Foot Locker (FL) Scheduled to Post Quarterly Earnings on Friday
Foot Locker (NYSE:FL) is scheduled to be issuing its Q114 quarterly earnings data on Friday, May 23rd. Analysts expect the company to announce earnings of $1.06 per share and revenue of $1.79 billion for the quarter. Parties interested in participating in the company’s conference call can do so using this link.
Foot Locker (NYSE:FL) last issued its quarterly earnings data on Friday, March 7th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.05. The company had revenue of $1.79 billion for the quarter, compared to the consensus estimate of $1.76 billion. During the same quarter in the previous year, the company posted $0.73 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts expect Foot Locker to post $3.24 EPS for the current fiscal year and $3.56 EPS for the next fiscal year.
Foot Locker (NYSE:FL) opened at 47.56 on Thursday. Foot Locker has a one year low of $31.91 and a one year high of $49.63. The stock’s 50-day moving average is $46.65 and its 200-day moving average is $41.9. The company has a market cap of $6.927 billion and a price-to-earnings ratio of 16.78.
The company also recently declared a quarterly dividend, which is scheduled for Friday, August 1st. Stockholders of record on Friday, July 18th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.85%.
Several analysts have recently commented on the stock. Analysts at Canaccord Genuity raised their price target on shares of Foot Locker from $52.00 to $55.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Thursday, April 24th. They now have a $48.00 price target on the stock, down previously from $51.00. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Foot Locker from $47.00 to $50.00 in a research note on Friday, March 14th. They now have an “overweight” rating on the stock. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. Foot Locker has an average rating of “Buy” and a consensus price target of $47.50.
Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,335 primarily mall-based stores in the United States, Canada, Europe, Australia, and New Zealand as of February 2, 2013.
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