The Buckle (BKE) Set to Announce Quarterly Earnings on Thursday
The Buckle (NYSE:BKE) is scheduled to announce its Q114 earnings results on Thursday, May 22nd. Analysts expect the company to announce earnings of $0.78 per share and revenue of $273.19 million for the quarter.
The Buckle (NYSE:BKE) last announced its earnings results on Friday, March 14th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.13 by $1.11. The company had revenue of $339.00 million for the quarter, compared to the consensus estimate of $340.69 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. On average, analysts expect The Buckle to post $3.49 EPS for the current fiscal year and $3.59 EPS for the next fiscal year.
The Buckle (NYSE:BKE) opened at 45.31 on Wednesday. The Buckle has a 52-week low of $41.45 and a 52-week high of $56.3226. The stock’s 50-day moving average is $46.03 and its 200-day moving average is $47.05. The company has a market cap of $2.169 billion and a price-to-earnings ratio of 14.07.
Several analysts have recently commented on the stock. Analysts at CRT Capital initiated coverage on shares of The Buckle in a research note on Wednesday, May 14th. They set a “fair value” rating and a $49.00 price target on the stock. On a related note, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of The Buckle in a research note on Friday, May 9th. They now have a $47.00 price target on the stock, down previously from $50.00. Finally, analysts at Cowen and Company cut their price target on shares of The Buckle from $50.00 to $45.00 in a research note on Monday, March 17th. Two analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $47.14.
The Buckle, Inc is a retailer of casual apparel, footwear, and accessories for men and women. As of January 28, 2012, the Company operated 431 retail stores in 43 states throughout the United States under the names Buckle and The Buckle.
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