Gap Inc (GPS) Expected to Announce Earnings of $0.58 Per Share

Equities analysts expect Gap Inc (NYSE:GPS) to post earnings of $0.58 per share for the current quarter, according to Zacks. Nine analysts have made estimates for GAP’s earnings. The lowest EPS estimate is $0.51 and the highest is $0.62. GAP reported earnings of $0.51 per share during the same quarter last year, which would indicate a positive year over year growth rate of 13.7%. The firm is expected to report its next earnings report on Thursday, February 22nd.

According to Zacks, 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 year, analysts expect that the firm will post earnings of $2.18 per share, with EPS estimates ranging from $1.88 to $2.50. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover GAP.

GAP (NYSE:GPS) last released its quarterly earnings data on Thursday, November 16th. The apparel retailer reported $0.58 EPS for the quarter, beating the consensus estimate of $0.55 by $0.03. GAP had a net margin of 5.57% and a return on equity of 27.47%. The business had revenue of $3.84 billion during the quarter, compared to the consensus estimate of $3.76 billion. During the same quarter in the prior year, the firm earned $0.60 EPS. The business’s revenue was up 1.1% on a year-over-year basis.

A number of research analysts recently commented on the stock. Robert W. Baird set a $35.00 price target on shares of GAP and gave the company a “hold” rating in a report on Friday, December 22nd. Oppenheimer reaffirmed a “market perform” rating and issued a $33.00 price target on shares of GAP in a report on Thursday, December 14th. Canaccord Genuity reaffirmed a “buy” rating on shares of GAP in a report on Thursday, December 14th. ValuEngine raised shares of GAP from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 30th. Finally, Citigroup downgraded shares of GAP from a “neutral” rating to a “sell” rating and lowered their price target for the company from $32.50 to $25.00 in a report on Thursday, November 30th. Three analysts have rated the stock with a sell rating, twenty-three have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. GAP currently has an average rating of “Hold” and a consensus price target of $28.37.

GAP (NYSE:GPS) opened at $32.74 on Friday. GAP has a 1-year low of $21.02 and a 1-year high of $35.24. The company has a market cap of $12,898.39, a PE ratio of 15.09, a price-to-earnings-growth ratio of 1.97 and a beta of 0.94. The company has a current ratio of 1.73, a quick ratio of 0.77 and a debt-to-equity ratio of 0.41.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 3rd will be paid a $0.23 dividend. The ex-dividend date of this dividend is Tuesday, January 2nd. This represents a $0.92 annualized dividend and a yield of 2.81%. GAP’s dividend payout ratio (DPR) is 42.40%.

In other news, CEO Jeff Kirwan sold 1,000 shares of GAP stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $26.11, for a total transaction of $26,110.00. Following the completion of the sale, the chief executive officer now directly owns 24,268 shares in the company, valued at $633,637.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder John J. Fisher sold 850,000 shares of GAP stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $32.32, for a total transaction of $27,472,000.00. The disclosure for this sale can be found here. Insiders have sold 1,549,690 shares of company stock valued at $48,798,813 over the last quarter. Insiders own 27.30% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in GAP by 0.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 16,354 shares of the apparel retailer’s stock valued at $360,000 after purchasing an additional 80 shares during the period. Stephens Inc. AR lifted its position in GAP by 3.4% during the second quarter. Stephens Inc. AR now owns 15,097 shares of the apparel retailer’s stock valued at $332,000 after purchasing an additional 501 shares during the period. ProShare Advisors LLC lifted its position in GAP by 1.1% during the second quarter. ProShare Advisors LLC now owns 47,619 shares of the apparel retailer’s stock valued at $1,047,000 after purchasing an additional 536 shares during the period. Norinchukin Bank The lifted its position in GAP by 7.2% during the second quarter. Norinchukin Bank The now owns 15,277 shares of the apparel retailer’s stock valued at $336,000 after purchasing an additional 1,021 shares during the period. Finally, Bancorpsouth Inc. lifted its position in GAP by 3.5% during the second quarter. Bancorpsouth Inc. now owns 30,665 shares of the apparel retailer’s stock valued at $674,000 after purchasing an additional 1,050 shares during the period. Institutional investors own 54.58% of the company’s stock.

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About GAP

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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Earnings History and Estimates for GAP (NYSE:GPS)

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