Ralph Lauren Corporation (RL) Set to Announce Quarterly Earnings on Wednesday
Ralph Lauren Corporation (NYSE:RL) will announce its earnings results on Wednesday, February 5th. Investors interested in participating in the company’s conference call can do so using this link.
Ralph Lauren Corporation (NYSE:RL) last released its earnings data on Wednesday, November 6th. The company reported $2.23 earnings per share for the quarter, beating the analysts’ consensus estimate of $2.20 by $0.03. The company had revenue of $1.90 million for the quarter, compared to the consensus estimate of $1.91 million. During the same quarter last year, the company posted $2.45 earnings per share. Ralph Lauren Corporation’s revenue was up 2.8% compared to the same quarter last year. On average, analysts expect Ralph Lauren Corporation to post $8.51 EPS for the current fiscal year and $9.82 EPS for the next fiscal year.
Shares of Ralph Lauren Corporation (NYSE:RL) opened at 153.66 on Tuesday. Ralph Lauren Corporation has a one year low of $155.30 and a one year high of $192.03. The stock has a 50-day moving average of $168.9 and a 200-day moving average of $170.3. The company has a market cap of $13.882 billion and a price-to-earnings ratio of 20.00.
A number of analysts have recently weighed in on RL shares. Analysts at McLean Capital Management downgraded shares of Ralph Lauren Corporation from a “buy” rating to a “neutral” rating in a research note to investors on Friday, January 24th. On a related note, analysts at Morgan Stanley downgraded shares of Ralph Lauren Corporation from an “overweight” rating to an “equal weight” rating in a research note to investors on Thursday, January 16th. They now have a $192.00 price target on the stock. Finally, analysts at Stephens initiated coverage on shares of Ralph Lauren Corporation in a research note to investors on Thursday, December 19th. They set an “equal weight” rating on the stock. Seven analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Ralph Lauren Corporation currently has a consensus rating of “Buy” and an average target price of $192.00.
Ralph Lauren Corporation is engaged in the design, marketing and distribution of products, including men’s, women’s and children’s apparel, accessories (NYSE:RL), fragrances and home furnishings.
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