Wall Street analysts expect Genesco Inc. (NYSE:GCO) to report $892.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Genesco’s earnings, with the highest sales estimate coming in at $906.50 million and the lowest estimate coming in at $869.00 million. Genesco reported sales of $883.17 million in the same quarter last year, which indicates a positive year over year growth rate of 1%. The business is scheduled to report its next quarterly earnings results before the market opens on Thursday, March 15th.
On average, analysts expect that Genesco will report full-year sales of $892.17 million for the current fiscal year, with estimates ranging from $2.85 billion to $2.88 billion. For the next fiscal year, analysts forecast that the business will post sales of $2.88 billion per share, with estimates ranging from $2.85 billion to $2.92 billion. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Genesco.
A number of equities analysts recently commented on the company. Piper Jaffray Companies set a $40.00 price target on Genesco and gave the stock a “buy” rating in a research note on Wednesday, February 14th. Susquehanna Bancshares reiterated a “hold” rating and issued a $31.00 price target on shares of Genesco in a research note on Tuesday, January 16th. Zacks Investment Research upgraded Genesco from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 4th. ValuEngine downgraded Genesco from a “buy” rating to a “hold” rating in a research note on Sunday, December 31st. Finally, Robert W. Baird reiterated a “hold” rating and issued a $35.00 price target on shares of Genesco in a research note on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.40.
Genesco (GCO) opened at $40.30 on Wednesday. The company has a market capitalization of $803.50, a PE ratio of -6.37, a P/E/G ratio of 1.21 and a beta of 1.11. Genesco has a 52 week low of $20.90 and a 52 week high of $59.75. The company has a quick ratio of 0.47, a current ratio of 2.31 and a debt-to-equity ratio of 0.29.
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Genesco Company Profile
Genesco Inc is a retailer and wholesaler of footwear, apparel and accessories. The Company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group and Licensed Brands. It relies on independent third-party manufacturers for production of its footwear products sold at wholesale.
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