Wall Street analysts expect that Foot Locker, Inc. (NYSE:FL) will announce earnings per share (EPS) of $0.80 for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Foot Locker’s earnings, with estimates ranging from $0.75 to $0.83. Foot Locker reported earnings of $1.13 per share during the same quarter last year, which indicates a negative year over year growth rate of 29.2%. The business is scheduled to issue its next quarterly earnings results on Friday, November 17th.

According to Zacks, analysts expect that Foot Locker will report full year earnings of $3.95 per share for the current year, with EPS estimates ranging from $3.85 to $4.02. For the next year, analysts anticipate that the firm will post earnings of $3.77 per share, with EPS estimates ranging from $3.32 to $4.34. Zacks’ EPS calculations are a mean average based on a survey of sell-side research firms that follow Foot Locker.

Foot Locker (NYSE:FL) last posted its earnings results on Friday, August 18th. The athletic footwear retailer reported $0.62 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.28). Foot Locker had a net margin of 7.49% and a return on equity of 21.52%. The company had revenue of $1.70 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the business posted $0.94 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis.

A number of research analysts have recently issued reports on FL shares. B. Riley restated a “buy” rating and issued a $79.00 price target on shares of Foot Locker in a research report on Wednesday, May 17th. Wedbush reiterated an “outperform” rating and issued a $83.00 price objective on shares of Foot Locker in a research report on Wednesday, May 17th. Bank of America Corporation downgraded shares of Foot Locker from a “buy” rating to a “neutral” rating and cut their price objective for the company from $84.00 to $65.00 in a research report on Friday, May 19th. Canaccord Genuity set a $75.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Finally, Jefferies Group LLC set a $80.00 price objective on shares of Foot Locker and gave the company a “buy” rating in a research report on Saturday, May 20th. Three analysts have rated the stock with a sell rating, fourteen have issued a hold rating and twelve have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $65.81.

Several hedge funds have recently bought and sold shares of FL. Alps Advisors Inc. lifted its stake in Foot Locker by 0.3% in the second quarter. Alps Advisors Inc. now owns 6,312 shares of the athletic footwear retailer’s stock valued at $311,000 after acquiring an additional 17 shares during the last quarter. Somerset Trust Co lifted its stake in Foot Locker by 0.7% in the second quarter. Somerset Trust Co now owns 6,100 shares of the athletic footwear retailer’s stock valued at $300,000 after acquiring an additional 41 shares during the last quarter. Honkamp Krueger Financial Services Inc. lifted its stake in Foot Locker by 0.4% in the second quarter. Honkamp Krueger Financial Services Inc. now owns 14,090 shares of the athletic footwear retailer’s stock valued at $694,000 after acquiring an additional 61 shares during the last quarter. Commerce Bank lifted its stake in Foot Locker by 1.3% in the first quarter. Commerce Bank now owns 6,200 shares of the athletic footwear retailer’s stock valued at $464,000 after acquiring an additional 77 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Foot Locker by 3.5% in the first quarter. Pacer Advisors Inc. now owns 2,630 shares of the athletic footwear retailer’s stock valued at $197,000 after acquiring an additional 88 shares during the last quarter. Institutional investors and hedge funds own 91.36% of the company’s stock.

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Foot Locker (FL) traded up 1.41% during trading on Thursday, hitting $36.61. 2,920,612 shares of the company’s stock traded hands. Foot Locker has a 12-month low of $31.56 and a 12-month high of $79.43. The firm’s 50-day moving average price is $41.79 and its 200 day moving average price is $59.11. The stock has a market cap of $4.83 billion, a P/E ratio of 8.46 and a beta of 0.73.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 27th. Investors of record on Friday, October 13th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Thursday, October 12th. Foot Locker’s dividend payout ratio is currently 28.57%.

About Foot Locker

Foot Locker, Inc is a retailer of shoes and apparel. The Company operates through two segments: Athletic Stores and Direct-to-Customers. The Company is an athletic footwear and apparel retailer, which include businesses, such as include Foot Locker, Kids Foot Locker, Lady Foot Locker, Champs Sports, Footaction, Runners Point, Sidestep and SIX:02.

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Earnings History and Estimates for Foot Locker (NYSE:FL)

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