Nordstrom (JWN) Set to Announce Quarterly Earnings on Thursday
Nordstrom (NYSE:JWN) is scheduled to be announcing its Q114 earnings results on Thursday, May 15th. Analysts expect the company to announce earnings of $0.68 per share and revenue of $2.86 billion for the quarter. Nordstrom has set its Q1 guidance at $0.60-0.70 EPS and its FY15 guidance at $3.75-3.90 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.
Nordstrom (NYSE:JWN) last released its earnings data on Thursday, February 20th. The company reported $1.34 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $1.34. The company had revenue of $3.71 billion for the quarter, compared to the consensus estimate of $3.72 billion. On average, analysts expect Nordstrom to post $3.85 EPS for the current fiscal year and $4.23 EPS for the next fiscal year.
Shares of Nordstrom (NYSE:JWN) opened at 62.62 on Wednesday. Nordstrom has a 1-year low of $54.90 and a 1-year high of $64.19. The stock’s 50-day moving average is $61.82 and its 200-day moving average is $60.90. The company has a market cap of $11.879 billion and a P/E ratio of 16.92.
The company also recently announced a quarterly dividend, which is scheduled for Friday, June 13th. Investors of record on Friday, May 30th will be paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a dividend yield of 2.11%. The ex-dividend date is Wednesday, May 28th.
A number of analysts have recently weighed in on JWN shares. Analysts at McAdams Wright Ragen downgraded shares of Nordstrom from a “buy” rating to a “hold” rating in a research note on Wednesday, April 30th. They noted that the move was a valuation call. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Nordstrom in a research note on Wednesday, March 19th. They now have a $66.00 price target on the stock. Finally, analysts at Barclays initiated coverage on shares of Nordstrom in a research note on Tuesday, March 18th. They set an “equal weight” rating and a $65.00 price target on the stock. Twelve equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $65.11.
In other Nordstrom news, EVP Peter E. Nordstrom unloaded 40,984 shares of the company’s stock on the open market in a transaction dated Monday, May 12th. The stock was sold at an average price of $62.82, for a total value of $2,574,614.88. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Nordstrom, Inc is a fashion specialty retailer. As of March 18, 2013, the Company operates 242 United States stores located in 31 states, as well as an e-commerce business through nordstrom.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.