Ross Stores (ROST) Set to Announce Earnings on Thursday
Ross Stores (NASDAQ:ROST) will release its earnings data on Thursday, May 22nd. Ross Stores has set its Q1 guidance at $1.11-1.15 EPS and its FY15 guidance at $4.05-4.21 EPS.Parties interested in registering for the company’s conference call can do so using this link.
Ross Stores (NASDAQ:ROST) last issued its quarterly earnings data on Thursday, February 27th. The company reported $1.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.02. The company had revenue of $2.74 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same quarter in the previous year, the company posted $1.07 earnings per share. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect Ross Stores to post $4.21 EPS for the current fiscal year and $4.70 EPS for the next fiscal year.
Ross Stores (NASDAQ:ROST) opened at 67.11 on Wednesday. Ross Stores has a 52-week low of $62.65 and a 52-week high of $81.99. The stock’s 50-day moving average is $69.43 and its 200-day moving average is $71.9. The company has a market cap of $14.292 billion and a P/E ratio of 17.84.
A number of research firms have recently commented on ROST. Analysts at Zacks reiterated a “neutral” rating on shares of Ross Stores in a research note on Wednesday, April 16th. They now have a $73.00 price target on the stock. On a related note, analysts at RBC Capital upgraded shares of Ross Stores from a “sector perform” rating to an “outperform” rating in a research note on Monday, March 24th. They now have a $81.00 price target on the stock, up previously from $79.00. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Ross Stores from $80.00 to $78.00 in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $76.00.
Ross Stores, Inc is an off-price apparel and home fashion chain in the United States, with 1,091 locations in 33 states, the District of Columbia and Guam.
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