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.

Several equities analysts recently weighed in on ANF shares. Citigroup reiterated a “buy” rating and set a $18.00 target price (up from $16.00) on shares of Abercrombie & Fitch in a research report on Monday, November 20th. Jefferies Group lifted their target price on Abercrombie & Fitch from $14.00 to $17.00 and gave the company a “hold” rating in a research report on Monday, December 18th. Telsey Advisory Group lifted their target price on Abercrombie & Fitch from $12.00 to $17.00 and gave the company a “market perform” rating in a research report on Monday, November 20th. Robert W. Baird set a $16.00 target price on Abercrombie & Fitch and gave the company a “hold” rating in a research report on Saturday, November 18th. Finally, Argus upgraded Abercrombie & Fitch from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. Seven equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Abercrombie & Fitch has a consensus rating of “Hold” and a consensus target price of $13.13.

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.

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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.

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Earnings History and Estimates for Abercrombie & Fitch (NYSE:ANF)

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