The Gap (GPS) to Release Earnings on Thursday
The Gap (NYSE:GPS) is set to release its earnings data on Thursday, May 22nd. The Gap has set its FY15 guidance at $2.90-2.95 EPS.Parties interested in participating in the company’s conference call can do so using this link.
The Gap (NYSE:GPS) last issued its quarterly earnings data on Thursday, February 27th. The company reported $0.68 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.66 by $0.02. The company had revenue of $4.58 billion for the quarter, compared to the consensus estimate of $4.60 billion. During the same quarter in the prior year, the company posted $0.73 earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, analysts expect The Gap to post $2.93 EPS for the current fiscal year and $3.32 EPS for the next fiscal year.
Shares of The Gap (NYSE:GPS) opened at 40.29 on Wednesday. The Gap has a 52 week low of $36.13 and a 52 week high of $46.56. The stock’s 50-day moving average is $39.8 and its 200-day moving average is $40.12. The company has a market cap of $18.010 billion and a price-to-earnings ratio of 15.03. The Gap also saw a significant growth in short interest during the month of April. As of April 30th, there was short interest totalling 9,130,946 shares, a growth of 38.4% from the April 15th total of 6,596,773 shares. Approximately 3.6% of the company’s stock are short sold. Based on an average daily trading volume, of 4,110,752 shares, the short-interest ratio is presently 2.2 days.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, July 30th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.18%.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of The Gap from $45.00 to $47.00 in a research note on Friday, May 9th. They now have a “hold” rating on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of The Gap in a research note on Friday, April 11th. They now have a $41.00 price target on the stock. Finally, analysts at Telsey Advisory Group cut their price target on shares of The Gap from $50.00 to $46.00 in a research note on Friday, April 11th. They now have a “not rated” rating on the stock. Seventeen analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The Gap presently has an average rating of “Hold” and an average price target of $43.17.
In other The Gap news, major shareholder John J. Fisher sold 266,121 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $41.41, for a total transaction of $11,020,070.61. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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