Kate Spade & Co (KATE) Set to Announce Quarterly Earnings on Tuesday
Kate Spade & Co (NASDAQ:KATE) will be announcing its Q214 earnings results on Tuesday, August 12th. Parties interested in registering for the company’s conference call can do so using this link.
Kate Spade & Co (NASDAQ:KATE) last released its earnings data on Wednesday, May 14th. The company reported ($0.06) EPS for the quarter, missing the Thomson Reuters consensus estimate of ($0.04) by $0.02. The company had revenue of $224.00 million for the quarter, compared to the consensus estimate of $201.28 million. During the same quarter in the prior year, the company posted ($0.16) earnings per share. The company’s quarterly revenue was up 42.7% on a year-over-year basis. On average, analysts expect Kate Spade & Co to post $0.24 EPS for the current fiscal year and $0.67 EPS for the next fiscal year.
Shares of Kate Spade & Co (NASDAQ:KATE) opened at 38.35 on Monday. Kate Spade & Co has a 1-year low of $22.99 and a 1-year high of $40.84. The stock has a 50-day moving average of $38.38 and a 200-day moving average of $35.48. The company has a market cap of $4.853 billion and a P/E ratio of 27.41.
A number of research firms have recently commented on KATE. Analysts at BMO Capital Markets initiated coverage on shares of Kate Spade & Co in a research note on Tuesday, July 8th. They set an “outperform” rating and a $48.00 price target on the stock. On the ratings front, analysts at Nomura reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Thursday, May 15th. They now have a $43.00 price target on the stock, up previously from $41.00. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Kate Spade & Co in a research note on Thursday, May 15th. They now have a $44.00 price target on the stock, up previously from $42.00. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $45.60.
Kate Spade & Co, formerly Fifth & Pacific Companies Inc, designs and markets a portfolio of retail-based, premium brands, including JUICY COUTURE, KATE SPADE and LUCKY BRAND.
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