$0.27 Earnings Per Share Expected for DSW Inc. (DSW) This Quarter
Analysts expect that DSW Inc. (NYSE:DSW) will announce $0.27 earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Six analysts have made estimates for DSW’s earnings, with the lowest EPS estimate coming in at $0.26 and the highest estimate coming in at $0.28. DSW reported earnings per share of $0.20 in the same quarter last year, which suggests a positive year-over-year growth rate of 35%. The company is scheduled to report its next earnings report on Tuesday, March 13th.
On average, analysts expect that DSW will report full year earnings of $1.41 per share for the current financial year, with EPS estimates ranging from $1.40 to $1.42. For the next financial year, analysts anticipate that the company will post earnings of $1.56 per share, with EPS estimates ranging from $1.45 to $1.80. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow DSW.
DSW (NYSE:DSW) last issued its quarterly earnings results on Tuesday, November 21st. The company reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.08). DSW had a net margin of 3.13% and a return on equity of 11.43%. The firm had revenue of $708.30 million for the quarter, compared to analysts’ expectations of $710.24 million. During the same period in the prior year, the firm earned $0.51 EPS. DSW’s revenue for the quarter was up 1.7% compared to the same quarter last year.
Several institutional investors have recently added to or reduced their stakes in DSW. Schwab Charles Investment Management Inc. raised its position in shares of DSW by 13.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 615,241 shares of the company’s stock valued at $10,890,000 after buying an additional 71,194 shares during the last quarter. SG Americas Securities LLC bought a new stake in DSW in the second quarter worth $196,000. Victory Capital Management Inc. increased its position in DSW by 8.1% in the second quarter. Victory Capital Management Inc. now owns 22,334 shares of the company’s stock worth $395,000 after purchasing an additional 1,670 shares during the last quarter. State of Tennessee Treasury Department increased its position in DSW by 820.1% in the second quarter. State of Tennessee Treasury Department now owns 63,485 shares of the company’s stock worth $1,124,000 after purchasing an additional 56,585 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in DSW by 33.4% in the second quarter. Wells Fargo & Company MN now owns 210,255 shares of the company’s stock worth $3,722,000 after purchasing an additional 52,653 shares during the last quarter. Hedge funds and other institutional investors own 89.13% of the company’s stock.
Shares of DSW (NYSE DSW) traded up $0.44 during trading hours on Thursday, reaching $21.07. 919,700 shares of the company’s stock traded hands, compared to its average volume of 1,308,018. DSW has a twelve month low of $15.14 and a twelve month high of $22.72. The stock has a market capitalization of $1,650.34, a P/E ratio of 19.88, a P/E/G ratio of 2.34 and a beta of 0.85.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend was Thursday, December 14th. DSW’s payout ratio is currently 75.47%.
DSW Inc is a footwear retailer. The Company offers an assortment of brand name dress, casual and athletic footwear and accessories for women, men and kids. The Company operates through two segments: the DSW segment (DSW), which includes DSW stores and dsw.com, and the Affiliated Business Group (ABG) segment.
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