Fossil Group (FOSL) Scheduled to Post Earnings on Tuesday
Fossil Group (NASDAQ:FOSL) will post its Q214 quarterly earnings results on Tuesday, August 12th. Analysts expect Fossil Group to post earnings of $0.96 per share and revenue of $771.01 million for the quarter. Fossil Group has set its Q2 guidance at $0.90-0.97 EPS and its FY14 guidance at $6.90-7.30 EPS.Investors that wish to register for the company’s conference call can do so using this link.
Fossil Group (NASDAQ:FOSL) last released its earnings data on Tuesday, May 13th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.17 by $0.05. The company had revenue of $776.50 million for the quarter, compared to the consensus estimate of $771.55 million. During the same quarter in the prior year, the company posted $1.21 earnings per share. The company’s quarterly revenue was up 14.1% on a year-over-year basis. On average, analysts expect Fossil Group to post $7.14 EPS for the current fiscal year and $8.07 EPS for the next fiscal year.
Fossil Group (NASDAQ:FOSL) opened at 104.37 on Monday. Fossil Group has a 52-week low of $97.29 and a 52-week high of $134.99. The stock has a 50-day moving average of $102.4 and a 200-day moving average of $109.0. The company has a market cap of $5.586 billion and a P/E ratio of 15.20.
Several analysts have recently commented on the stock. Analysts at Nomura reiterated a “neutral” rating on shares of Fossil Group in a research note on Friday. They now have a $104.00 price target on the stock, down previously from $114.00. On the ratings front, analysts at Brean Capital upgraded shares of Fossil Group from a “sell” rating to a “hold” rating in a research note on Monday, May 19th. They noted that the move was a valuation call. Finally, analysts at Credit Agricole upgraded shares of Fossil Group from an “outperform” rating to a “buy” rating in a research note on Wednesday, May 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $125.75.
Fossil Group, Inc, formerly Fossil, Inc, a global designer, marketer and distributer company that specializes in consumer fashion accessories.
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