The Gap (GPS) Scheduled to Post Earnings on Thursday
The Gap (NYSE:GPS) is scheduled to be releasing its Q214 earnings data on Thursday, August 21st. Analysts expect The Gap to post earnings of $0.69 per share and revenue of $3.97 billion for the quarter. The Gap has set its FY15 guidance at $2.90-2.95 EPS.Investors interested in participating in the company’s conference call can do so using this link.
The Gap (NYSE:GPS) last released its earnings data on Thursday, May 22nd. The company reported $0.58 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.01. The company had revenue of $3.77 billion for the quarter, compared to the consensus estimate of $3.71 billion. During the same quarter last year, the company posted $0.71 earnings per share. The Gap’s revenue was down 99.9% compared to the same quarter last year. On average, analysts expect The Gap to post $2.95 EPS for the current fiscal year and $3.33 EPS for the next fiscal year.
Shares of The Gap (NYSE:GPS) opened at 42.69 on Wednesday. The Gap has a 52-week low of $36.13 and a 52-week high of $44.59. The stock’s 50-day moving average is $40.87 and its 200-day moving average is $40.89. The company has a market cap of $18.814 billion and a price-to-earnings ratio of 16.09.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 29th. Stockholders of record on Wednesday, October 8th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Monday, October 6th.
A number of research firms have recently commented on GPS. Analysts at Credit Suisse initiated coverage on shares of The Gap in a research note on Monday, August 11th. They set a “neutral” rating and a $44.00 price target on the stock. On the ratings front, analysts at Canaccord Genuity cut their price target on shares of The Gap from $51.00 to $50.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Sterne Agee cut their price target on shares of The Gap from $47.00 to $46.00 in a research note on Friday, July 11th. Eleven research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $41.24.
In other The Gap news, EVP John T. Keiser sold 25,000 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $42.50, for a total value of $1,062,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
The Gap, Inc (NYSE:GPS),is a global specialty apparel company.
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