Genesco Inc. (GCO) Expected to Post Earnings of $2.08 Per Share

Analysts expect Genesco Inc. (NYSE:GCO) to announce $2.08 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Genesco’s earnings. The highest EPS estimate is $2.11 and the lowest is $2.02. Genesco posted earnings of $2.15 per share in the same quarter last year, which suggests a negative year over year growth rate of 3.3%. The firm is expected to issue its next earnings report on Friday, March 9th.

According to Zacks, analysts expect that Genesco will report full-year earnings of $3.06 per share for the current year, with EPS estimates ranging from $3.00 to $3.09. For the next financial year, analysts expect that the company will report earnings of $3.17 per share, with EPS estimates ranging from $2.35 to $3.60. Zacks Investment Research’s earnings per share calculations are an average based on a survey of analysts that that provide coverage for Genesco.

Genesco (NYSE:GCO) last issued its quarterly earnings results on Friday, December 1st. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.12 by ($0.10). Genesco had a positive return on equity of 6.93% and a negative net margin of 4.24%. The business had revenue of $716.80 million for the quarter, compared to analyst estimates of $706.58 million. During the same quarter in the prior year, the firm earned $1.28 EPS. The firm’s quarterly revenue was up .8% compared to the same quarter last year.

A number of brokerages recently issued reports on GCO. Jefferies Group restated a “hold” rating and set a $27.00 price objective on shares of Genesco in a report on Thursday, October 12th. Zacks Investment Research upgraded shares of Genesco from a “strong sell” rating to a “hold” rating in a report on Thursday, January 4th. Susquehanna Bancshares restated a “hold” rating and set a $31.00 price objective on shares of Genesco in a report on Tuesday. ValuEngine upgraded shares of Genesco from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, Robert W. Baird restated a “hold” rating and set a $35.00 price objective on shares of Genesco in a report on Wednesday, January 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $36.25.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Schwab Charles Investment Management Inc. lifted its stake in Genesco by 27.8% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 351,720 shares of the company’s stock valued at $11,431,000 after buying an additional 76,588 shares in the last quarter. Bank of Montreal Can lifted its stake in Genesco by 9.6% in the fourth quarter. Bank of Montreal Can now owns 31,833 shares of the company’s stock valued at $1,034,000 after buying an additional 2,778 shares in the last quarter. Public Employees Retirement System of Ohio lifted its stake in Genesco by 46.1% in the third quarter. Public Employees Retirement System of Ohio now owns 6,249 shares of the company’s stock valued at $166,000 after buying an additional 1,971 shares in the last quarter. GSA Capital Partners LLP lifted its stake in Genesco by 146.0% in the third quarter. GSA Capital Partners LLP now owns 31,800 shares of the company’s stock valued at $846,000 after buying an additional 18,871 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Genesco by 27.6% in the third quarter. California Public Employees Retirement System now owns 129,633 shares of the company’s stock valued at $3,448,000 after buying an additional 28,076 shares in the last quarter. 97.65% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Genesco (NYSE:GCO) traded up $1.50 during midday trading on Friday, reaching $36.40. 345,090 shares of the company were exchanged, compared to its average volume of 438,867. The firm has a market capitalization of $694.97, a PE ratio of -5.75, a P/E/G ratio of 1.19 and a beta of 1.37. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.47 and a current ratio of 2.31. Genesco has a 52-week low of $20.90 and a 52-week high of $63.50.

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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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Earnings History and Estimates for Genesco (NYSE:GCO)

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