Five Below Inc (FIVE) Issues Q2 Earnings Guidance
Five Below Inc (NASDAQ:FIVE) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.12-0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14, Analyst Ratings.Net reports. The company issued revenue guidance of $150-152 million, compared to the consensus revenue estimate of $151.70 million.Five Below also updated its FY15 guidance to $0.86-0.89 EPS.
A number of research firms have recently commented on FIVE. 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 investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and an average target price of $51.60.
Shares of Five Below Inc (NASDAQ:FIVE) traded up 1.00% on Wednesday, hitting $36.53. The stock had a trading volume of 1,963,323 shares. Five Below Inc has a 52 week low of $33.94 and a 52 week high of $55.28. The stock has a 50-day moving average of $37.81 and a 200-day moving average of $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 issued its quarterly earnings data on Wednesday, June 4th. The company reported $0.07 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue 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.
Five Below, Inc (NASDAQ:FIVE) is a retailer offering a range of merchandise for teen and pre-teen customer.
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