA) shows most companies have not been able to show a good level of profitability through the effectiveness of companies utilizing assets to generate profits.. Return On Equity (ROE) shows that most companies are able to properly manage equity in generating profits. Partially, Debt to Equity Ratio (DER) and Debt to Assets Ratio (DAR) have no significant effect to earnings per share with significant number (0,512> 0,05 and 0,546> 0,05). Return On Assets (ROA) and Return on Equity (ROE) have a positive and significant effect to earnings per share with significant number (0,042 <0,05 and 0,001 <0,05). Conclusion and Suggestion: Simultaneously, Debt to Equity Ratio (DER), Debt to Assets Ratio (DAR), Return On Asset (ROA) and Return on Equity (ROE) have significant effect to earnings per-share with significance number (0,010 <0 , 05). Return on Equity (ROE) is a variable that has a dominant influence to earnings per share with beta coefficient (β) that is equal to 0,674. Companies are expected to maintain EPS values by increasing profits, investors are not expected to use only one factor in the analysis, the next researcher should know the period of research and samples, expand the companies studied, and also use different research objects