Tiffany & Co. (TIF) to Post Q4 2018 Earnings of $1.49 Per Share, William Blair Forecasts
Tiffany & Co. (NYSE:TIF) – Equities researchers at William Blair reduced their Q4 2018 EPS estimates for shares of Tiffany & Co. in a research note issued on Wednesday. William Blair analyst D. Carden now forecasts that the specialty retailer will earn $1.49 per share for the quarter, down from their prior forecast of $1.55.
Tiffany & Co. (NYSE:TIF) last released its quarterly earnings results on Wednesday, November 29th. The specialty retailer reported $0.80 EPS for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.04. Tiffany & Co. had a net margin of 11.46% and a return on equity of 15.77%. The company had revenue of $976.20 million for the quarter, compared to analyst estimates of $957.18 million. During the same quarter last year, the firm posted $0.76 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year.
Tiffany & Co. (NYSE TIF) traded up $2.75 during trading hours on Monday, hitting $97.25. 3,090,200 shares of the stock were exchanged, compared to its average volume of 1,677,460. Tiffany & Co. has a 12 month low of $76.08 and a 12 month high of $98.58. The company has a market capitalization of $12,085.98, a price-to-earnings ratio of 24.87, a price-to-earnings-growth ratio of 2.26 and a beta of 1.93. The company has a debt-to-equity ratio of 0.28, a quick ratio of 2.09 and a current ratio of 5.44.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 10th. Stockholders of record on Wednesday, December 20th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, December 19th. This represents a $2.00 annualized dividend and a dividend yield of 2.06%. Tiffany & Co.’s payout ratio is 53.76%.
In other Tiffany & Co. news, Director Robert S. Singer purchased 1,000 shares of the firm’s stock in a transaction on Monday, September 25th. The shares were purchased at an average price of $88.13 per share, for a total transaction of $88,130.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Francesco Trapani purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of $89.34 per share, for a total transaction of $2,233,500.00. The disclosure for this purchase can be found here. Company insiders own 1.30% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. QS Investors LLC boosted its stake in Tiffany & Co. by 8.2% during the second quarter. QS Investors LLC now owns 1,363 shares of the specialty retailer’s stock worth $128,000 after buying an additional 103 shares in the last quarter. Welch Group LLC boosted its stake in Tiffany & Co. by 0.5% during the second quarter. Welch Group LLC now owns 1,549 shares of the specialty retailer’s stock worth $145,000 after buying an additional 8 shares in the last quarter. Wetherby Asset Management Inc. acquired a new stake in Tiffany & Co. during the second quarter worth $201,000. Commerce Bank acquired a new stake in Tiffany & Co. during the second quarter worth $209,000. Finally, Pacer Advisors Inc. lifted its holdings in shares of Tiffany & Co. by 8.3% during the second quarter. Pacer Advisors Inc. now owns 2,267 shares of the specialty retailer’s stock valued at $213,000 after acquiring an additional 174 shares during the period. Hedge funds and other institutional investors own 81.04% of the company’s stock.
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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.
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