Genesco (GCO) Releases Quarterly Earnings, Misses Estimates By $0.21 EPS
Genesco (NYSE:GCO) released its earnings data on Thursday. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.21, Stock Ratings Network.com reports. The company had revenue of $615.00 million for the quarter, compared to the consensus estimate of $613.94 million. During the same quarter last year, the company posted $0.56 earnings per share.
A number of analysts have recently weighed in on GCO shares. Analysts at SunTrust raised their price target on shares of Genesco from $90.00 to $101.00 in a research note on Tuesday. On the ratings front, analysts at Susquehanna raised their price target on shares of Genesco from $85.00 to $100.00 in a research note on Monday. Finally, analysts at Avondale Partners upgraded shares of Genesco from a “market perform” rating to an “outperform” rating in a research note on Wednesday, August 20th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $84.00.
Shares of Genesco (NYSE:GCO) opened at 88.67 on Thursday. Genesco has a 52-week low of $60.03 and a 52-week high of $89.58. The stock’s 50-day moving average is $80.48 and its 200-day moving average is $76.97. The company has a market cap of $2.127 billion and a P/E ratio of 22.79.
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in six segments: Journeys Group, Underground Station Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands.
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