Foot Locker (FL) Set to Announce Earnings on Friday
Foot Locker (NYSE:FL) will be releasing its Q214 earnings data on Friday, August 22nd. Analysts expect Foot Locker to post earnings of $0.54 per share and revenue of $1.57 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Foot Locker (NYSE:FL) last released its earnings data on Friday, May 23rd. The company reported $1.11 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.06 by $0.05. The company had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.79 billion. During the same quarter last year, the company posted $0.91 earnings per share. Foot Locker’s revenue was up 14.0% compared to the same quarter last year. On average, analysts expect Foot Locker to post $3.30 EPS for the current fiscal year and $3.63 EPS for the next fiscal year.
Foot Locker (NYSE:FL) opened at 52.43 on Thursday. Foot Locker has a 52-week low of $31.91 and a 52-week high of $52.69. The stock has a 50-day moving average of $49.55 and a 200-day moving average of $46.75. The company has a market cap of $7.586 billion and a price-to-earnings ratio of 17.09.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Shareholders of record on Friday, October 17th will be given a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, October 15th.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Foot Locker in a research note on Wednesday. They now have a $55.00 price target on the stock, up previously from $53.00. On the ratings front, analysts at Buckingham Research initiated coverage on shares of Foot Locker in a research note on Wednesday, June 25th. They set a “buy” rating and a $58.00 price target on the stock. Finally, analysts at Sterne Agee raised their price target on shares of Foot Locker from $55.00 to $60.00 in a research note on Thursday, June 12th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Foot Locker currently has an average rating of “Buy” and a consensus target price of $51.33.
Foot Locker, Inc is a global retailer of shoes and apparel, operating 3,473 primarily mall-based stores in the United States, Canada, Europe, Australia and New Zealand as of February 1, 2014.
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