Abercrombie & Fitch Co. (ANF) Expected to Post Earnings of $0.84 Per Share
Wall Street brokerages expect Abercrombie & Fitch Co. (NYSE:ANF) to post earnings of $0.84 per share for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Abercrombie & Fitch’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.73. Abercrombie & Fitch reported earnings per share of $0.71 during the same quarter last year, which would indicate a positive year over year growth rate of 18.3%. The firm is scheduled to report its next earnings report on Thursday, March 1st.
On average, analysts expect that Abercrombie & Fitch will report full-year earnings of $0.09 per share for the current fiscal year, with EPS estimates ranging from ($0.02) to $0.19. For the next financial year, analysts forecast that the business will report earnings of $0.19 per share, with EPS estimates ranging from ($0.02) to $0.40. Zacks’ EPS calculations are an average based on a survey of analysts that cover Abercrombie & Fitch.
Abercrombie & Fitch (NYSE:ANF) last released its earnings results on Friday, November 17th. The apparel retailer reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. The company had revenue of $859.10 million for the quarter, compared to the consensus estimate of $818.41 million. Abercrombie & Fitch had a positive return on equity of 0.80% and a negative net margin of 0.55%. Abercrombie & Fitch’s quarterly revenue was up 4.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.02 earnings per share.
Hedge funds have recently modified their holdings of the company. Cornerstone Capital Management Holdings LLC. bought a new stake in Abercrombie & Fitch during the second quarter worth approximately $114,000. Lorber David A bought a new stake in Abercrombie & Fitch during the third quarter worth approximately $126,000. Old Mutual Global Investors UK Ltd. bought a new stake in Abercrombie & Fitch during the third quarter worth approximately $133,000. Suntrust Banks Inc. increased its stake in Abercrombie & Fitch by 3.9% during the second quarter. Suntrust Banks Inc. now owns 13,257 shares of the apparel retailer’s stock worth $164,000 after acquiring an additional 492 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in Abercrombie & Fitch during the second quarter worth approximately $170,000. 99.34% of the stock is currently owned by hedge funds and other institutional investors.
Abercrombie & Fitch (NYSE ANF) traded up $0.09 during midday trading on Thursday, reaching $18.95. The company had a trading volume of 918,038 shares, compared to its average volume of 2,320,000. The stock has a market capitalization of $1,290.00, a P/E ratio of -65.34, a PEG ratio of 15.62 and a beta of 0.96. The company has a quick ratio of 1.07, a current ratio of 2.08 and a debt-to-equity ratio of 0.27. Abercrombie & Fitch has a 12 month low of $8.81 and a 12 month high of $19.60.
WARNING: “Abercrombie & Fitch Co. (ANF) Expected to Post Earnings of $0.84 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are reading this article on another publication, it was stolen and reposted in violation of United States & international copyright laws. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/01/18/abercrombie-fitch-co-anf-expected-to-post-earnings-of-0-84-per-share.html.
About Abercrombie & Fitch
Abercrombie & Fitch Co is a specialty retailer who primarily sells its products through store and direct-to-consumer operations, as well as through various wholesale, franchise and licensing arrangements. The Company operates through two segments: Abercrombie, which includes the Company’s Abercrombie & Fitch and abercrombie kids brands, and Hollister, which includes the Company’s Hollister and Gilly Hicks brands.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Abercrombie & Fitch Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Abercrombie & Fitch and related companies with MarketBeat.com's FREE daily email newsletter.