-$0.12 EPS Expected for Fossil Group, Inc. (FOSL) This Quarter
Wall Street brokerages forecast that Fossil Group, Inc. (NASDAQ:FOSL) will post earnings of ($0.12) per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Fossil Group’s earnings, with estimates ranging from ($0.16) to ($0.05). Fossil Group posted earnings per share of $0.42 in the same quarter last year, which would suggest a negative year over year growth rate of 128.6%. The firm is scheduled to issue its next earnings results on Thursday, November 2nd.
According to Zacks, analysts expect that Fossil Group will report full-year earnings of $0.68 per share for the current fiscal year, with EPS estimates ranging from $0.55 to $0.80. For the next year, analysts anticipate that the business will post earnings of $0.75 per share, with EPS estimates ranging from $0.15 to $1.30. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Fossil Group.
Fossil Group (NASDAQ:FOSL) last announced its quarterly earnings data on Tuesday, August 8th. The accessories brand company reported ($0.23) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.28) by $0.05. Fossil Group had a positive return on equity of 6.34% and a negative net margin of 11.33%. The firm had revenue of $596.80 million for the quarter, compared to the consensus estimate of $617.89 million. During the same quarter last year, the business posted $0.12 earnings per share. The firm’s revenue was down 12.9% compared to the same quarter last year.
FOSL has been the topic of several research reports. ValuEngine lowered Fossil Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the company a “hold” rating in a research report on Thursday, October 12th. BidaskClub upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Zacks Investment Research upgraded Fossil Group from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Finally, Bank of America Corporation set a $7.00 target price on Fossil Group and gave the company a “sell” rating in a research note on Wednesday, August 9th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating and three have assigned a buy rating to the stock. Fossil Group has a consensus rating of “Hold” and an average price target of $15.90.
In other Fossil Group news, insider Gregory A. Mckelvey acquired 5,712 shares of the business’s stock in a transaction that occurred on Tuesday, August 29th. The shares were acquired at an average cost of $8.73 per share, for a total transaction of $49,865.76. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James M. Zimmerman acquired 36,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was acquired at an average price of $8.30 per share, for a total transaction of $298,800.00. The disclosure for this purchase can be found here. Insiders have acquired 114,945 shares of company stock worth $923,917 over the last ninety days. Insiders own 12.80% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in Fossil Group in the second quarter worth $113,000. GSA Capital Partners LLP bought a new stake in shares of Fossil Group during the second quarter worth $120,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Fossil Group during the second quarter worth $122,000. BlueCrest Capital Management Ltd bought a new stake in shares of Fossil Group during the second quarter worth $130,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Fossil Group by 0.6% during the second quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the accessories brand company’s stock worth $178,000 after acquiring an additional 100 shares in the last quarter.
Shares of Fossil Group (NASDAQ:FOSL) opened at 9.01 on Thursday. The stock’s market cap is $437.17 million. Fossil Group has a 52-week low of $6.80 and a 52-week high of $36.87. The firm has a 50-day moving average price of $8.75 and a 200-day moving average price of $11.20.
Fossil Group Company Profile
Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.
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