Brokers Offer Predictions for Hudson’s Bay Co’s FY2020 Earnings (TSE:HBC)

Hudson’s Bay Co (TSE:HBC) – National Bank Financial decreased their FY2020 earnings per share (EPS) estimates for Hudson’s Bay in a report released on Monday, June 10th. National Bank Financial analyst V. Shreedhar now anticipates that the company will earn ($0.77) per share for the year, down from their previous forecast of ($0.74). National Bank Financial currently has a “Tender” rating and a $9.45 price objective on the stock. National Bank Financial also issued estimates for Hudson’s Bay’s FY2021 earnings at ($0.37) EPS.

HBC has been the topic of a number of other reports. Royal Bank of Canada lowered their price objective on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research note on Thursday, April 4th. Cowen lowered their price objective on shares of Hudson’s Bay from C$11.00 to C$10.00 in a research note on Thursday, April 4th. CIBC decreased their price target on shares of Hudson’s Bay from C$10.00 to C$9.45 in a research note on Tuesday. Finally, TD Securities decreased their price target on shares of Hudson’s Bay from C$10.50 to C$9.50 and set a “hold” rating on the stock in a research note on Thursday, April 4th.

TSE:HBC opened at C$9.31 on Thursday. The firm has a market cap of $1.67 billion and a PE ratio of -4.05. Hudson’s Bay has a fifty-two week low of C$6.22 and a fifty-two week high of C$12.05. The company has a debt-to-equity ratio of 168.43, a quick ratio of 0.07 and a current ratio of 1.19.

Hudson’s Bay (TSE:HBC) last announced its quarterly earnings data on Wednesday, April 3rd. The company reported C($0.54) EPS for the quarter. The business had revenue of C$2.89 million for the quarter.

About Hudson’s Bay

Hudson's Bay Company owns and operates department stores in Canada and the United States. Its stores offers fashion apparels, accessories, cosmetics, and home products. The company operates its stores under the Hudson's Bay, Lord & Taylor, Saks Fifth Avenue, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, Galeria Kaufhof, Galeria INNO, and Sportarena names.

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Earnings History and Estimates for Hudson`s Bay (TSE:HBC)

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