Fossil Group, Inc. (FOSL) Set to Announce Quarterly Earnings on Tuesday
Fossil Group, Inc. (NASDAQ:FOSL) will be issuing its quarterly earnings data after the market closes on Tuesday, November 7th. Analysts expect the company to announce earnings of ($0.28) per share for the quarter. Fossil Group has set its Q3 guidance at ($0.38)-(0.05) EPS and its FY17 guidance at ($0.32)-0.48 EPS.
Fossil Group (NASDAQ:FOSL) last posted its earnings results on Tuesday, August 8th. The accessories brand company reported ($0.23) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.28) by $0.05. Fossil Group had a negative net margin of 11.33% and a positive return on equity of 6.34%. The firm had revenue of $596.80 million during the quarter, compared to analyst estimates of $617.89 million. During the same quarter in the prior year, the business posted $0.12 EPS. The business’s revenue was down 12.9% compared to the same quarter last year. On average, analysts expect Fossil Group to post $0.68 EPS for the current fiscal year and $0.75 EPS for the next fiscal year.
Fossil Group, Inc. (NASDAQ:FOSL) traded down 4.736% during mid-day trading on Tuesday, hitting $7.945. 1,209,999 shares of the stock traded hands. Fossil Group, Inc. has a 52-week low of $6.80 and a 52-week high of $36.87. The firm’s 50-day moving average is $8.86 and its 200 day moving average is $10.71. The firm’s market cap is $385.50 million.
In other news, Director James M. Zimmerman acquired 36,000 shares of Fossil Group stock in a transaction on Friday, August 25th. The shares were acquired at an average price of $8.30 per share, with a total value of $298,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Gregory A. Mckelvey acquired 5,712 shares of Fossil Group stock in a transaction on Tuesday, August 29th. The stock was purchased at an average cost of $8.73 per share, for a total transaction of $49,865.76. The disclosure for this purchase can be found here. Over the last three months, insiders purchased 114,945 shares of company stock worth $923,917. 12.80% of the stock is owned by insiders.
Several equities analysts have recently weighed in on FOSL shares. BidaskClub upgraded Fossil Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 19th. Zacks Investment Research upgraded Fossil Group from a “strong sell” rating to a “hold” rating in a report on Monday, July 17th. Piper Jaffray Companies set a $10.00 price objective on Fossil Group and gave the stock a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company reiterated an “underperform” rating and issued a $8.00 price objective on shares of Fossil Group in a report on Thursday, August 3rd. Finally, ValuEngine downgraded Fossil Group from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $15.90.
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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