Tiffany & Co. (TIF) Releases FY15 Earnings Guidance
Tiffany & Co. (NYSE:TIF) issued an update on its FY15 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $4.20-4.30 for the period, compared to the Thomson Reuters consensus estimate of $4.28, Analyst Ratings Network reports. The company issued revenue guidance of +HSD, compared to the consensus revenue estimate of $4.39 billion.
Tiffany & Co. (NYSE:TIF) opened at 100.77 on Wednesday. Tiffany & Co. has a one year low of $73.63 and a one year high of $103.38. The stock has a 50-day moving average of $99.23 and a 200-day moving average of $94.02. The company has a market cap of $13.004 billion and a P/E ratio of 57.77. Tiffany & Co. also was the target of unusually large options trading on Tuesday. Stock traders bought 15,675 call options on the stock. This is an increase of approximately 740% compared to the average daily volume of 1,865 call options.
Tiffany & Co. (NYSE:TIF) last announced its earnings results on Wednesday, August 27th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.11. The company had revenue of $993.00 million for the quarter, compared to the consensus estimate of $987.90 million. During the same quarter last year, the company posted $0.83 earnings per share. Tiffany & Co.’s revenue was up 7.2% compared to the same quarter last year. On average, analysts predict that Tiffany & Co. will post $4.29 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 10th. Stockholders of record on Monday, September 22nd will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 1.51%. The ex-dividend date of this dividend is Thursday, September 18th.
TIF has been the subject of a number of recent research reports. Analysts at Sterne Agee raised their price target on shares of Tiffany & Co. to $108.00 in a research note on Thursday, August 21st. They now have a buy rating on the stock. On a related note, analysts at Credit Suisse reiterated an outperform rating on shares of Tiffany & Co. in a research note on Wednesday, August 13th. They now have a $106.00 price target on the stock, up previously from $104.00. Finally, analysts at Barrington Research initiated coverage on shares of Tiffany & Co. in a research note on Monday, June 23rd. They set a market perform rating on the stock. Seven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $98.18.
Tiffany & Co (NYSE:TIF) is a holding company that operates through its subsidiary companies.
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