Urban Outfitters, Inc. (URBN) Expected to Announce Earnings of $0.62 Per Share

Equities research analysts expect Urban Outfitters, Inc. (NASDAQ:URBN) to report $0.62 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have made estimates for Urban Outfitters’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.66. Urban Outfitters posted earnings of $0.55 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 12.7%. The firm is scheduled to report its next earnings report after the market closes on Tuesday, March 6th.

On average, analysts expect that Urban Outfitters will report full-year earnings of $1.57 per share for the current financial year, with EPS estimates ranging from $1.52 to $1.63. For the next year, analysts expect that the business will report earnings of $1.92 per share, with EPS estimates ranging from $1.70 to $2.07. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Urban Outfitters.

Urban Outfitters (NASDAQ:URBN) last released its quarterly earnings results on Monday, November 20th. The apparel retailer reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.08. The firm had revenue of $892.77 million during the quarter, compared to analyst estimates of $860.64 million. Urban Outfitters had a net margin of 4.81% and a return on equity of 13.34%. The business’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.40 EPS.

A number of research firms have recently commented on URBN. Royal Bank of Canada set a $37.00 price target on shares of Urban Outfitters and gave the company a “hold” rating in a research report on Friday. SunTrust Banks restated a “buy” rating and set a $40.00 price target on shares of Urban Outfitters in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Urban Outfitters from a “buy” rating to a “hold” rating in a research report on Monday, January 22nd. Nomura restated a “neutral” rating and set a $30.00 price target (up from $26.00) on shares of Urban Outfitters in a research report on Wednesday, January 17th. Finally, Buckingham Research restated a “buy” rating and set a $42.00 price target (up from $32.00) on shares of Urban Outfitters in a research report on Thursday, January 11th. Three investment analysts have rated the stock with a sell rating, twenty-one have given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.62.

Urban Outfitters (URBN) traded up $1.87 on Friday, hitting $34.23. 5,069,349 shares of the stock were exchanged, compared to its average volume of 2,091,336. The stock has a market cap of $3,705.33, a price-to-earnings ratio of 22.82, a P/E/G ratio of 1.50 and a beta of 0.62. Urban Outfitters has a 12-month low of $16.19 and a 12-month high of $36.10.

A number of institutional investors have recently bought and sold shares of URBN. Trust Co. of Vermont bought a new stake in Urban Outfitters in the fourth quarter worth $110,000. State of Alaska Department of Revenue bought a new stake in Urban Outfitters in the fourth quarter worth $175,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in Urban Outfitters by 42.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,094 shares of the apparel retailer’s stock worth $179,000 after purchasing an additional 1,522 shares during the last quarter. Shelton Capital Management bought a new stake in Urban Outfitters in the fourth quarter worth $234,000. Finally, Invictus RG bought a new stake in Urban Outfitters in the third quarter worth $241,000. 84.51% of the stock is owned by institutional investors and hedge funds.

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Urban Outfitters Company Profile

Urban Outfitters, Inc is a lifestyle specialty retail company. The Company operates through two segments: Retail and Wholesale. The Company’s Retail segment consists of its Urban Outfitters, Anthropologie, Free People, Terrain and Bhldn brands, whose merchandise is sold to its customers through retail stores, Websites, mobile applications, catalogs and customer contact centers.

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Earnings History and Estimates for Urban Outfitters (NASDAQ:URBN)

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