Destination Maternity Corp. Reaches New 12-Month Low Following Weak Earnings (DEST)
Shares of Destination Maternity Corp. (NASDAQ:DEST) hit a new 52-week low during mid-day trading on Wednesday after the company announced weaker than expected quarterly earnings, AnalystRatings.Net reports. The company traded as low as $16.23 and last traded at $18.40, with a volume of 554,692 shares. The stock had previously closed at $22.55.
The company reported $0.35 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.67 by $0.32. The company had revenue of $134.02 million for the quarter, compared to the consensus estimate of $145.00 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. The company’s quarterly revenue was down 5.6% on a year-over-year basis.
The company also recently announced a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 5th will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.55%. The ex-dividend date is Wednesday, September 3rd.
The stock’s 50-day moving average is $22.91 and its 200-day moving average is $25.56. The company has a market cap of $253.0 million and a price-to-earnings ratio of 14.12.
Destination Maternity Corporation is the designer and retailer of maternity apparel in the United States and is the nationwide chain of maternity specialty stores.
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