Equities analysts expect that Nordstrom, Inc. (NYSE:JWN) will report sales of $3.47 billion for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Nordstrom’s earnings, with the lowest sales estimate coming in at $3.45 billion and the highest estimate coming in at $3.48 billion. Nordstrom reported sales of $3.28 billion during the same quarter last year, which would suggest a positive year over year growth rate of 5.8%. The firm is scheduled to report its next earnings results on Thursday, May 10th.
According to Zacks, analysts expect that Nordstrom will report full year sales of $3.47 billion for the current year, with estimates ranging from $15.69 billion to $16.08 billion. For the next fiscal year, analysts expect that the firm will report sales of $16.17 billion per share, with estimates ranging from $16.03 billion to $16.41 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Nordstrom.
Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, March 1st. The specialty retailer reported $1.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.24 by ($0.04). Nordstrom had a return on equity of 60.72% and a net margin of 2.86%. The firm had revenue of $4.60 billion for the quarter, compared to the consensus estimate of $4.57 billion. During the same period last year, the firm earned $1.27 EPS. The company’s revenue for the quarter was up 8.4% on a year-over-year basis.
Shares of Nordstrom (JWN) opened at $50.33 on Wednesday. The company has a debt-to-equity ratio of 2.74, a quick ratio of 0.45 and a current ratio of 1.07. Nordstrom has a 52 week low of $37.79 and a 52 week high of $54.00. The stock has a market capitalization of $8,324.95, a PE ratio of 16.90, a price-to-earnings-growth ratio of 2.43 and a beta of 0.81.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Monday, March 5th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 2.94%. The ex-dividend date is Friday, March 2nd. Nordstrom’s payout ratio is 57.36%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. San Francisco Sentry Investment Group CA raised its position in Nordstrom by 1,752.0% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 2,315 shares of the specialty retailer’s stock valued at $109,000 after purchasing an additional 2,190 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in Nordstrom during the 4th quarter valued at approximately $115,000. Cerebellum GP LLC bought a new position in Nordstrom during the 4th quarter valued at approximately $131,000. Calton & Associates Inc. bought a new position in Nordstrom during the 4th quarter valued at approximately $153,000. Finally, Investors Research Corp bought a new position in Nordstrom during the 4th quarter valued at approximately $230,000. 59.01% of the stock is owned by institutional investors and hedge funds.
Nordstrom, Inc is a fashion specialty retailer in the United States. The Company’s segments include Retail and Credit. As of March 20, 2017, the Company operated 344 the United States stores located in 40 states as well as an e-commerce business. The Company also offers its customers a variety of payment products and services, including credit and debit cards.
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