Wall Street analysts forecast that Genesco Inc. (NYSE:GCO) will report earnings per share (EPS) of $2.26 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Genesco’s earnings, with the lowest EPS estimate coming in at $2.18 and the highest estimate coming in at $2.31. Genesco reported earnings per share of $2.15 in the same quarter last year, which suggests a positive year over year growth rate of 5.1%. The business is expected to issue its next earnings results on Thursday, March 21st.
On average, analysts expect that Genesco will report full year earnings of $3.21 per share for the current fiscal year, with EPS estimates ranging from $3.10 to $3.28. For the next financial year, analysts anticipate that the business will post earnings of $3.54 per share, with EPS estimates ranging from $3.40 to $3.68. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that follow Genesco.
Genesco (NYSE:GCO) last posted its quarterly earnings results on Thursday, December 6th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.86 by $0.09. The business had revenue of $713.10 million during the quarter, compared to analysts’ expectations of $712.06 million. Genesco had a net margin of 2.31% and a return on equity of 7.20%. The firm’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the company posted $1.02 earnings per share.
A number of analysts have issued reports on GCO shares. Pivotal Research upgraded shares of Genesco from a “hold” rating to a “buy” rating and lifted their target price for the company from $44.00 to $54.00 in a research note on Thursday, August 30th. Zacks Investment Research cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Wednesday, November 7th. ValuEngine cut shares of Genesco from a “buy” rating to a “hold” rating in a research note on Wednesday, November 21st. Macquarie lifted their target price on shares of Genesco from $28.00 to $32.00 and gave the company a “hold” rating in a research note on Monday, September 10th. Finally, Piper Jaffray Companies set a $41.00 target price on shares of Genesco and gave the company a “hold” rating in a research note on Friday, November 30th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.78.
Several institutional investors have recently modified their holdings of GCO. NumerixS Investment Technologies Inc acquired a new stake in shares of Genesco in the second quarter worth $106,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Genesco in the second quarter worth $184,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Genesco in the third quarter worth $222,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Genesco in the third quarter worth $224,000. Finally, Zeke Capital Advisors LLC acquired a new stake in shares of Genesco in the third quarter worth $252,000.
NYSE GCO traded up $0.02 during trading on Friday, reaching $43.95. The company’s stock had a trading volume of 599,724 shares, compared to its average volume of 277,899. The company has a quick ratio of 0.53, a current ratio of 2.26 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $887.07 million, a PE ratio of 14.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.03. Genesco has a 1-year low of $28.25 and a 1-year high of $51.85.
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company operates in five segments: Journeys Group, Schuh Group, Lids Sports Group, Johnston & Murphy Group, and Licensed Brands. The Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, and Little Burgundy retail chains, as well as through e-commerce and catalogs for young men, women, and children.
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