Tiffany & Co. (TIF) Scheduled to Post Earnings on Wednesday

Tiffany & Co. (NYSE:TIF) will release its earnings data before the market opens on Wednesday, November 29th. Analysts expect Tiffany & Co. to post earnings of $0.76 per share for the quarter.

Tiffany & Co. (NYSE:TIF) last released its quarterly earnings data on Thursday, August 24th. The specialty retailer reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.06. Tiffany & Co. had a net margin of 11.41% and a return on equity of 15.91%. The business had revenue of $960.00 million during the quarter, compared to analyst estimates of $930.19 million. During the same quarter in the previous year, the business earned $0.84 EPS. Tiffany & Co.’s quarterly revenue was up 3.0% compared to the same quarter last year. On average, analysts expect Tiffany & Co. to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of Tiffany & Co. (NYSE TIF) opened at $93.54 on Wednesday. The company has a quick ratio of 2.29, a current ratio of 5.75 and a debt-to-equity ratio of 0.28. Tiffany & Co. has a 52 week low of $76.04 and a 52 week high of $97.29. The stock has a market cap of $11,807.49, a price-to-earnings ratio of 24.50, a P/E/G ratio of 2.22 and a beta of 1.96.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Investors of record on Wednesday, December 20th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend is Tuesday, December 19th. Tiffany & Co.’s payout ratio is presently 54.35%.

TRADEMARK VIOLATION NOTICE: “Tiffany & Co. (TIF) Scheduled to Post Earnings on Wednesday” was posted by American Banking News and is the property of of American Banking News. If you are accessing this news story on another domain, it was copied illegally and republished in violation of U.S. and international copyright & trademark legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/22/tiffany-co-tif-scheduled-to-post-earnings-on-wednesday.html.

Several research firms recently issued reports on TIF. Zacks Investment Research lowered shares of Tiffany & Co. from a “buy” rating to a “hold” rating in a research note on Monday, November 13th. Susquehanna Bancshares Inc began coverage on shares of Tiffany & Co. in a research report on Thursday, November 2nd. They set a “neutral” rating and a $100.00 target price for the company. Cowen and Company set a $102.00 target price on shares of Tiffany & Co. and gave the stock a “buy” rating in a research report on Wednesday, October 18th. Needham & Company LLC reissued a “hold” rating on shares of Tiffany & Co. in a research report on Tuesday, October 17th. Finally, Oppenheimer Holdings, Inc. reissued a “buy” rating on shares of Tiffany & Co. in a research report on Friday, October 13th. Twelve analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. Tiffany & Co. presently has an average rating of “Hold” and an average price target of $94.91.

In other news, Director Francesco Trapani purchased 25,000 shares of Tiffany & Co. stock in a transaction on Tuesday, September 26th. The shares were purchased at an average cost of $89.34 per share, for a total transaction of $2,233,500.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Qatar Investment Authority sold 4,400,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $94.16, for a total transaction of $414,304,000.00. The disclosure for this sale can be found here. In the last three months, insiders purchased 267,064 shares of company stock worth $23,789,094. 1.30% of the stock is currently owned by insiders.

About Tiffany & Co.

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.

Earnings History for Tiffany & Co. (NYSE:TIF)

Receive News & Ratings for Tiffany & Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tiffany & Co. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply