Brown Shoe Co. Inc. (BWS) Issues FY15 Earnings Guidance
Brown Shoe Co. Inc. (NYSE:BWS) updated its FY15 earnings guidance on Wednesday. The company provided EPS guidance of $1.50-1.60 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.58, Analyst Ratings Net reports. The company issued revenue guidance of $2.58-2.60 billion, compared to the consensus revenue estimate of $2.58 billion.
BWS has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Brown Shoe Co. in a research note on Wednesday, June 25th. They set a buy rating and a $33.00 price target on the stock. Analysts at Susquehanna raised their price target on shares of Brown Shoe Co. from $30.00 to $33.00 in a research note on Tuesday, June 3rd.
Brown Shoe Co. Inc. (NYSE:BWS) opened at 31.37 on Wednesday. Brown Shoe Co. Inc. has a 1-year low of $21.26 and a 1-year high of $32.31. The stock’s 50-day moving average is $28.87 and its 200-day moving average is $26.73. The company has a market cap of $1.370 billion and a P/E ratio of 21.02.
Brown Shoe Co. (NYSE:BWS) last announced its earnings results on Wednesday, August 27th. The company reported $0.41 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.35 by $0.06. The company had revenue of $635.90 million for the quarter, compared to the consensus estimate of $637.70 million. During the same quarter in the prior year, the company posted $0.33 earnings per share. The company’s quarterly revenue was up 2.3% on a year-over-year basis. Analysts expect that Brown Shoe Co. Inc. will post $1.56 EPS for the current fiscal year.
In other Brown Shoe Co. news, Insider Richard M. Ausick sold 2,062 shares of the company’s stock in a transaction dated Thursday, August 21st. The shares were sold at an average price of $30.01, for a total value of $61,880.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Brown Shoe Company, Inc is a global footwear retailer and wholesaler. The Company’s activities include the operation of retail shoe stores and e-commerce Websites, as well as the sourcing and marketing of footwear for women and men.
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