Stage Stores Inc (SSI) Updates FY15 Earnings Guidance
Stage Stores Inc (NYSE:SSI) updated its FY15 earnings guidance on Thursday. The company provided earnings per share guidance of $1.05-1.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.22, AnalystRatingsNetwork reports. The company issued revenue guidance of $1.61-1.63 billion, compared to the consensus revenue estimate of $1.65 billion.
Shares of Stage Stores Inc (NYSE:SSI) opened at 18.50 on Thursday. Stage Stores Inc has a 52 week low of $17.63 and a 52 week high of $25.39. The stock has a 50-day moving average of $18.55 and a 200-day moving average of $20.12. The company has a market cap of $586.9 million and a price-to-earnings ratio of 133.93.
Stage Stores (NYSE:SSI) last issued its quarterly earnings data on Thursday, August 21st. The company reported $0.45 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.53 by $0.08. The company had revenue of $377.00 million for the quarter, compared to the consensus estimate of $397.60 million. During the same quarter last year, the company posted $0.41 earnings per share. Stage Stores’s revenue was down 4.5% compared to the same quarter last year. Analysts expect that Stage Stores Inc will post $1.22 EPS for the current fiscal year.
On a related note, analysts at Zacks upgraded shares of Stage Stores from an underperform rating to a neutral rating in a research note on Wednesday, July 23rd. They now have a $19.20 price target on the stock. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $22.20.
Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.
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