Analysts Expect Genesco Inc. (GCO) to Post $2.14 EPS

Equities analysts expect Genesco Inc. (NYSE:GCO) to post $2.14 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Genesco’s earnings, with the lowest EPS estimate coming in at $2.07 and the highest estimate coming in at $2.33. Genesco posted earnings of $2.15 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 0.5%. The business is expected to announce its next quarterly earnings results on Friday, March 9th.

According to Zacks, analysts expect that Genesco will report full-year earnings of $3.13 per share for the current year, with EPS estimates ranging from $3.05 to $3.36. For the next year, analysts expect that the firm will post earnings of $3.25 per share, with EPS estimates ranging from $3.18 to $3.41. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that that provide coverage for Genesco.

Genesco (NYSE:GCO) last announced its quarterly earnings data on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the Zacks’ consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $706.58 million. During the same quarter in the previous year, the business posted $1.28 earnings per share. The company’s revenue was up .8% compared to the same quarter last year.

GCO has been the subject of a number of research reports. UBS lowered Genesco from a “positive” rating to a “neutral” rating in a research report on Monday, August 28th. Piper Jaffray Companies reaffirmed a “buy” rating and set a $39.00 price target on shares of Genesco in a research note on Wednesday, November 1st. ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Susquehanna Bancshares reaffirmed a “neutral” rating and set a $29.00 price target (down from $43.00) on shares of Genesco in a research note on Monday, August 28th. Finally, Jefferies Group reaffirmed a “hold” rating and set a $27.00 price target on shares of Genesco in a research note on Thursday, October 12th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $33.29.

Shares of Genesco (NYSE:GCO) traded up $0.80 during midday trading on Friday, reaching $31.05. The company’s stock had a trading volume of 993,010 shares, compared to its average volume of 657,168. Genesco has a 12-month low of $20.90 and a 12-month high of $67.85. The firm has a market cap of $618.30, a price-to-earnings ratio of 9.91, a PEG ratio of 1.06 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.31 and a quick ratio of 0.47.

Hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC bought a new position in shares of Genesco in the 2nd quarter valued at approximately $144,000. Public Employees Retirement System of Ohio increased its position in Genesco by 16.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 4,278 shares of the company’s stock worth $145,000 after buying an additional 618 shares during the period. Pinnacle Financial Partners Inc. bought a new position in Genesco in the 3rd quarter worth approximately $226,000. Crossmark Global Holdings Inc. bought a new position in Genesco in the 3rd quarter worth approximately $240,000. Finally, Pacad Investment Ltd. increased its position in Genesco by 109.7% in the 2nd quarter. Pacad Investment Ltd. now owns 7,550 shares of the company’s stock worth $256,000 after buying an additional 3,950 shares during the period. 97.82% of the stock is currently owned by institutional investors and hedge funds.

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Genesco Company Profile

Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.

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Earnings History and Estimates for Genesco (NYSE:GCO)

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