Elizabeth Arden (RDEN) to Release Earnings on Wednesday
Elizabeth Arden (NASDAQ:RDEN) is set to release its earnings data on Wednesday, October 30th. Elizabeth Arden has set its Q1 guidance at $0.13-0.18 EPS and its FY14 guidance at $2.15-2.30 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.
Elizabeth Arden (NASDAQ:RDEN) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by $0.23. The company had revenue of $267.60 million for the quarter, compared to the consensus estimate of $289.86 million. During the same quarter in the prior year, the company posted $0.28 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, analysts expect Elizabeth Arden to post $2.18 EPS for the current fiscal year and $2.57 EPS for the next fiscal year.
Elizabeth Arden (NASDAQ:RDEN) traded down 0.91% during mid-day trading on Tuesday, hitting $39.29. 14,547 shares of the company’s stock traded hands. Elizabeth Arden has a one year low of $30.37 and a one year high of $49.75. The stock has a 50-day moving average of $36.71 and a 200-day moving average of $41.83. The company has a market cap of $1.163 billion and a price-to-earnings ratio of 29.81.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Elizabeth Arden from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $37.90 price target on the stock. On a related note, analysts at SunTrust upgraded shares of Elizabeth Arden from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, September 24th. They now have a $50.00 price target on the stock, up previously from $35.00. They noted that the move was a valuation call. Finally, analysts at B. Riley downgraded shares of Elizabeth Arden from a “buy” rating to a “neutral” rating in a research note to investors on Wednesday, September 18th. They now have a $40.00 price target on the stock. They noted that the move was a valuation call. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $42.27.
Elizabeth Arden, Inc is a beauty products company with a range of portfolio of fragrance, skin care and cosmetics brands.
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