Stage Stores Sets New 1-Year Low Following Weak Earnings (SSI)
Stage Stores (NYSE:SSI)’s share price reached a new 52-week low during mid-day trading on Thursday following a dissappointing earnings announcement, StockRatingsNetwork.com reports. The company traded as low as $17.19 and last traded at $17.25, with a volume of 1,132,356 shares traded. The stock had previously closed at $18.50.
The company reported $0.45 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.41 earnings per share. The company’s quarterly revenue was down 4.5% on a year-over-year basis.
Separately, 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $22.20.
The stock’s 50-day moving average is $18.55 and its 200-day moving average is $20.12. The company has a market cap of $548.2 million and a price-to-earnings ratio of 132.14.
Stage Stores, Inc (NYSE:SSI) is a Houston, Texas-based retailer, which operates both department stores and off-price stores.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.