Analysts predict that Genesco (NYSE:GCO) will report ($0.06) earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Genesco’s earnings. The highest EPS estimate is $0.04 and the lowest is ($0.34). Genesco reported earnings of $0.06 per share in the same quarter last year, which indicates a negative year over year growth rate of 200%. The company is scheduled to announce its next quarterly earnings report on Thursday, May 24th.
On average, analysts expect that Genesco will report full-year earnings of $3.33 per share for the current fiscal year, with EPS estimates ranging from $3.20 to $3.45. For the next fiscal year, analysts expect that the company will post earnings of $3.58 per share, with EPS estimates ranging from $3.50 to $3.70. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Genesco.
Genesco (NYSE:GCO) last issued its quarterly earnings data on Thursday, March 15th. The company reported $2.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.09 by $0.06. Genesco had a positive return on equity of 7.07% and a negative net margin of 3.85%. The business had revenue of $930.00 million for the quarter, compared to the consensus estimate of $902.00 million. During the same period in the prior year, the business posted $2.15 earnings per share. The company’s quarterly revenue was up 5.3% compared to the same quarter last year.
GCO has been the topic of a number of recent research reports. Jefferies Group upgraded Genesco from a “hold” rating to a “buy” rating in a research report on Tuesday, January 2nd. SunTrust Banks upped their price objective on Genesco to $39.00 and gave the company a “buy” rating in a research report on Tuesday, January 9th. Pivotal Research set a $44.00 price objective on Genesco and gave the company a “buy” rating in a research report on Wednesday, January 31st. Finally, Piper Jaffray set a $40.00 price objective on Genesco and gave the company a “buy” rating in a research report on Wednesday, February 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $41.00.
In other news, Director Thurgood Marshall, Jr. sold 2,200 shares of the company’s stock in a transaction that occurred on Wednesday, April 4th. The stock was sold at an average price of $42.31, for a total transaction of $93,082.00. Following the transaction, the director now owns 9,281 shares of the company’s stock, valued at $392,679.11. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 3.30% of the company’s stock.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio grew its stake in shares of Genesco by 46.1% during 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 during the last quarter. Teacher Retirement System of Texas bought a new position in shares of Genesco during the fourth quarter valued at approximately $216,000. Wolverine Trading LLC grew its stake in shares of Genesco by 113.1% during the fourth quarter. Wolverine Trading LLC now owns 7,883 shares of the company’s stock valued at $256,000 after buying an additional 4,183 shares during the last quarter. MetLife Investment Advisors LLC bought a new position in Genesco in the fourth quarter worth approximately $282,000. Finally, Verition Fund Management LLC bought a new position in Genesco in the fourth quarter worth approximately $293,000. 99.24% of the stock is currently owned by hedge funds and other institutional investors.
GCO stock traded up $0.80 during midday trading on Friday, reaching $44.35. 51,910 shares of the company traded hands, compared to its average volume of 389,940. Genesco has a 52-week low of $20.90 and a 52-week high of $55.90. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.72 and a quick ratio of 0.59. The company has a market cap of $854.28, a PE ratio of 13.87, a price-to-earnings-growth ratio of 1.36 and a beta of 1.06.
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Genesco Company Profile
Genesco Inc retails and wholesales footwear, apparel, and accessories. The company's Journeys Group segment offers footwear and accessories through the Journeys, Journeys Kidz, Shi by Journeys, Little Burgundy, and Underground by Journeys retail stores, as well as through e-commerce and catalogs for young men, women, and children.
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