Michael Kors Holdings Limited (NYSE:KORS) is set to issue its quarterly earnings data before the market opens on Monday, November 6th. Analysts expect the company to announce earnings of $0.83 per share for the quarter. Michael Kors Holdings Limited has set its Q2 guidance at $0.80-0.84 EPS and its FY18 guidance at $3.62-3.72 EPS.

Michael Kors Holdings Limited (NYSE:KORS) last released its quarterly earnings data on Tuesday, August 8th. The lifestyle brand reported $0.80 EPS for the quarter, beating analysts’ consensus estimates of $0.62 by $0.18. Michael Kors Holdings Limited had a net margin of 11.91% and a return on equity of 40.26%. The company had revenue of $952.40 million during the quarter, compared to analyst estimates of $919.18 million. During the same period last year, the business earned $0.88 earnings per share. Michael Kors Holdings Limited’s revenue was down 3.6% compared to the same quarter last year. On average, analysts expect Michael Kors Holdings Limited to post $3.69 EPS for the current fiscal year and $3.74 EPS for the next fiscal year.

Michael Kors Holdings Limited (NYSE KORS) traded down 0.35% during trading on Monday, hitting $48.85. 330,810 shares of the stock were exchanged. The company has a 50-day moving average price of $47.07 and a 200 day moving average price of $39.95. Michael Kors Holdings Limited has a 1-year low of $32.38 and a 1-year high of $52.67. The firm has a market capitalization of $7.40 billion, a price-to-earnings ratio of 14.98 and a beta of 0.02.

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Several equities research analysts recently issued reports on KORS shares. ValuEngine lowered shares of Michael Kors Holdings Limited from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets set a $35.00 target price on shares of Michael Kors Holdings Limited and gave the stock a “hold” rating in a report on Thursday, July 6th. Credit Suisse Group reissued a “hold” rating and issued a $43.00 target price on shares of Michael Kors Holdings Limited in a report on Sunday, September 10th. Jefferies Group LLC set a $60.00 target price on shares of Michael Kors Holdings Limited and gave the stock a “buy” rating in a report on Tuesday, July 4th. Finally, BidaskClub raised shares of Michael Kors Holdings Limited from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $45.35.

About Michael Kors Holdings Limited

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.

Earnings History for Michael Kors Holdings Limited (NYSE:KORS)

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