Equities analysts predict that Macy's Inc (NYSE:M) will announce earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for Macy's’ earnings, with the highest EPS estimate coming in at $0.42 and the lowest estimate coming in at $0.32. Macy's reported earnings of $0.24 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 58.3%. The business is scheduled to issue its next quarterly earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Macy's will report full year earnings of $3.63 per share for the current year, with EPS estimates ranging from $3.55 to $3.70. For the next year, analysts expect that the firm will report earnings of $3.17 per share, with EPS estimates ranging from $2.61 to $3.70. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that cover Macy's.
Macy's (NYSE:M) last issued its earnings results on Tuesday, February 27th. The company reported $2.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.71 by $0.11. The business had revenue of $8.67 billion for the quarter, compared to analyst estimates of $8.70 billion. Macy's had a net margin of 6.23% and a return on equity of 24.93%. Macy's’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the firm earned $2.02 earnings per share.
Shares of Macy's (M) traded down $0.10 during midday trading on Monday, reaching $28.76. 6,940,000 shares of the company traded hands, compared to its average volume of 11,230,000. The company has a market capitalization of $8,760.00, a price-to-earnings ratio of 9.04, a PEG ratio of 0.94 and a beta of 0.79. Macy's has a fifty-two week low of $17.41 and a fifty-two week high of $31.97. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.45 and a current ratio of 1.47.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 2nd. Shareholders of record on Thursday, March 15th will be paid a $0.3775 dividend. This represents a $1.51 dividend on an annualized basis and a dividend yield of 5.25%. The ex-dividend date is Wednesday, March 14th. Macy's’s dividend payout ratio (DPR) is 47.48%.
In related news, EVP Felicia Williams sold 10,000 shares of the firm’s stock in a transaction dated Friday, March 2nd. The shares were sold at an average price of $29.42, for a total transaction of $294,200.00. Following the transaction, the executive vice president now directly owns 10,000 shares of the company’s stock, valued at $294,200. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Karen M. Hoguet sold 67,515 shares of the firm’s stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $29.39, for a total transaction of $1,984,265.85. Following the transaction, the chief financial officer now directly owns 67,515 shares in the company, valued at $1,984,265.85. The disclosure for this sale can be found here. Insiders sold 106,607 shares of company stock worth $3,150,407 over the last ninety days. Insiders own 1.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vestpro Financial Partners Inc. dba CPF Texas purchased a new stake in Macy's during the fourth quarter worth about $104,000. Delpha Capital Management LLC purchased a new stake in Macy's during the fourth quarter worth about $117,000. SeaCrest Wealth Management LLC purchased a new stake in Macy's during the fourth quarter worth about $119,000. Cerebellum GP LLC purchased a new stake in Macy's during the fourth quarter worth about $127,000. Finally, Enterprise Financial Services Corp increased its holdings in Macy's by 102.4% during the fourth quarter. Enterprise Financial Services Corp now owns 5,348 shares of the company’s stock worth $135,000 after buying an additional 2,706 shares during the last quarter. Institutional investors and hedge funds own 86.95% of the company’s stock.
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Macy's Company Profile
Macy’s, Inc is an omnichannel retail company operating stores, Websites and mobile applications under various brands, such as Macy’s, Bloomingdale’s and Bluemercury. The Company sells a range of merchandise, including apparel and accessories (men’s, women’s and children’s), cosmetics, home furnishings and other consumer goods.
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