Fast Retailing (OTCMKTS:FRCOY – Get Free Report) is expected to be announcing its resultson Wednesday, July 8th. Analysts expect the company to announce earnings of $0.2376 per share and revenue of $5.9594 billion for the quarter.
Fast Retailing Stock Down 2.6%
OTCMKTS:FRCOY opened at $51.23 on Wednesday. Fast Retailing has a fifty-two week low of $29.25 and a fifty-two week high of $54.15. The stock’s 50-day moving average is $48.55 and its two-hundred day moving average is $43.28.
Analyst Upgrades and Downgrades
Several equities analysts have recently commented on FRCOY shares. Sanford C. Bernstein started coverage on shares of Fast Retailing in a report on Tuesday, May 26th. They set an “outperform” rating on the stock. Nomura upgraded Fast Retailing to a “hold” rating in a report on Tuesday, March 3rd. Finally, Zacks Research cut Fast Retailing from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Fast Retailing presently has an average rating of “Hold”.
About Fast Retailing
Fast Retailing Co, Ltd. is a Japanese retail holding company best known as the parent of Uniqlo, one of the world’s leading casual apparel brands. Headquartered in Yamaguchi Prefecture, Japan, Fast Retailing focuses on the design, manufacture and global distribution of everyday wear for men, women and children. Its core business centers on accessible, high-quality basics that blend functionality with minimalist styling, underpinned by proprietary fabric technologies such as HEATTECH and AIRism.
The company traces its roots to a men’s clothing shop founded by Tadashi Yanai’s family in 1963.
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