Analysts Expect Tiffany & Co. (TIF) to Announce $0.87 Earnings Per Share
Analysts expect that Tiffany & Co. (NYSE:TIF) will post $0.87 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Tiffany & Co.’s earnings, with estimates ranging from $0.80 to $0.92. Tiffany & Co. reported earnings per share of $0.84 during the same quarter last year, which suggests a positive year over year growth rate of 3.6%. The company is scheduled to issue its next earnings results before the market opens on Thursday, August 24th.
On average, analysts expect that Tiffany & Co. will report full year earnings of $3.93 per share for the current financial year, with EPS estimates ranging from $3.89 to $3.97. For the next financial year, analysts expect that the business will report earnings of $4.29 per share, with EPS estimates ranging from $3.80 to $4.75. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Tiffany & Co..
Tiffany & Co. (NYSE:TIF) last posted its quarterly earnings data on Wednesday, May 24th. The specialty retailer reported $0.74 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.04. The business had revenue of $899.60 million for the quarter, compared to analysts’ expectations of $915.48 million. Tiffany & Co. had a return on equity of 12.27% and a net margin of 10.33%. The business’s revenue was up .9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS.
TIF has been the topic of a number of research reports. Credit Suisse Group reaffirmed a “buy” rating on shares of Tiffany & Co. in a research report on Friday, April 14th. Goldman Sachs Group, Inc. (The) reduced their target price on shares of Tiffany & Co. from $107.00 to $104.00 and set a “buy” rating on the stock in a research report on Thursday, May 25th. Bank of America Corporation reaffirmed a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a research report on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “buy” rating and set a $110.00 target price on shares of Tiffany & Co. in a research report on Tuesday, May 2nd. Finally, Zacks Investment Research lowered shares of Tiffany & Co. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $92.36.
Shares of Tiffany & Co. (TIF) opened at 92.16 on Tuesday. Tiffany & Co. has a 52-week low of $61.93 and a 52-week high of $97.29. The firm’s 50-day moving average price is $93.04 and its 200 day moving average price is $90.01. The company has a market capitalization of $11.49 billion, a PE ratio of 25.59 and a beta of 1.92.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 10th. Stockholders of record on Tuesday, June 20th were paid a dividend of $0.50 per share. This is an increase from Tiffany & Co.’s previous quarterly dividend of $0.45. This represents a $2.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date of this dividend was Friday, June 16th. Tiffany & Co.’s payout ratio is presently 55.56%.
Several large investors have recently bought and sold shares of the company. Prudential Financial Inc. increased its stake in Tiffany & Co. by 0.4% in the second quarter. Prudential Financial Inc. now owns 150,254 shares of the specialty retailer’s stock valued at $14,104,000 after buying an additional 570 shares during the last quarter. Victory Capital Management Inc. increased its stake in Tiffany & Co. by 21.0% in the second quarter. Victory Capital Management Inc. now owns 1,835,834 shares of the specialty retailer’s stock valued at $172,329,000 after buying an additional 318,238 shares during the last quarter. Welch Group LLC increased its stake in Tiffany & Co. by 0.5% in the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock valued at $145,000 after buying an additional 8 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. increased its stake in Tiffany & Co. by 7.9% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 364,016 shares of the specialty retailer’s stock valued at $34,170,000 after buying an additional 26,548 shares during the last quarter. Finally, Virginia Retirement Systems ET AL bought a new stake in Tiffany & Co. during the second quarter valued at approximately $1,474,000. Institutional investors and hedge funds own 81.06% of the company’s stock.
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Tiffany & Co. Company Profile
Tiffany & Co is a holding company that operates through its subsidiary companies. The Company’s principal subsidiary, Tiffany and Company (Tiffany), is a jeweler and specialty retailer. The Company’s segments include Americas, Asia-Pacific, Japan, Europe and Other. Through its subsidiaries, the Company designs and manufactures products and operates TIFFANY & CO.
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