Fossil Group (FOSL) Issues Earnings Results, Beats Expectations By $0.24 EPS

Fossil Group (NASDAQ:FOSL) released its quarterly earnings results on Tuesday. The accessories brand company reported $0.64 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.24, Bloomberg Earnings reports. Fossil Group had a negative net margin of 12.33% and a positive return on equity of 4.75%. During the same quarter last year, the business posted $1.03 earnings per share.

Fossil Group (NASDAQ:FOSL) opened at $9.04 on Wednesday. The firm has a market cap of $407.15, a price-to-earnings ratio of -1.26 and a beta of 0.65. The company has a current ratio of 2.32, a quick ratio of 1.09 and a debt-to-equity ratio of 0.68. Fossil Group has a fifty-two week low of $5.50 and a fifty-two week high of $23.49.

In related news, EVP Martin Frey acquired 7,500 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The stock was bought at an average cost of $7.41 per share, with a total value of $55,575.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 12.80% of the stock is owned by company insiders.

A number of equities research analysts recently weighed in on FOSL shares. BidaskClub lowered shares of Fossil Group from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Zacks Investment Research lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Tuesday, December 26th. ValuEngine lowered shares of Fossil Group from a “hold” rating to a “sell” rating in a report on Friday, February 2nd. Buckingham Research lowered shares of Fossil Group from a “neutral” rating to an “underperform” rating in a report on Friday, January 5th. Finally, Bank of America lowered their price target on shares of Fossil Group from $7.00 to $4.00 and set an “underperform” rating for the company in a report on Wednesday, November 8th. Six investment analysts have rated the stock with a sell rating, nine have issued a hold rating and two have assigned a buy rating to the company. Fossil Group currently has an average rating of “Hold” and a consensus price target of $12.54.

ILLEGAL ACTIVITY WARNING: This news story was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was stolen and republished in violation of United States and international copyright & trademark laws. The correct version of this news story can be viewed at https://www.americanbankingnews.com/2018/02/14/fossil-group-fosl-issues-earnings-results-beats-expectations-by-0-24-eps.html.

Fossil Group Company Profile

Fossil Group, Inc is a design, marketing and distribution company that specializes in consumer fashion accessories. The Company’s segments include Americas, Europe and Asia. Each segment includes sales to wholesale and distributor customers, and sales through the Company-owned retail stores and e-commerce activities based on the location of the selling entity.

Earnings History for Fossil Group (NASDAQ:FOSL)

Receive News & Ratings for Fossil Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fossil Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply