Zale (ZLC) Announces Quarterly Earnings, Beats Estimates By $0.15 EPS
Zale (NYSE:ZLC) posted its quarterly earnings results on Tuesday. The company reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.15, Analyst Ratings Net reports. The company had revenue of $431.00 million for the quarter, compared to the consensus estimate of $441.70 million. The company’s revenue for the quarter was down 2.7% on a year-over-year basis.
A number of analysts have recently weighed in on ZLC shares. Analysts at Zacks downgraded shares of Zale from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 29th. They now have a $23.50 price target on the stock. Finally, analysts at Citigroup Inc. downgraded shares of Zale from a “buy” rating to a “neutral” rating in a research note on Friday, February 28th. They now have a $22.00 price target on the stock, up previously from $17.00. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Zale has a consensus rating of “Hold” and a consensus price target of $20.13.
Shares of Zale (NYSE:ZLC) opened at 22.54 on Tuesday. Zale has a 52 week low of $5.32 and a 52 week high of $22.53. The stock has a 50-day moving average of $21.34 and a 200-day moving average of $17.93. The company has a market cap of $744.3 million and a price-to-earnings ratio of 47.63.
Zale Corporation, through its wholly owned subsidiaries, is a retailer of fine jewelry in North America.
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