Five Below Inc (FIVE) Issues FY15 Earnings Guidance
Five Below Inc (NASDAQ:FIVE) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided EPS guidance of $0.86-0.89 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.89, StockRatingsNetwork reports. The company issued revenue guidance of $675-681 million, compared to the consensus revenue estimate of $680.01 million.Five Below also updated its Q2 guidance to $0.12-0.13 EPS.
Shares of Five Below Inc (NASDAQ:FIVE) traded up 1.00% during mid-day trading on Wednesday, hitting $36.53. 1,963,323 shares of the company’s stock traded hands. Five Below Inc has a 52-week low of $33.94 and a 52-week high of $55.28. The stock’s 50-day moving average is $37.81 and its 200-day moving average is $40.29. The company has a market cap of $1.980 billion and a P/E ratio of 61.31.
Five Below (NASDAQ:FIVE) last announced its earnings results on Wednesday, June 4th. The company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. The company had revenue of $126.00 million for the quarter, compared to the consensus estimate of $121.91 million. During the same quarter in the previous year, the company posted $0.05 earnings per share. The company’s revenue for the quarter was up 31.8% on a year-over-year basis. On average, analysts predict that Five Below Inc will post $0.89 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on FIVE shares. Analysts at TheStreet upgraded shares of Five Below from a sell rating to a hold rating in a research note on Thursday, March 27th. On a related note, analysts at Barclays raised their price target on shares of Five Below from $45.00 to $48.00 in a research note on Thursday, March 27th. They now have an overweight rating on the stock. Finally, analysts at MKM Partners raised their price target on shares of Five Below from $38.00 to $39.00 in a research note on Wednesday, March 26th. They now have a neutral rating on the stock. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. The stock presently has a consensus rating of Buy and an average target price of $51.60.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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