Zacks: Brokerages Expect Gap Inc (GPS) Will Post Earnings of $0.58 Per Share
Analysts expect that Gap Inc (NYSE:GPS) will report earnings per share (EPS) of $0.58 for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for GAP’s earnings, with estimates ranging from $0.51 to $0.62. GAP reported earnings per share of $0.51 in the same quarter last year, which would suggest a positive year over year growth rate of 13.7%. The business is scheduled to announce its next quarterly earnings results on Thursday, February 22nd.
On average, analysts expect that GAP will report full year earnings of $2.10 per share for the current financial year, with EPS estimates ranging from $2.04 to $2.14. For the next fiscal year, analysts anticipate that the business will report earnings of $2.15 per share, with EPS estimates ranging from $1.88 to $2.30. Zacks’ earnings per share averages are an average based on a survey of analysts that follow GAP.
GAP (NYSE:GPS) last posted its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.03. The business had revenue of $3.84 billion for the quarter, compared to analysts’ expectations of $3.76 billion. GAP had a return on equity of 27.47% and a net margin of 5.57%. The business’s revenue was up 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.60 EPS.
In other GAP news, CEO Sonia Syngal sold 1,935 shares of the stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $25.79, for a total transaction of $49,903.65. Following the completion of the transaction, the chief executive officer now owns 39,656 shares of the company’s stock, valued at approximately $1,022,728.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jeff Kirwan sold 1,000 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $29.38, for a total transaction of $29,380.00. Following the transaction, the chief executive officer now directly owns 25,268 shares of the company’s stock, valued at approximately $742,373.84. The disclosure for this sale can be found here. Insiders sold a total of 2,206,879 shares of company stock valued at $67,109,508 in the last ninety days. 27.30% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Ffcm LLC boosted its holdings in shares of GAP by 198.0% during the 2nd quarter. Ffcm LLC now owns 5,296 shares of the apparel retailer’s stock valued at $121,000 after purchasing an additional 3,519 shares during the last quarter. Howe & Rusling Inc. bought a new position in shares of GAP during the 3rd quarter valued at about $190,000. AE Wealth Management LLC bought a new position in shares of GAP during the 3rd quarter valued at about $223,000. Campbell & CO Investment Adviser LLC bought a new position in shares of GAP during the 3rd quarter valued at about $229,000. Finally, LMR Partners LLP bought a new position in shares of GAP during the 3rd quarter valued at about $231,000. 54.32% of the stock is owned by institutional investors and hedge funds.
Shares of GAP (NYSE GPS) opened at $31.98 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.73 and a quick ratio of 0.77. GAP has a 12-month low of $21.02 and a 12-month high of $32.83. The company has a market capitalization of $12,046.79, a P/E ratio of 15.26, a PEG ratio of 1.84 and a beta of 0.86.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Investors of record on Wednesday, January 3rd will be issued a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.88%. The ex-dividend date is Tuesday, January 2nd. GAP’s dividend payout ratio is currently 42.40%.
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The Gap, Inc (Gap Inc) is an apparel retail company. The Company offers apparel, accessories and personal care products for men, women and children under the Gap, Banana Republic, Old Navy, Athleta and Intermix brands. Its products are available to customers online through Company-owned Websites and through the use of third-parties that provide logistics and fulfillment services.
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