Coach (COH) Set to Announce Quarterly Earnings on Tuesday
Coach (NYSE:COH) will be announcing its earnings results on Tuesday, October 22nd. Persons that wish to listen to the company’s earnings conference call can do so using this link.
Coach (NYSE:COH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.89 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.89. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the company posted $0.86 earnings per share. The company’s quarterly revenue was up 5.8% on a year-over-year basis. On average, analysts expect Coach to post $3.79 EPS for the current fiscal year and $4.22 EPS for the next fiscal year.
Shares of Coach (NYSE:COH) opened at 53.87 on Monday. Coach has a 1-year low of $45.87 and a 1-year high of $62.26. The stock has a 50-day moving average of $53.42 and a 200-day moving average of $54.65. The company has a market cap of $15.188 billion and a P/E ratio of 14.92.
A number of research firms have recently commented on COH. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Coach in a research note to investors on Friday. On the ratings front, analysts at Canaccord Genuity downgraded shares of Coach from a “buy” rating to a “hold” rating in a research note to investors on Monday, October 14th. They now have a $62.00 price target on the stock, down previously from $65.00. Finally, analysts at Piper Jaffray Cos. initiated coverage on shares of Coach in a research note to investors on Tuesday, October 8th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, eighteen have issued a hold rating and seventeen have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $61.58.
Coach, Inc (NYSE:COH), is a marketer of fine accessories and gifts for women and men.
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