DSW Inc. (DSW) Issues FY15 Earnings Guidance
DSW Inc. (NYSE:DSW) updated its FY15 earnings guidance on Tuesday. The company provided EPS guidance of $1.57-1.72 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.53, American Banking News.com reports. The company issued revenue guidance of mid single digits (cons +2.3%), compared to the consensus revenue estimate of $2.40 billion.
A number of research firms have recently commented on DSW. Analysts at Canaccord Genuity reiterated a hold rating on shares of DSW in a research note on Friday. On a related note, analysts at Sterne Agee downgraded shares of DSW from a neutral rating to an underperform rating in a research note on Monday, July 28th. They now have a $23.00 price target on the stock. Finally, analysts at Goldman Sachs upgraded shares of DSW from a neutral rating to a buy rating in a research note on Monday, June 16th. They now have a $35.00 price target on the stock, up previously from $27.00. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Hold and a consensus target price of $31.00.
DSW Inc. (NYSE:DSW) opened at 28.37 on Tuesday. DSW Inc. has a one year low of $23.45 and a one year high of $47.55. The stock’s 50-day moving average is $27.42 and its 200-day moving average is $32.13. The company has a market cap of $2.792 billion and a price-to-earnings ratio of 16.80. DSW also saw unusually large options trading on Monday. Investors purchased 4,344 call options on the stock. This is an increase of approximately 550% compared to the average volume of 668 call options.
DSW (NYSE:DSW) last posted its quarterly earnings results on Tuesday, August 26th. The company reported $0.37 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.32 by $0.05. The company had revenue of $587.00 million for the quarter, compared to the consensus estimate of $564.00 million. During the same quarter last year, the company posted $0.49 earnings per share. DSW’s revenue was up 4.4% compared to the same quarter last year. On average, analysts predict that DSW Inc. will post $1.53 earnings per share for the current fiscal year.
DSW Inc (NYSE:DSW) is a United States branded footwear and accessories specialty retailer operating 326 shoe stores in 40 states as of January 28, 2012, and dsw.
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