Genesco Inc. (GCO) Updates FY15 Earnings Guidance
Genesco Inc. (NYSE:GCO) issued an update on its FY15 earnings guidance on Thursday morning. The company provided earnings per share guidance of $5.10-5.20 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.46, StockRatingsNetwork.com reports.
A number of research firms have recently commented on GCO. Analysts at SunTrust raised their price target on shares of Genesco from $90.00 to $101.00 in a research note on Tuesday. On a related note, 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of Hold and a consensus target price of $84.00.
Genesco Inc. (NYSE:GCO) opened at 88.67 on Thursday. Genesco Inc. has a 52 week low of $60.03 and a 52 week high of $89.58. The stock has a 50-day moving average of $80.48 and a 200-day moving average of $76.97. The company has a market cap of $2.127 billion and a price-to-earnings ratio of 22.64.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, August 28th. The company reported $0.34 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.55 by $0.21. 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. Genesco’s revenue was up 7.1% compared to the same quarter last year. Analysts expect that Genesco Inc. will post $5.47 EPS for the current fiscal year.
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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