Nordstrom (JWN) to Release Earnings on Tuesday

Nordstrom (NYSE:JWN) is set to release its earnings data after the market closes on Tuesday, May 21st. Analysts expect Nordstrom to post earnings of $0.46 per share for the quarter. Nordstrom has set its FY 2019 guidance at $3.65-3.90 EPS.

Nordstrom (NYSE:JWN) last issued its quarterly earnings results on Thursday, February 28th. The specialty retailer reported $1.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.42 by $0.06. Nordstrom had a return on equity of 57.14% and a net margin of 3.56%. The company had revenue of $4.48 billion for the quarter, compared to analysts’ expectations of $4.63 billion. During the same period last year, the firm earned $1.20 EPS. On average, analysts expect Nordstrom to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Shares of JWN stock opened at $37.60 on Tuesday. Nordstrom has a 1 year low of $37.41 and a 1 year high of $67.75. The firm has a market cap of $6.10 billion, a PE ratio of 10.59, a PEG ratio of 1.76 and a beta of 0.48. The company has a debt-to-equity ratio of 3.07, a quick ratio of 0.41 and a current ratio of 1.00.

Several equities analysts have recently issued reports on the company. Credit Suisse Group lowered their price target on Nordstrom from $55.00 to $50.00 and set a “positive” rating on the stock in a research report on Wednesday, January 16th. Wedbush cut Nordstrom from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $65.00 to $40.00 in a research report on Thursday, May 9th. Bank of America set a $48.00 price target on Nordstrom and gave the company a “sell” rating in a research report on Friday, March 1st. Zacks Investment Research upgraded Nordstrom from a “hold” rating to a “buy” rating and set a $49.00 price target on the stock in a research report on Tuesday, March 19th. Finally, Guggenheim reiterated a “hold” rating on shares of Nordstrom in a research report on Thursday, February 28th. Four equities research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $50.13.

In other news, insider Erik B. Nordstrom sold 17,762 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $44.07, for a total transaction of $782,771.34. Following the completion of the sale, the insider now directly owns 2,653,314 shares of the company’s stock, valued at approximately $116,931,547.98. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Erik B. Nordstrom sold 1,169 shares of the firm’s stock in a transaction on Monday, February 25th. The stock was sold at an average price of $44.70, for a total value of $52,254.30. Following the sale, the insider now directly owns 2,671,406 shares of the company’s stock, valued at $119,411,848.20. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,180 shares of company stock valued at $2,164,864. Corporate insiders own 5.21% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Nordstrom (JWN) to Release Earnings on Tuesday” was originally published by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.americanbankingnews.com/2019/05/14/nordstrom-jwn-to-release-earnings-on-tuesday.html.

About Nordstrom

Nordstrom, Inc, a fashion retailer, provides apparel, shoes, cosmetics, and accessories for women, men, young adults, and children. It offers a range of brand name and private label merchandise through various channels, such as Nordstrom branded full-line stores and online store at Nordstrom.com; Nordstrom Rack stores; Nordstromrack.com and HauteLook; Jeffrey boutiques; clearance stores that operate under the Last Chance name; Trunk Club clubhouses and TrunkClub.com; and Nordstrom Locals.

Featured Story: How to Trade Using Analysts Ratings

Earnings History for Nordstrom (NYSE:JWN)

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



Leave a Reply